Aristocrat Leisure Limited (“Aristocrat”) has announced it has entered into a comprehensive ten year patent cross-licensing agreement with International Game Technology PLC (“IGT”).
The agreement covers a wide range of utility and hardware design patents, including patents for remote game server technologies which relate to Aristocrat’s mobile game publishing business (Pixel United), substantially expanding the scope of the parties’ previous cross-licensing deal.
Aristocrat CEO and Managing Director, Trevor Croker, said “We are delighted to achieve this long-term agreement with IGT, which is highly aligned to Aristocrat’s established and successful IP strategy.”
“The agreement will deliver significant flexibility and opportunity for Aristocrat, as we continue to execute our product-led growth plans and extend our reputation for making the world’s best gaming products and mobile content” Croker concluded.
Financial terms of the agreement are not material.
Further information:
Financial:
Linda Assatoury
Senior Director, Investor Relations
Mobile: (61) 402 283 769
linda.assatoury@aristocrat.com
Media:
Natalie Toohey
Chief Corporate Affairs Officer
Mobile: (61) 409 239 459