International Game Technology holder of the largest slot game feature patent portfolio in North America, announced that it has reached a patent cross-licensing agreement with Incredible Technologies, Inc., an emerging Class-III gaming manufacturer focused on delivering compelling video slot, poker and keno content to the modern day casino floor. Under the agreement, Incredible Technologies, Inc. can offer games including patented game features from the IGT portfolio, and will pay licensing fees to IGT.
“Incredible Technologies attributes our record growth to one simple thing – making great games,” said Dan Schrementi, Incredible Technologies’ Vice President of Gaming Sales & Marketing. “This agreement with IGT allows us to remain focused on that mission while continuing to design new and innovative gameplay features our customers have come to expect.”
“We are pleased to extend the positive impact of IGT innovation through this cross-licensing agreement with Incredible Technologies, Inc.,” said Michael Prescott, IGT Senior Vice President and General Counsel, North America Gaming & Interactive. “By leveraging IGT’s industry-leading R&D investment to benefit other game manufacturers, we reinforce our commitments to protecting intellectual property and fostering industry growth.”
International Game Technology (IGT) Plc is the global leader in gaming. IGT enables players to experience their favourite games across all regulated segments and channels, from gaming machines and lotteries to interactive and social. Leveraging a wealth of prime content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, IGT’s gaming solutions anticipate consumer demands wherever they decide to play. The Company has well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and creates value by adhering to the highest standards of service, integrity and responsibility. The Company has approximately $6bn in revenues and more than 13,000 employees.