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2016-05-15

Starbreeze AB: Starbreeze and Acer to Form Joint Venture for the StarVR Headset

CANNES
(
May 15
, 2016)
Starbreeze AB and Acer Inc. today signed a letter of intent to form a joint
venture for the StarVR Virtual Reality (VR) Head-Mounted Display (HMD). The
two companies aim to cooperate on the design, manufacturing, promotion,
marketing and sales of the StarVR HMD to the professional- and location-based
entertainment market.

"Since our launch in June 2015, we have had an amazing start with StarVR. By
partnering with Acer we shift gears yet again to firmly position us as the
leader in top-end VR experiences. Acer is an excellent, experienced and
prominent hardware partner that will accelerate us in realizing and producing
a high-definition, high-fidelity VR headset," said Bo Andersson Klint,
Starbreeze CEO. "We've been working with a clear roadmap for our VR strategy
from day one, and are now about to realize one of the first major
collaborations we set out to achieve. The future for StarVR is now set and
extremely exciting."

"Acer is thrilled to join forces with Starbreeze in bringing the StarVR
head-mounted display to the market," said Jason Chen, Acer Corporate
President and CEO. "We are devoting R&D resources across multiple aspects of
the VR ecosystem for a coherent and high-quality experience, while just last
month Acer announced powerful desktops and notebooks fully-ready for StarVR.
Starbreeze and Acer share the same goal of delivering best-in-class VR
applications, and we look forward to unlocking new VR possibilities together
with this partnership. "

Starbreeze launched StarVR with a VR-experience at the Electronic
Entertainment Expo (E3) in June 2015 by the acquisition of French company
Infinite Eye, that brought the StarVR HMD technology and an outstanding and
agile engineering team into Starbreeze. After the launch, the VR-experience
was brought on the road entertaining thousands of consumers. In January 2016,
Starbreeze unveiled its location based StarCade initiative, introducing VR
centers looking to allowing customers to immerse themselves into premium VR
experiences.

Starbreeze additionally premiered its first cinematic VR experience "Cockatoo
Spritz" directed by Stephane Barbato in Cannes during the first week of the
festival. Visitors in Cannes can preview the experience by invitation to the
exclusive cocktail party taking place Sunday May 15 or by appointment up
until May 20th2016.

For over 40 years, Acer has continued to bring cutting-edge technology to the
market through its innovative computing devices. With the recent launch of
its VR-ready Predator line-up of performance driven devices, the company is
again leading new trends for computing and entertainment. This agreement
further underlines Acer's relentless pursuit for innovation and ambition to
deliver technology in blazing time-to-market.

The letter of intent announced today form the basis for ongoing discussions
regarding a definitive agreement to form the joint venture, subject to the
parties' board approval.

###

For more information, please contact:

Maeva Sponbergs, EVP of Communication and Head of Investor Relations,
Starbreeze AB
Tel: +46(0)8-209 208, email:ir@starbreeze.com

Stella Chou, Public Relations, Acer Inc.
Tel: +886 (2) 8691 3204, email:stella.th.chou@acer.com

About Starbreeze:
Starbreeze is an independent creator, publisher and distributor of high
quality entertainment products. With studios in Stockholm, Paris and Los
Angeles, the company creates games and other virtual reality entertainment
products, based on proprietary design and licensed content. Starbreeze's most
recent games include PAYDAY 2, the adrenaline fueled bank robbing co-op game
and the upcoming John Wick VR shooter and survival co-op FPS OVERKILL's The
Walking Dead based on the hit series.

Starbreeze has set out to develop truly immersive virtual reality experiences,
by integrating software and hardware in its StarVR head mounted display
displaying a unique field of vision and a mission to bring top-end VR to
large audiences. Starbreeze launched StarVR with a VR-experience at the
Electronic Entertainment Expo (E3) in June 2015, gained by teaming up with
French Infinite Eye. In January 2016, Starbreeze unveiled StarCade
initiative; centers that invites people to immerse themselves into premium VR
experiences. The first cinematic VR experience "Cockatoo Spritz" directed by
Stephane Barbato, premiered at the Cannes Film Festival 2016.

Headquartered in Stockholm, Sweden, Starbreeze's shares are listed on Nasdaq
Stockholm First North Premier under the tickers STAR A and STAR B with the
ISIN-codes SE0007158928 (A-share) and SE0005992831 (B-share). Remium Nordic
is the company's Certified Adviser. For more information, please visit
http://www.starbreeze.com,
http://www.starvr.com,
http://www.overkillsoftware.com

About Acer

:
Established in 1976, Acer is a hardware + software + services company
dedicated to the research, design, marketing, sale, and support of innovative
products that enhance people's lives. Acer's product offerings include PCs,
displays, projectors, servers, tablets, smartphones and wearables. It is also
developing cloud solutions to bring together the Internet of Things. As one
of the world
'
s top 5 PC companies, Acer employs 7,000 people worldwide and has a presence
in over 160 countries. Its shares are listed on the Taiwan Stock Exchange
(TWSE: 2353), and Global Depository Receipts (GDR) are listed on the London
Stock Exchange (LSE: ACID). Please visit
www.acer.comfor more information.

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Starbreeze AB via Globenewswire

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