Nitro Games Oyj: Nitro Games signs approx. 2,2 million EUR LOI

2021-06-09 09:30:00

With this Letter of Intent Nitro Games and Digital Extremes agree on the key terms of the collaboration until such time as the parties enter into a long-form development agreement.

With this agreement Nitro Games provides Digital Extremes with game development services for an unannounced game. This agreement follows Nitro Games' strategy, where in addition to developing games based on its own IP, the company also offers its services to selected customers. Historically, Nitro Games has developed several successful projects for leading mobile gaming companies. The order value of this agreement is approx. 2,2 million EUR. The agreement follows an industry-standard structure. The project will begin immediately and is expected to be completed in 2022.

 "We are proud to start a collaboration with Digital Extremes. With more than 25 years of innovation and a track record of several classic games, they are one of the pioneers in this industry. We take the assignment very seriously and seek to deliver great quality." says Jussi Tähtinen, CEO of Nitro Games.