Featuring an intriguing story and a game structure offering a long-lasting experience, P7 contains the deepest game mechanics yet in a Remedy game. The game is built on Remedy’s proprietary Northlight technology.

While not much is known about the new title yet, Remedy's latest financial results revealed that it is scheduled for 2019, while the Alan Wake developer is also working on CrossFire 2 and a yet unannounced third title.

Both of our game projects have progressed well, and their development work will continue according to the agreed schedules. We have delivered the agreed milestones of the single-player campaign of the CrossFire 2 game for Smilegate Entertainment Ltd., and have correspondingly received the payments tied to the milestones on time. The development of the single-player campaign will continue in 2018. The campaign we are developing is part of the more extensive CrossFire 2 game under development, with Smilegate responsible for its development plans and commercialisation.

Our other game project, project P7 that is being done with 505 Games S.p.A., proceeded from the pre-production phase to the production phase at the beginning of the period under review. The development of the game has progressed according to our plans. P7 is expected to be released during 2019.

In addition to our two game projects underway, we launched the preliminary preparations for a new game project at the end of 2017.

We have developed further the Northlight technology that serves our games, and also strengthened further the team developing it. In particular, multiplayer, artificial intelligence and animation technologies as well as our game development tools have taken significant steps forward.

Our skilled and motivated employees are the most significant reason for our good development. The number of personnel at the end of 2017 increased to 149 from 135 in the previous year. Our new employees mainly strengthen our game and technology teams. At the end of 2017, 61% of our employees were Finnish and 39% were game industry professionals who had moved from abroad to Finland. These specialists represent 20 different nationalities, and they are a valuable addition when we are making games for the global market. Our recruitment has worked well, which is also important for our future growth investments. With the growth in the number of personnel, our current office is becoming too small for us, and therefore we signed an agreement on leasing a new office at the end of 2017. We will be moving to an office renovated to meet our needs in Olarinluoma, Espoo, during 2018.

We took significant development steps in 2017. We adopted a multi-project model and have two game projects in the production phase. Our cooperation with Smilegate on the single-player campaign for CrossFire 2 has continued, and we signed a publication agreement on the game codenamed P7, the brand and intellectual property rights of which we own, with 505 Games. The single-player campaign for CrossFire 2 is our first FPS game, which will expand the game mechanics used by us. P7, on the other hand, will create game mechanics and storytelling techniques for us with which we can offer gamers longer-lasting game experiences.

Project 7 will be available on PS4, Xbox One and PC, including Steam, across both digital and retail versions.