SouthPeak Games  today announced a studio license agreement with Epic Games for use of the Unreal Engine 3  in the development of its upcoming PC and video game titles worldwide. The agreement is in effect throughout the life of the UE3 technology application across all major platforms including downloadable content. SouthPeak’s latest release planned under the new studio license is Monster Madness EX: Battle for Suburbia, currently under development by Psyonix Studios for Playstation 3.

“Independent developers need more opportunities to bring their games to market with next-generation technology,” said Katie Morgan, executive vice president at SouthPeak Games. “UE3 provides developers all the tools and resources necessary to build great games and SouthPeak is giving talented developers a chance to focus on creating their games without spending the resources to create an engine to support it.”

“We see this as a landmark agreement for Epic and the UE3 technology because of SouthPeak’s focus on independent developers,” said Mark Rein, vice president of Epic Games. “They are going to bring UE3 to a group of developers that have fantastic games but would typically have to wait a long time to work with our award-winning game engine.”

"Our focus on UE3 technology has been key to our success as an independent studio. This is an ideal opportunity for us to work with SouthPeak on our projects," said Dave Hagewood, president of Psyonix Studios. "We’re excited to be working with SouthPeak to bring our upcoming game to market in 2008."