WMS Gaming and CyberView enter technology partnership
June 27, 2005
U.S. based WMS Gaming Inc., a subsidiary of public company WMS
Industries Inc. has entered into wide ranging technology transfer
agreements with software developer Cyberscan / Cyberview Technology
Inc. in a five year deal worth $15 million.
WMS will get the latest versions of Cyberview's server-based and
downloadable gaming systems and related technologies. The non-exclusive
agreement also give WMS the right to create derivative versions
of these systems and to use, sell, lease, export or distribute the
Cyberview technologies in all gaming markets.
In addition, Cyberview has granted WMS a non-exclusive, perpetual,
irrevocable, worldwide license to its technology patent portfolio
related to server-based gaming. Cyberview will provide WMS' system
technology team with initial technical and functional support to
enable WMS to operate and further develop these technologies.
The deal includes a five-year agreement for WMS to license certain
of its game content to Cyberview on a royalty-based, recurring revenue
basis for use in lottery and other non-casino markets outside of
North America.
Cyberview will be paid total cash consideration of $15 million over
2 years for these agreements and WMS has been granted rights of
first refusal relating to common shares of Cyberscan Technology
held by Jean-Marie Gatto and Sylvie Linard.
Cyberview designs and develops server-based game downloads that
have been certified by Gaming Laboratories International, Inc. for
use in domestic Class III casinos. In addition, Cyberview won a
first-place award for Best Productivity-Enhancement Technology at
the Global Gaming Business Gaming and Technology awards in November
2004 and recently received the Gold Award for product innovation
for both its Downloadable Games Platform and Games Activation Scheduler
as displayed at the gaming industry's most prestigious trade show,
G2E, in October 2004.
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