International Game Technology (IGT) and Greentube, NOVOMATIC's interactive gaming division, announced Wednesday that they have signed a patent cross-licensing agreement that includes patents related to remote game server (RGS) technologies for providing games over a network.
With the execution of this agreement, IGT can offer a patent license to the combined RGS portfolios of IGT and Greentube, the parties explained. The financial terms of the agreement have not been disclosed.
Renato Ascoli, IGT CEO of Global Gaming, said: "This agreement continues the spirit of collaboration and innovation that IGT seeks to foster in our industry. 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."
For his part, Thomas Graf, Greentube CEO, commented: "We are very pleased to reach this significant intellectual property agreement with IGT, as Greentube continues to expand its premium gaming products and solutions."
"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," he concluded.
The companies also released a joint statement in which they declare their intentions to 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."