his high level of customer acceptance since the product was first commercialized in North America in late 2006 reflects completed and contracted installations of Table Manager and/or Chip Manager modules, which includes the high speed 13.56 MHz RFID technology for bet recognition.
Progressive believes that these installations, combined with approximately 5,000 units of the combined companies' previous systems installations, represents a combined installed base in excess of 6,000 units which is approximately 10% of the global tables market.
The Table iD tracking and bet recognition technology, jointly owned, developed and marketed by Progressive and International Game Technology is an automated table game system that combines table management software and RFID Chip Tracking.
Progressive and IGT have secured agreements for installations of Table iD in North America from numerous large corporate customers. Nearly one-third of the installations contemplated in the current agreements addressing the North American market utilize both the player tracking and the high speed RFID bet recognition capabilities of Table iD.
Bob Parente, Executive VP of Progressive Gaming International Corporation, commented, "In the twelve months since its commercial introduction in North America, Table iD has been clearly established as the automated table game management system industry standard with a strong and growing domestic installed base. These games, deployed on our combined Table iD system, plus the approximately 5,000 table installations of our combined Companies' previous systems installations brings our total installed base to 6,000 games which we believe represents approximately 10% of the global market.
"Table iD provides our customers with quantifiable time and cost saving efficiencies and we believe the strong response from so many casino operators to date reflects these benefits. As more customers become familiar with this technology, we expect that growth in the North American installed base will continue throughout the balance of 2007 and into 2008."