Warsaw, 13 December 2021
The Company has signed a development and publishing agreement with Incuvo S.A. for implementing changes in a computer game from the PCF Group portfolio, necessary to make the game compatible with all virtual reality platforms, and has purchased the controlling shares of the studio from Katowice from the Estonian company OÜ Blite Fund.
This means that a new project of Incuvo S.A. will be produced within the PCF Group. It will be fully funded by PCF Group S.A. The commercial launch of the game is planned before the end of 2023.
Incuvo is a developer studio specializing in production of games for virtual reality platforms.
Incuvo, managed by Andrzej Wychowaniec and Radomir Kucharski, was established in 2012 and from January 2021 is listed on NewConnect (an alternative trading system operated by the Warsaw Stock Exchange). Incuvo is responsible for VR editions of Bloober Team’s “Layers of Fear” and “Blair Witch”. Currently the company is working on the VR version of “Green Hell” from Creepy Jar’s portfolio. Incuvo will be an independent entity withing the group, which means it will be working for other clients from the game industry, similarly to Canadian studio Game On.
“We welcome Incuvo in PCF family. We are closing our first year as a public company with a strong accent and we expand the Group’s competencies in a new, prospective area. While we were cooperating with Incuvo, we became convinced that they’re a partner worth investing in, also in the context of growing diversification of PCF’s portfolio” – comments CEO of the Group, Sebastian Wojciechowski.
“Additionally, we will be building a synergy between Incuvo and our Chicago studio, which also has a wealth of experience in virtual reality gaming” – adds Wojciechowski.
The PCF Chicago team (formerly Phosphor Games), led by Justin Corcoran, is known from many VR projects, including the impactful “The Brookhaven Experiment”.
“We are very eager to cooperate with Incuvo’s team and go forward with this new project – comments Corcoran. For many years we are staunch believers in development of VR technology, so we are happy to work on such projects with Incuvo within our Group and build their success together with the biggest partners in the global industry” – adds the Studio Head of People Can Fly Chicago.
Incuvo is a team of over 40 specialists with a passion for computer games and new technologies. With the addition of Incuvo to PCF Group, People Can Fly is now employing over 490 people around the world.
“This is an important day for Incuvo’s growth. We are joining a strong stock market player, who shares our passion for VR. We will translate it to the projects produced together, but also in promoting and offering VR solutions for the global market” – summarizes Andrzej Wychowaniec, CEO of Incuvo.