Nitro Games signs approx. 0,6 million EUR expansion to development agreement

Nitro Games has signed an expansion to the development agreement with Supermassive Games for an unannounced mobile game.

With this agreement, Nitro Games provides UK-based PC and console games developer Supermassive Games (“Developer”) with game development services, using intellectual property by the Developer.

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. This agreement is an extension to the previous development agreement between the parties communicated on 18 January 2022. The order value of this new expansion is approx. 0,6 million EUR, increasing the total order value of the agreement to approx. 3,4 million EUR. The parties have agreed on a revenue share to Nitro Games should the game proceed to commercial launch. The agreement follows an industry-standard structure. The project started in 2022 and the production phase is expected to be completed in 2023.