Business
nDreams launches The Assembly for Oculus RIFT
nDreams launches The Assembly for Oculus RIFT.
About this update from Mercia Asset Management Plc
[{"type":"text","content":"\n \nRNS Number : 7959E Mercia Technologies PLC 21 July 2016 \n\n\n\n\n\n\n\n\n21 July 2016\n\n\n\n\n \nMercia Technologies PLC\n(\"Mercia\" or \"the Company\")\n \nMercia portfolio Company, nDreams, launches The Assembly for Oculus RIFT\n \nMercia Technologies PLC (AIM: MERC), which is focused on the creation, funding and scaling of innovative businesses with high growth potential from the UK regions, is pleased to announce that portfolio company nDreams has successfully launched its first major virtual reality (\"VR\") game, The Assembly. The game is currently available for Oculus Rift and HTC Vive, with a PlayStation VR version due to launch later this year. The trailer supporting the launch can be viewed at http://www.ndreams.com/. \n \nnDreams, one of the leading UK-based games developer and publishers, set out to make The Assembly the most compelling interactive story game available in VR to date, combining realistic graphics with life-like positional audio and an intuitive in-game User Interface. Ahead of its launch on 19 July 2016, the game received excellent preview coverage in international media.\n \nHaving been in development for more than two years, the launch of The Assembly is a significant step forward for nDreams. Furthermore, it follows the announcement at Google's I/O event in May 2016 that nDreams had been appointed by Google as one of the first developers to make apps and experiences for Daydream, Google's platform for high-performance mobile VR, with two launch titles currently in development.\n \nMercia has invested a total of £3.75 million to date, led by Mercia's Investment Director and former SEGA CEO for Europe and the Americas, Mike Hayes. The Company's first involvement with nDreams was in 2013 and various funding rounds have brought its direct shareholding to 40%.\n \nDr. Mark Payton, CEO of Mercia said:\n \n\"nDreams continues to make significant progress in its ambition to lead the way in virtual reality content and experiences with the launch of The Assembly. We are delighted that this launch has gone well and are excited to continue to support nDreams as it achieves its full potential.\n \nOur strategy is to provide both funding and support through our experienced Digital & Digital entertainment investment team. We have worked with nDreams i...