Combined Remote Game Server patent portfolio
offers compelling content for digital and social gaming
Game Feature and Remote Game Server patents
can be sublicensed to third parties to advance innovation in the
gaming industry
LONDON, April 12,
2022 /PRNewswire/ -- International Game Technology
PLC (NYSE:IGT) ("IGT") today announced that it has signed a broad
patent cross-licensing agreement with Aristocrat Leisure Limited
(ASX: ALL) ("Aristocrat") that includes valuable patents related to
game features and remote game server (RGS) technologies. Under the
agreement, IGT will be able to offer licenses to the companies'
combined game feature and RGS patent portfolios to the global
gaming industry. Financial terms of the agreement have not been
disclosed.
"This agreement extends and expands the previous patent
cross-license between IGT and Aristocrat. This combination of two
of the gaming industry's most valuable game features and RGS patent
portfolios can help propel the evolution of gaming with compelling
content and advanced game mechanics," said Renato Ascoli, IGT CEO Global Gaming. "We
look forward to providing the entire gaming industry with the
opportunity to license IGT and Aristocrat patents, particularly the
compelling content resulting from our combined RGS portfolios, in
the spirit of competition and innovation."
IGT will continue in its efforts to protect its intellectual
property, individually and through collaborations with gaming
industry developers and suppliers, in an effort to advance
innovation and excitement in the gaming market.
About IGT
IGT (NYSE:IGT) is a global leader in gaming.
We deliver entertaining and responsible gaming experiences for
players across all channels and regulated segments, from Lotteries
and Gaming Machines to Sports Betting and Digital. Leveraging a
wealth of compelling content, substantial investment in innovation,
player insights, operational expertise, and leading-edge
technology, our solutions deliver unrivaled gaming experiences that
engage players and drive growth. 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 approximately 10,500 employees. For more information,
please visit www.igt.com.
Cautionary Statement Regarding Forward-Looking
Statements
This news release may contain forward-looking
statements (including within the meaning of the Private Securities
Litigation Reform Act of 1995) concerning International Game
Technology PLC and its consolidated subsidiaries (the "Company")
and other matters. These statements may discuss goals, intentions,
and expectations as to future plans, trends, events, dividends,
results of operations, or financial condition, or otherwise, based
on current beliefs of the management of the Company as well as
assumptions made by, and information currently available to, such
management. Forward-looking statements may be accompanied by words
such as "aim," "anticipate," "believe," "plan," "could," "would,"
"should," "shall", "continue," "estimate," "expect," "forecast,"
"future," "guidance," "intend," "may," "will," "possible,"
"potential," "predict," "project" or the negative or other
variations of them. These forward-looking statements speak only as
of the date on which such statements are made and are subject to
various risks and uncertainties, many of which are outside the
Company's control. Should one or more of these risks or
uncertainties materialize, or should any of the underlying
assumptions prove incorrect, actual results may differ materially
from those predicted in the forward-looking statements and from
past results, performance, or achievements. Therefore, you should
not place undue reliance on such statements. Factors that could
cause actual results to differ materially from those in the
forward-looking statements include (but are not limited to) the
factors and risks described in the Company's annual report on Form
20-F for the financial year ended December 31, 2021 and other
documents filed from time to time with the SEC, which are available
on the SEC's website at www.sec.gov and on the investor
relations section of the Company's website at www.IGT.com.
Except as required under applicable law, the Company does not
assume any obligation to update these forward-looking statements.
You should carefully consider these factors and other risks and
uncertainties that affect the Company's business. All
forward-looking statements contained in this news release are
qualified in their entirety by this cautionary statement. All
subsequent written or oral forward-looking statements attributable
to International Game Technology PLC, or persons acting on its
behalf, are expressly qualified in their entirety by this
cautionary statement.
IGT Contacts
Phil
O'Shaughnessy, Global Communications, toll free in
U.S./Canada +1 (844) IGT-7452 and
outside U.S./Canada +1 (401)
392-7452
Francesco Luti, Italian media
inquiries, +39 06 5189 9184
James Hurley, Investor Relations, +1
(401) 392-7190
View original content to download
multimedia:https://www.prnewswire.com/news-releases/igt-signs-broad-patent-cross-licensing-agreement-with-aristocrat-301523926.html
SOURCE International Game Technology PLC