IGT Signs Cross-Licensing Agreement With Ainsworth Game Technology

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Sep 27, 2017, 16:31 ET

LONDON, Sept. 27, 2017 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE: IGT), holder of the largest slot game feature patent portfolio in North America, announced that it has signed a patent cross-licensing agreement with Ainsworth Game Technology ("Ainsworth") (ASX: AGI), a premier manufacturer of global gaming products committed to a culture of quality, innovation and excellence.

"As we position Ainsworth for future growth, we are pleased to have reached this cross-licensing agreement with IGT. It will provide us with access to an industry-wide game feature patent portfolio that we can leverage to enhance our market offerings with games that excite and engage players," said Danny Gladstone, Ainsworth Game Technology Chief Executive Officer.

"We have reached industry-wide momentum with the cross-licensing of IGT patented game features. We're very pleased to add Ainsworth Game Technology to the impressive list of suppliers who have worked with us to establish an IP pool that can help drive the gaming industry's collective innovation," said Michael Prescott, IGT Senior Vice President and General Counsel, North America Gaming & Interactive.

About IGT
IGT (NYSE:IGT) is the global leader in gaming. We enable players to experience their favorite games across all channels and regulated segments, from Gaming Machines and Lotteries to Interactive and Social Gaming. Leveraging a wealth of premium content, substantial investment in innovation, in-depth customer intelligence, operational expertise and leading-edge technology, our gaming solutions anticipate the demands of consumers wherever they decide to play. We have a well-established local presence and relationships with governments and regulators in more than 100 countries around the world, and create value by adhering to the highest standards of service, integrity, and responsibility. IGT has over 12,000 employees. For more information, please visit www.igt.com.

About Ainsworth
Ainsworth Game Technology is a premier manufacturer of global gaming products committed to a culture of quality, innovation and excellence. AGT distributes a range of gaming products, entertaining standalone progressives and linked games through its sales offices and distributors in Australia, New Zealand, Asia, USA and Europe. AGT is an Australian publicly listed company (code: AGI) headquartered in Newington, Sydney, Australia. AGT offices are located around the world including: Americas, Europe, New Zealand, Macau and Latin America.

IGT Contacts:
Robert K. Vincent, Corporate Communications, toll free in U.S./Canada (844) IGT-7452; outside U.S./Canada (401) 392-7452
Phil O'Shaughnessy, Global Communications, Gaming (702) 669-2975
Simone Cantagallo, (+39) 06 51899030; for Italian media inquiries
James Hurley, Investor Relations, (401) 392-7190

Ainsworth Contacts:
Mike Trask, Director of Marketing - North America, (702) 954-3000
Amy Ruppas, Product Marketing Executive, (+61) 2 9739 8000

© 2017 IGT. All other trademarks used herein are owned by IGT or its affiliates, may not be used without permission, and where indicated with a ®, are registered in the U.S. Patent and Trademark Office.

SOURCE IGT