ELAUT NV AND ELAUT USA ANNOUNCE SETTLEMENT OF LAWSUIT

ELAUT NV AND ELAUT USA ANNOUNCE SETTLEMENT OF LAWSUIT AGAINST S&B ENTERTAINMENT FOR PATENT INFRINGEMENT

S&B ENTERTAINMENT LICENSES ELAUT LED TECHNOLOGY FOR THE LIFE OF THE PATENT

 

St. Louis MO November 7, 2018 – Elaut NV, the premier developer and manufacturer of superior arcade game machines, and it’s exclusive U.S. licensee and distributor, Elaut USA, Inc. (together, “Elaut”), announced today that Elaut reached a settlement of its lawsuit against S&B Entertainment, Inc. and St. Louis Game Company regarding Elaut’s patent for color-changing LED’s used in crane machines.  Elaut’s lawsuit claimed that S&B Entertainment and St. Louis Game Company infringed Elaut’s patent through the sale of certain crane machines.  As part of the settlement, Elaut granted S&B Entertainment and St. Louis Game Company a license to use Elaut’s LED patent for their full line of linked color-changing crane machines including the Neon World, Ticket World, Prize Rocket, Duck World, Carnival Crane and Route 66.  S&Bs license extends through their 2030 production year.

Eric Verstraeten, Managing Director of Elaut NV, stated that “the settlement of this lawsuit is good for both parties. We are pleased to extend the use of our technology to S&B, they have been long established with almost 3 decades of high quality crane production and are well known in the amusement industry for their innovation.” S & B was recently recognized as Innovator of the Year by the Amusement and Music Operators Association.

“S&B Entertainment clearly recognizes the value of this technology and acknowledges that Elaut devoted considerable resources to bring this revolutionary feature to the marketplace.”  Added Glenn Kramer, CEO of Elaut USA, “Elaut will continue to vigorously protect its intellectual property and will not hesitate to file suit against any party that infringes that patent or any other Elaut patent or trademark.”

Brian Riggles, principal and CEO of S&B Entertainment and St. Louis Game Company commented that “We have full respect for the intellectual property of other manufactures and devote considerable energy in protecting our own patents.  Together with Elaut we will identify potential infringments so we can protect our license and build on this unique technology for the next generation of cranes.  We are very pleased to have amicably resolved this matter with Elaut and to have been licensed under the patent.  We believe that color-changing LED’s enhance our machines and the player’s experience.”

The Elaut Group of companies has been providing amusement and gaming products to its customers around the world since 1959.  In addition to Elaut USA, the Elaut Group’s other U.S. companies include Benchmark Games International LLC and Coast to Coast Entertainment LLC.

S&B Entertainment pioneered the Win-Ever-Time crane in the early 90’sand through S&B Candy and St. Louis Game Companies have consistently provided innovative product mixes and high quality games for the amusement industry worldwide.

 

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