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IGT Signs Cross-Licensing Agreement With Incredible Technologies, Inc.

LONDON, March 29, 2017 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT), 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."

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.

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
James Hurley, Investor Relations, (401) 392-7190

About Incredible Technologies
Incredible Technologies is a Class-III gaming manufacturer focused on delivering compelling video slot content to the modern day casino floor.  The company is located in the Chicago suburb of Vernon Hills, Illinois and specializes in the design and development of digital entertainment products to game operators and players.  Incredible Technologies is the largest manufacturer of coin-operated video games in the United States with its flagship product, Golden Tee® Golf, recognized as the most-successful pay-to-play video game in history. 

Incredible Technologies is an associate member of the National Indian Gaming Association, Association of Gaming Equipment Manufacturers and is a certified Women's Business Enterprise.

Incredible Technologies Contact:
Caitlin Harte, Director of Product Marketing, (847) 870-7027

© 2017 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.

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/igt-signs-cross-licensing-agreement-with-incredible-technologies-inc-300430747.html

SOURCE IGT

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