Novomatic and IGT announce an international ticket-in/ticket-out (TITO) license agreement.
Novomatic is pleased to announce that they have taken a license from IGT under the Burns cashless gaming patents issued throughout Europe. The purpose of this license is to facilitate Novomatic’s use and placements of TITO technologies across international territories. The license will allow Novomatic to implement TITO in the operations of affiliated entities of the Novomatic group of companies. It also allows for licensing where connected to an IGT EZ Pay® system.
“We are excited to have entered into this agreement with the industry’s pre-eminent vendor. We have seen the benefit of TITO in markets around the world and look forward to working together towards full deployment of this technology. This agreement serves to emphasize our commitment to intellectual property rights enforcement issues. We applaud, and will continue to vigorously support, all anti-piracy efforts,” says Jens Halle, Managing Director of Novomatic’s wholly-owned subsidiary Austrian Gaming Industries GmbH.
“IGT is pleased to have the international patent coverage recognized by a significant international gaming company,“ said Paulus Karskens, President of IGT’s International Division. “We are pleased with the rapid rollout of EZ Pay® across Latin America, Europe, Africa and Asia in recent years. This agreement is another important step forward and we are committed to fully utilize and enforce our suite of patents across international markets.”
The Novomatic Group of Companies is a major player in the international gaming industry and the second-largest producer of high-tech gaming equipment in Europe. With subsidiaries and affiliated companies in 19 countries Novomatic exports its state-of-the-art equipment to over 60 countries worldwide. The Group holds more than 750 patents and proprietary rights, and offers the industry’s widest range of products including reel-spinning and video slot machines, video poker devices, limited stakes gaming products, betting terminals, interactive live games and multiplayer systems, video lottery terminals (VLTs), network and online systems for casinos and sports gaming as well as cashless solutions. The great advantage of more than 25 years of experience being both, an operator and a manufacturer and as well as consistent investments into Research and Development and a focus on technology pioneering, together with total commitment to top quality and reliability have gained the Novomatic Group of Companies its established position and excellent reputation in the international gaming industry. Novomatic has become a byword for the Austrian values of partnership qualities, fairness, and respectability.
International Game Technology (www.IGT.com) is a global company specializing in the design, development, manufacturing, distribution and sales of computerized gaming machines and systems products.
Contact (Novomatic): Jens Halle, Managing Director (AGI), +43 2252 606 234
Contact (IGT): Patrick Cavanaugh, Executive Director, Investor Relations 866-296-4232
Statements in this release, which are not historical facts, are “forward looking” statements under the Private Securities Litigation Reform Act of 1995. Although IGT believes that the expectations reflected in any of its forward-looking statements are reasonable, actual results could differ materially from those projected or assumed. IGT’s future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent known and unknown risks and uncertainties. IGT does not intend, and undertakes no obligation, to update forward-looking statements to reflect future events or circumstances.
Information on risks and factors that could affect IGT’s business and financial results are included in our public filings made with the Securities and Exchange Commission.