Sony Computer Entertainment Inc.
SONY COMPUTER ENTERTAINMENT TO ANNOUNCE
THE FORMATION OF FORWARDWORKS CORPORATION
Tokyo, March 24, 2016 – Sony Computer Entertainment Inc. that will change its company name to Sony Interactive Entertainment Inc. (SIE) effective Friday, April 1st, 2016, announced today the formation of ForwardWorks Corporation (ForwardWorks), a new company that is aimed to deploy new services toward the ever-expanding smart device market. ForwardWorks will begin its operation from April 1st, 2016.
ForwardWorks will leverage the intellectual property of the numerous PlayStation® dedicated software titles and its gaming characters as well as the knowledge and know-how of gaming development expertise which was acquired over the years with PlayStation® business to provide gaming application optimized for smart devices including smartphones* to users in Japan and Asia. The company will aim to deliver users with opportunity to casually enjoy full-fledged game titles in the new filed of the smart device market.
SIE will vigorously maximize the corporate value and create new business opportunities through the establishment of ForwardWorks.
• Outline of ForwardWorks
|1. Name:||ForwardWorks Corporation|
|2. Location:||Tokyo, Japan|
|3. Principal of Business:||Planning, development, sales and operation of software, content and network services for smart devices|
|4. Capital:||10 million Japanese yen (fully owned subsidiary by SIE)|
|5. Date of Incorporation:||Friday, April 1st of 2016|
|6. Directors in Charge and Member of the Board:||Reference below|
• Directors in Charge and Member of the Board of ForwardWorks
Atsushi Morita, President
Andrew House, Member of the Board
Hiroshi Ueda, Member of the Board
Kazuhiko Ono, Auditor
- *Smart devices supporting Android and iOS
About Sony Computer Entertainment Inc.
Recognized as a global leader and company responsible for the progression of consumer-based computer entertainment, Sony Computer Entertainment Inc. (SCEI) manufactures, distributes, develops and markets the PlayStation®4 computer entertainment system, the PlayStation®3 (PS3™) computer entertainment system, and the PlayStation®Vita (PS Vita) portable entertainment system. SCEI has revolutionized home entertainment since it launched PlayStation® in 1994. PlayStation®2 further enhanced the PlayStation® legacy as the core of home networked entertainment. PSP® (PlayStation®Portable) broadened the entertainment experiences into the portable arena. PS3 is a computer entertainment system that incorporates the powerful Cell Broadband Engine and RSX processors. PS Vita is a portable entertainment system that offers a revolutionary combination of rich gaming and social connectivity. PlayStation®4 redefines rich and immersive gameplay with powerful graphics and speed, intelligent personalization and deeply integrated social capabilities. PlayStation™Network, that includes PlayStation®Store, delivers unparalleled online gaming experience to PlayStation users. PlayStation™Now, a streaming game service that leverages cloud-based technology, enables users to instantly enjoy a wide range of PS3 games on numerous Internet-connected devices they use every day. Headquartered in Tokyo, Japan, SCEI, along with its affiliated companies, Sony Computer Entertainment America LLC and Sony Computer Entertainment Europe Ltd., and its division company, Sony Computer Entertainment Japan Asia, develops, publishes, markets and distributes hardware and software, and manages the third party licensing programs for these platforms in their respective markets worldwide.
“PlayStation” is a registered trademark of Sony Computer Entertainment Inc.
All other trademarks are property of their respective owners.