Highway Holdings will resume manufacturing for Playmaji, the Los Angeles-based company behind the modular multi-system game console Polymega. Highway Holdings previously announced a significant, multi-year order on October 15, 2020 to manufacture Playmaji’s Polymega game consoles and accessories. Subsequent to the announcement, complications from the COVID-19 pandemic created micro-chip and component shortages and logistics and shipping delays, which in turn resulted in lower-than-expected manufacturing volume and production yields for FY2020-2022. With pandemic-era related production issues resolved and Playmaji’s recent announcement of a partnership and minority investment from Atari, Playmaji and Highway Holdings anticipate returning to full production in Q2 /Q3 2023 and delivering to customers and distributors Polymega gaming hardware consistently going forward into the future.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue