RSS 2.0 FeedVol. 7 No. 10, October 2008, Goods & Services
PureDepth Extends IGT License Agreement
PureDepth, Inc. announced that it has extended its licensing agreement with leading slot manufacturer International Game Technology. The new 10-year deal will permit IGT to continue to develop its “REELDepth” series of video slots using PureDepth’s multi-layer display, or MLD technology.
MLD technology involves overlaying two LCD video screens to enhance 3D video and simulate spinning reels on a video screen with remarkable clarity.
“This agreement represents a very significant achievement for PureDepth, which sets the stage for ongoing development of our MLD technology in addition to cementing our relationship with IGT,” said Jonathan McCaman, CFO of PureDepth. “IGT’s long-term commitment to MLD technology, subsequent to their successful launch of REELdepth games this summer, demonstrates the clear commercial viability of PureDepth’s technology and further validates our company’s ability to support product development efforts.”
IGT paid PureDepth an up-front royalty payment of $10 million under the agreement.
MLD technology involves overlaying two LCD video screens to enhance 3D video and simulate spinning reels on a video screen with remarkable clarity.
“This agreement represents a very significant achievement for PureDepth, which sets the stage for ongoing development of our MLD technology in addition to cementing our relationship with IGT,” said Jonathan McCaman, CFO of PureDepth. “IGT’s long-term commitment to MLD technology, subsequent to their successful launch of REELdepth games this summer, demonstrates the clear commercial viability of PureDepth’s technology and further validates our company’s ability to support product development efforts.”
IGT paid PureDepth an up-front royalty payment of $10 million under the agreement.
Staff writers for Global Gaming Business magazine. Las Vegas, Nevada.
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