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Playtech Licenses Advanced Multimedia Technology



Printer Friendly VersionPost a CommentTell a Friend about this Article18 September 2006
Playtech (Cyprus) Ltd., the international designer, developer and licensor of software for the gambling industry, a subsidiary company of Playtech Ltd , 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."

About Playtech

- Playtech develops unified software platforms for the online gambling industry, primarily targeting existing online operators wanting to upgrade their system; sportsbooks looking to diversify and land-based operators making their online debut.

- Playtech gaming applications include online casino, poker, bingo, live gaming, land-based kiosk networks and fixed-odds games.

- Playtech Limited is listed on the AIM market.

About 1st Technology

- 1st Technology LLC is a leading technology company with a patent portfolio of advanced Internet and multimedia innovations.

- Headed by Internet pioneer Dr. Scott Lewis who led the development of the world's first single integrated circuit chip with on-board video and audio compression, advanced adaptive digital signal processing technology at Oxford University, and introduced multiple broadband Internet and multimedia technologies.

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