IGT, IT Sign Cross-Licensing Agreement

International Game Technology has signed a cross-licensing agreement with Illinois-based slot manufacturer Incredible Technologies.

Illinois-based slot and amusement game supplier Incredible Technologies has signed an agreement with leading gaming supplier International Game Technology, under which IT will offer games including patented features from the IGT portfolio, and will pay licensing fees to IGT.

“Incredible Technologies attributes our record growth to one simple thing—making great games,” said Dan Schrementi, Incredible Technologies vice president of gaming sales and marketing. “This agreement with IGT allows us to remain focused on that mission while continuing to design new and innovative game-play features our customers have come to expect.”

“We are pleased to extend the positive impact of IGT innovation through this cross-licensing agreement with Incredible Technologies, Inc.,” said Michael Prescott, IGT’s senior vice president and general counsel, North America gaming and interactive. “By leveraging IGT’s industry-leading R&D investment to benefit other game manufacturers, we reinforce our commitments to protecting intellectual property and fostering industry growth.”