LONDON, March 13, 2018 /PRNewswire/ -- International Game
Technology PLC ("IGT") (NYSE: IGT), holder of the largest slot game
feature patent portfolio in North
America, announced that it has signed a patent cross-license
agreement with the NOVOMATIC Group; a full-service provider in all
segments of the gaming industry. Under the agreement, the NOVOMATIC
Group can offer games including patented game features from the IGT
portfolio, and will pay ongoing licensing fees to IGT. Financial
terms of the agreement are confidential.
"Reaching this cross-licensing agreement with IGT enhances
our global expansion strategy with access to compelling product
features that have proven to be successful in North America and international markets,"
said Thomas Graf, CTO of
NOVOMATIC AG. "We are very pleased to have this opportunity
to expand our creative capacity with this vast portfolio of game
features."
"We welcome NOVOMATIC to a comprehensive group of gaming
industry leaders who have created a vast resource of game features
patents," said Michael
Prescott, IGT Senior Vice President and General Counsel,
North America Gaming & Interactive. "IGT's collaborative
effort to build upon North
America's largest slot game feature patent portfolio now
encompasses a global patent pool that we believe can foster
continued industry-wide innovation."
About IGT
IGT (NYSE: IGT) is the global leader in
gaming. We enable players to experience their favorite games across
all channels and regulated segments, from Gaming Machines and
Lotteries to Interactive and Social Gaming. Leveraging a wealth of
premium content, substantial investment in innovation, in-depth
customer intelligence, operational expertise and leading-edge
technology, our gaming solutions anticipate the demands of
consumers wherever they decide to play. We have a well-established
local presence and relationships with governments and regulators in
more than 100 countries around the world, and create value by
adhering to the highest standards of service, integrity, and
responsibility. IGT has over 12,000 employees. For more
information, please visit www.igt.com.
About NOVOMATIC
The NOVOMATIC Group is one of the
biggest international producers and operators of gaming
technologies and employs around 25,000 staff worldwide. Founded by
entrepreneur Professor Johann F.
Graf in 1980, the Group has locations in 45 countries and
exports high-tech electronic gaming equipment and solutions to more
than 70 countries. The Group operates more than 260,000 gaming
terminals in its some 2,100 plus gaming operations as well as via
rental concepts.
Through its numerous international subsidiaries, the NOVOMATIC
Group is fully active in all segments of the gaming industry and
thus offers a diversified Omni-channel product portfolio to its
partners and clients around the world. This product range includes
land based gaming products and services, management systems and
cash management, online/mobile and social gaming solutions as well
as lottery and sports betting solutions together with a range of
sophisticated ancillary products and services.
IGT Contacts:
Robert K.
Vincent, Corporate Communications, toll free in
U.S./Canada (844) IGT-7452;
outside U.S./Canada (401)
392-7452
Phil O'Shaughnessy, Global
Communications, Gaming (702) 669-2975
Simone Cantagallo, (+39) 06
51899030; for Italian media inquiries
James Hurley, Investor Relations,
(401) 392-7190
© 2018 IGT. All other trademarks used herein are owned by IGT or
its affiliates, may not be used without permission, and where
indicated with a ®, are registered in the U.S. Patent and Trademark
Office.
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SOURCE IGT