International edition
December 19, 2018

The financial terms are confidential

IGT signs patent cross-license agreement with Novomatic

IGT signs patent cross-license agreement with Novomatic
"We are very pleased to have this opportunity to expand our creative capacity with this vast portfolio of game features," stated Thomas Graf, CTO of Novomatic AG.
United Kingdom | 03/13/2018

International Game Technology has announced that it has signed a patent cross-license agreement with Novomatic, under which the latter can offer games including patented game features from the IGT portfolio, and will pay ongoing licensing fees to IGT.

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Reaching this cross-licensing agreement with IGT enhances our global expansion strategy with access to compelling product features that have proven to be successful in North America and international markets," said Thomas Graf, CTO of Novomatic AG. "We are very pleased to have this opportunity to expand our creative capacity with this vast portfolio of game features."

"We welcome Novomatic to a comprehensive group of gaming industry leaders who have created a vast resource of game features patents," said Michael Prescott, IGT Senior Vice President and General Counsel, North America Gaming & Interactive. "IGT's collaborative effort to build upon North America's largest slot game feature patent portfolio now encompasses a global patent pool that we believe can foster continued industry-wide innovation."

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