Monday September 18, 3:14 am ET
NICOSIA, Cyprus, September 18 /PRNewswire-FirstCall/ — Playtech (Cyprus) Ltd., the international designer, developer and licensor of software for the gambling industry, a subsidiary company of Playtech Ltd (LSE: PTEC – News), listed on AIM, announced today the signing of a license agreement with 1st Technology LLC.
The license agreement is in relation to 1st Technology’s core multimedia patents applied to advanced online gaming products. The patents, developed by multimedia pioneer Dr. Scott Lewis, CEO of 1st Technology, are targeted at providing enhanced interactivity and optimized delivery of high quality multimedia information over networks of various bandwidths including narrowband and broadband telephone, cable, and wireless Internet.
Dr. Lewis, commenting on the agreement, said: “We are delighted that industry leader Playtech is now a licensee. Our new relationship will allow us to develop superior gaming products to the market using 1st Technology’s internationally recognized patent portfolio.”
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