International Game Technology PLC (NYSE:IGT) ("IGT") and Greentube, the NOVOMATIC Digital Gaming and Entertainment division, ("Greentube") today announced that they have signed a patent cross-licensing agreement that includes valuable patents related to remote game server (RGS) technologies for providing games over a network. With the execution of this agreement, IGT can offer the global gaming industry a patent license to the combined RGS portfolios of IGT and Greentube. Financial terms of the agreement have not been disclosed.
"This agreement continues the spirit of collaboration and innovation that IGT seeks to foster in our industry," said Renato Ascoli, IGT CEO Global Gaming. "We look forward to providing the entire gaming industry with the opportunity to license the combined RGS portfolios of IGT and Greentube which cover compelling technologies for delivering games to customers wherever they play." Â
"We are very pleased to reach this significant intellectual property agreement with IGT, as Greentube continues to expand its premium gaming products and solutions," said Thomas Graf, Greentube CEO. "The combined RGS portfolios of Greentube and IGT are truly state-of-the-art, representing a combined prowess and gaming industry leadership that is well-positioned to fuel continued success."
Both companies will continue in their efforts to protect their intellectual property, individually and through collaborations with gaming industry developers and suppliers, in an effort to advance innovation and excitement in the gaming market.