Samsung Electronics Co. Ltd. announced on Tuesday that it plans to include games from Canadian company TransGaming Inc. on its new line of Smart TVs - sending shares in the Toronto-based cloud-gaming developer up nearly 100%.

Since 2011, TransGaming has operated a service called GameTree TV which streams family-friendly casual video games over the Internet to Smart TV viewers. Because most televisions lack the required hardware to render most video games, GameTree TV allows TransGaming to handle all of the resource-intensive rendering on servers far away, streaming only the final video output to a user's TV.

The service is similar to the likes of OnLive or Sony-owned Gaikai, which instead stream more well-known video games from major publishers to PC and PlayStation owners.

TransGaming stock was trading at $0.365, up $0.175 or 92%, shortly after 3 p.m.

GameTree TV is already available in the U.S. for DISH Network and DirecTV subscribers, and in certain European and Asian markets, which TransGaming estimates puts it in 60 million households worldwide. However, by teaming up with Samsung, TransGaming will dramatically increase the number of markets and users who will potentially have access to its game streaming service. By 2015, market research firm IHS iSupply estimates that smart TVs will make up 55% of all shipments.

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