On August 10th, Mobile Global Esports Inc. announced a joint product development partnership that features EVE encoding. This proprietary compression technology service greatly reduces the size of files by up to as much as 65%.
“Esports is growing at a phenomenal rate in India, so everything we can do to maximize the current mobile infrastructure for our upcoming tournament season matters,” said Mobile Global Esports CEO David Pross. “We believe EVE compression removes major obstacles in the market and will position us to deliver a great user experience to esports viewers and to tournaments and gamers, with real potential to scale.”
This comes less than a month after Mobile Global Esports held its IPO. This Initial Public Offering netted the company $6 million before the deduction of expenses.
Mobile Global Esports Inc. is a mobile esports company that represents collegiate gamers all across India. The organization currently trades stock under the ticker symbol “MGAM”.
(All information was provided by Google Finance and Yahoo! Finance [1,2])
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