Coinless Systems Inc., a leading developer, manufacturer and supplier of coinless technology and products for the gaming industry announced that the Company has signed a licensing agreement with Innovative Gaming Corporation of America.
Under terms of the licensing agreement, IGCA is permitted to incorporate Coinless Systems’s patented technology, Scan After Print in all of the slot machines manufactured by IGCA and its wholly-owned subsidiary, Innovative Gaming, Inc. In the agreement, Coinless Systems grants IGCA a non-exclusive license to use devices within the scope of Coinless Systems’s U.S. Patent No. 6,012,832 entitled “Cashless Peripheral Device for a Gaming System” for limited purpose of making, using, offering to sell, and selling gaming machines incorporating devices within the scope of (the ‘832 patent) so long as such devices are acquired from Coinless Systems or a licensed manufacturer or Coinless Systems.
“IGCA acknowledges the validity and enforceability of Coinless Systems ‘832 patent, ‘Scan After Print’ Technology and intends to endorse this technology through its sales and advertising materials for its Coinless Slot Machines. In addition, IGCA will recommend Coinless Systems UVASHIELD coated tickets for dispensing to casino customers,” stated IGCA President Laus M. Abdo.
The UVASHIELD coating protects the ticket against sun, light, alcoholic beverages, and water damage as well as increasing the life of the printers with less wear and tear on print heads.
“Innovative Gaming Corp. continues to focus its sales and marketing efforts on Indian casinos and continues to place machines in numerous Indian casinos in California, Arizona, New Mexico, and across the mid-western United States. Many of our Indian casino customers are placing repeat orders with IGCA for additional product,” added Abdo.
About Innovative Gaming Corporation of America
Innovative Gaming Corporation of America, through its wholly-owned operating subsidiary, Innovative Gaming, Inc., develops, manufactures and distributes fast playing, high-entertainment gaming machines. The Company distributes its products both directly to the gaming market and through licensed distributors. Further information on IGCA is available at [http://www.igca.com].
About Coinless Systems, Inc.
Coinless Systems Inc. is a Las Vegas, Nevada based developer, manufacturer and supplier of coinless technology and products for the gaming industry.
Its principle products are tickets for coinless gaming machines and Scan After Print(TM), a patented process that instantly verifies and ensures the accuracy of bar coded tickets at the slot machine as well as the cashier cage.