SOURCE: Aristocrat

Aristocrat

October 03, 2011 11:17 ET

Aristocrat Reaches Settlement With International Game Technology

SYDNEY, AUSTRALIA and LAS VEGAS, NV--(Marketwire - Oct 3, 2011) - Aristocrat Technologies Australia Pty Ltd (ASX: ALL) today announced it has reached agreement with International Game Technology, Inc. (NYSE: IGT) to settle several intellectual property disputes.

Under the agreement Aristocrat and IGT will enter in to a cross-licensing arrangement involving Aristocrat's Hyperlink and Ante-Bet patents and IGT's Alcorn patents.

Aristocrat Managing Director and Chief Executive Officer Jamie Odell said Aristocrat was pleased to have reached agreement with IGT.

"Resolution of these intellectual property disputes acknowledges the strength of each company's intellectual property," Mr. Odell said.

"Aristocrat's IP is a crucial company asset and the company has taken a proactive approach to aggressively protect and defend IP as a core part of our business strategy.

"This settlement with IGT will now allow us to focus on our intellectual property efforts against other parties."

Aristocrat Leisure Limited (ASX: ALL) is a leading global provider of gaming solutions. The Company is licensed by over 200 regulators and its products and services are available in over 90 countries around the world. Aristocrat offers a diverse range of products and services including electronic gaming machines, interactive video terminal systems and casino management systems. For further information visit the Group's website at www.aristocratgaming.com.

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