Valve Announces Development For Xbox 360

First title coming soon to Microsoft’s Next Generation Console Bellevue, WA – April 26, 2006 – Valve®, a leading entertainment and technology studio, is pleased to announce development of future game releases for the Xbox 360™ video game and entertainment system from Microsoft.The coming titles will be powered by a customized version of SourceTM, the technology that powered Valve’s Half-Life® 2. Source provides state of the art performance in graphics, networking, artificial intelligence, physics simulation and more. “The combination of Source and the 360 provides game designers the chance to create powerful entertainment experiences,” said Gabe Newell, president and co-founder of Valve. “Whether developing a traditional FPS, RTS, RPG or delving into new genres, the Xbox 360 is a great platform for expanding Source and our game experiences.” The Valve 360 products are being designed to leverage the Xbox 360’s advanced graphics hardware and integration with Xbox Live® online game service. About ValveValve is an entertainment software and technology company founded in 1996 and based in Bellevue, Washington. The company's portfolio of entertainment properties includes Half-Life®, Counter-StrikeTM, Day of Defeat®, and Team Fortress®. Valve’s catalog of products accounts for over 20 million retail units sold worldwide, and over 80% of the PC online action market. In addition, Valve is a developer of leading-edge technologies, such as the Source game engine and Steam, a broadband platform for the delivery and management of digital content. Xbox 360 and Xbox Live are either registered trademarks or trademarks of Microsoft Corporation in the United States and/or other countries.