IGT and WMS Enter New Era of Cooperation for Networked Gaming and Affirm Commitment to Interoperability
biz.yahoo.com
Friday February 22, 9:00 am ET
- Announce Cross-license of Computer and Server-based Infrastructure Patents -
LAS VEGAS and WAUKEGAN, Ill., Feb. 22 /PRNewswire-FirstCall/ -- International Game Technology (NYSE: IGT) and WMS Industries Inc. (NYSE: WMS) entered a new era of cooperation today with an agreement that provides for a wide-ranging, non-exclusive cross-license of each other's intellectual property and patents associated with realizing the benefits of server-based gaming for their customers in an open architecture environment.
In addition, both companies affirmed their commitment for product interoperability and the advent of an enterprise-wide networked gaming environment. The agreement between IGT, a wholly owned subsidiary of International Game Technology, and WMS Gaming Inc., a wholly owned subsidiary of WMS Industries Inc., covers certain patents and intellectual property that address fundamental capabilities for computer and server-based infrastructure in the gaming industry, including IGT's Alcorn authentication and encryption patents. Both companies are members of the Gaming Standards Association (GSA) and are committed to the open architecture of the GSA standards and open network protocols.
"This agreement underscores the strong commitment by both companies to drive industry change, clearing the way to provide casino operators with significant new benefits and players with innovative gaming experiences enabled by the advanced technology of networked gaming," said Brian R. Gamache, President and Chief Executive Officer for WMS. "With this agreement, the foundation is in place to offer the next generation of innovative products personalized for players and unique, world-class applications and services for our customers that will drive enhanced financial returns."
TJ Matthews, Chief Executive Officer of IGT, said, "This agreement will provide the momentum for both companies to achieve their common vision -- a revolution in networked gaming applications, player features, and casino entertainment. The agreement accelerates the introduction of innovative, value-add applications previously announced by IGT and WMS, such as IGT's award-winning sb(TM) Service Window."
IGT is developing a complete set of individualized sb(TM) (server-based) products and services to maximize profitability across the entire casino enterprise. With IGT sb(TM) Products, operators will be able to weave in all their amenities for increased profitability. |
