Ingenio, the research and development subsidiary of Loto-Québec, and Pollard Banknote Limited Partnership ("Pollard Banknote"), a major gaming and lottery supplier serving more than 45 lottery companies, have signed a new long-term agreement to explore emerging business opportunities in the lottery world.
The new agreement extends a partnership between the organizations that dates back to 2000, updating terms to better reflect evolving processes, procedures, and capabilities. The agreement includes the use of Ingenio's patents for interactive lottery games with a pre-determined outcome.
"Ingenio and Pollard Banknote are equally confident about the position to be staked out by the new products developed based on the resources offered by new technologies," explains Nathalie Rajotte, Director General of Ingenio. "This shared vision favours the creation and release of lottery products that take the entertainment experience a little further, for the benefit of the players."
The agreement is consistent with Pollard Banknote's commitment to launch innovative lottery games that enhance the lineup of products the company brings lotteries and their players, says Gordon Pollard, Co-Chief Executive Officer, Pollard Banknote.
"In reaffirming our agreement with Ingenio, we continue to enjoy access to the organization's creative thinking and its proven ability to develop novel gaming and entertainment products."
About Ingenio
Ingenio, a subsidiary of Loto-Québec, is primarily involved in the research and development of new gaming products and marketing channels worldwide. These past few years, Ingenio has been recognized for its originality and the quality of its interactive multimedia lottery game graphics, as well as for its use of new technologies in the improvement of traditional entertainment products. The subsidiary works in close cooperation with several major partners in casino and lottery spheres. For more information, go to http://www.ingenio-quebec.com.
About Pollard Banknote
Pollard Banknote is one of the world's leading full-service lottery vendors and is a major supplier to North America's charitable gaming industry. The firm manufactures instant tickets and provides related programming, design, and marketing support. As well, Pollard Banknote manufactures ticket vending machines, pull tab tickets and bingo paper, and supplies lottery management services (including warehousing and distribution). Established in 1907, the firm is owned by the Pollard family and the Pollard Banknote Income Fund and currently serves more than 45 lotteries worldwide, including some of the largest and most respected lotteries in the United States, Canada, Europe, Asia, and Central and South America.
About Pollard Banknote Income Fund
Pollard Banknote Income Fund (TSX: PBL.UN) is an unincorporated, open-end trust which owns 26.7% of Pollard Holdings Limited Partnership, which in turn owns Pollard Banknote Limited Partnership.
Forward-Looking Statements
This press release may contain forward-looking statements relating to expected future events and financial and operating results of the Pollard Banknote Income Fund ("the Fund") or Pollard Holdings Limited Partnership that involve risks and uncertainties. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties detailed from time to time in the Fund's periodic reports and registration statements filed with the Canadian securities regulatory authorities. Due to the potential impact of these factors, the Fund disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.
For further information: Jean-Pierre Roy, Media Relations Department, Loto-Québec, (514) 499-5151; Gordon Pollard, (gpollard@pbl.ca) or John Pollard, (jpollard@pbl.ca), Co-Chief Executive Officers, (204) 474-2323, www.pollardbanknote.com
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