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Home » Quantum Solutions Co., Ltd. (Progress of disclosure matters) Notice regarding business alliance with JP GAMES Co., Ltd.

Quantum Solutions Co., Ltd. (Progress of disclosure matters) Notice regarding business alliance with JP GAMES Co., Ltd.

[Quantum Solutions Co., Ltd.] (Progress of disclosure matters) Notice regarding business alliance with JP GAMES Co., Ltd.
*Quantum Solutions Co., Ltd.*
Press release: July 10, 2024
**
(Progress of disclosure matters) Notice regarding business alliance with JP GAMES Co., Ltd.
*“Project JEWEL (tentative name)” demo product completed*
Dear everyone
July 10, 2024

Company Name Quantum Solutions Co., Ltd.
Representative Name Representative Director and President Francis Bing Rong Zhou (Code number 2338 TSE Standard)
For inquiries, please contact: Takeshi Tomita, Corporate Planning Office 03-6910-0571 (Representative)
The Company announced on January 31, 2024, “(Progress of Disclosure) Notice Regarding Business Alliance with JP GAMES Co., Ltd.”
Conclusion of business alliance agreement with JP GAMES Co., Ltd. (hereinafter referred to as JP GAMES) and JP
GAMES is required to develop a demo product by May 15, 2024 at the latest, and JP GAMES is required to develop a demo product by May 15, 2024 at the latest.
We have informed you that we will create a total three-year (36-month) development plan within 10 business days from the 15th.
In addition, in the “(Progress of Disclosure) Notice Regarding Business Alliance with JP GAMES Co., Ltd.” dated March 26, 2024, JP GAMES Co., Ltd.
The project name of the demo product developed by
We would like to inform you that it has been revised to “JEWEL (tentative name)”.
We would like to inform you that the demo product has been completed as of today after going through the following process.
1. May 3, 2024 Initial draft version received
2. May 13, 2024
・Both companies confirm the delivered items and communicate
improvement requests.
・Agreed to deliver the updated version on June 4, 2024
3. May 30, 2024
・Both companies confirmed the status of reflection of improvement requests 4. June 4, 2024 Updated version delivered

1. Overview of completed demo product

On May 15, 2024, which was the deadline for completing the demo product, the Company should have timely disclosed the status of the demo product, such as whether it was completed or not, as a progress disclosure of the disclosure dated January 31, 2024. , did not make timely disclosure. As of the same day, JP
Although we had received the delivery of the demo product from GAMES, we received JP
We communicated our request for improvement to GAMES, but as of the same day, the demo product had not been completed. Additionally, as of May 29, 2024, we have not been able to confirm the status of the improvement requests being reflected, and we are working to understand the situation.

Originally, we should have made a timely disclosure to that effect on both days. I missed it. Going forward, we will disclose the progress of the project in a timely manner, even if it is not yet complete. We would like to once again provide an overview of the completed demo product.

(1) Name: “Project JEWEL (tentative name)” game image demo
(2) Public inspection date: July 10, 2024
(3) Overview Required: Integrate and visualize the results of initial development (worldview construction, game design implementation, technology verification)
             Game image demo work

2. Future outlook
(1) Development plan:
The Company announced on January 31, 2024 “(Progress of disclosure matters) JP GAMES
In the “Notice Regarding Business Alliance with Japan Corporation,” we stated that we would create a development plan by May 29th, but due to the fact that the completion of the demo product was delayed from the originally planned schedule, etc. We are still in the process of creating a development plan, and the new timing has not yet been determined.
Regarding the completion time of the final product, we plan to take 3 years to complete the development after creating the development plan. Going forward, we will verify the business environment and will notify you once we have been able to calculate numerical targets, etc. in an appropriate and rational manner.
(2) Impact on performance:
The completion of this demo product will not have any impact on the Company’s consolidated financial results for the fiscal year ending February 2025.
If timely disclosure becomes necessary in the future, we will promptly announce it.

The Company agrees that JP GAMES is required to develop a demo product by May 15, 2024 at the latest, and that JP GAMES is required to develop a demo product by May 15, 2024 at the latest.
Since we had announced that a total three-year (36-month) development plan would be created within 10 business days from the 15th, we believe that we should have disclosed the progress of each in a timely manner.

We apologize for the inconvenience caused to our shareholders, investors, and other stakeholders.
We sincerely apologize for this. Our company is committed to disclosing company information in a timely and appropriate manner. I’m going to do it.
that’s all
*About details about this release*
https://prtimes.jp/main/html/rd/p/000000016.000077168.html



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