Yes, the app create new frames. But keep in mind that for animation it really depend on the animation style and quality to generate good results.
The application run a lot better with a nvidia card with at least cuda at version 5.0:
https://en.wikipedia.org/wiki/CUDA
It only work with nvidia cards, but you can use your CPU to render, it just a lot slower. For HD or bigger resolution you really want a Nvidia card to run it.