Current report No. 5/2018 ESPI

May 17, 2018

Company: Cherrypick Games S.A.

Basis legal: Art. 17 ust. 1 MAR – informacje poufne.

Content: 

The Management Board of Cherrypick Games S.A. announces that on 17 May 2018 it became aware that the Company’s application for funding of the project entitled “Development of an intelligent analytical platform designed to analyse the game environment and user behaviour of freemium / free-to-play games” (the “Project”) submitted under the competition 5/1.1.1/2017 “Fast Track” for SMEs, Operational Programme Intelligent Development 2014-2020, has been selected for funding by the National Centre for Research and Development (“NCBR”).

As part of the Project, the Company intends to develop a platform for intelligent analysis of data generated in real time by users of freemium / free-to-play games. Thanks to the development of advanced artificial intelligence algorithms and the development of a proprietary analytical model, the platform will enable automatic data analysis in order to recommend changes to the game environment leading to optimisation of the game’s Key Performance Indicators (KPIs) defined by the developers.

The company intends to complete the project within 30 months of its commencement. The total cost of the Project has been set at PLN 3.6 million and the recommended amount of co-financing is equal to the amount applied for and amounts to PLN 2.6 million. The final amount of co-financing may be subject to change. The Company will inform about the conclusion of a co-financing agreement in a separate current report.