NORTH LAS VEGAS, Nev., May 23, 2016 /PRNewswire/ -- Gaming Partners International Corporation (NASDAQ: GPIC) and Walker Digital Table Systems (WDTS), LLC, have announced that they are expanding their working relationship to develop and enhance their PJM Radio Frequency Identification Device (RFID) technologies. RFID is utilized in a variety of table game applications, including gaming currency and table game solutions.
"We are excited that WDTS and GPIC will collaborate on the development and distribution of PJM RFID technology and applications," said Neil Crossan, Senior Vice President - WDTS. "Being the largest supplier of RFID technology, GPIC has a wealth of experience in the field, and this together with the innovation that WDTS brings to the gaming floor will serve the industry well."
"GPIC is looking forward to its expanded collaborative efforts with WDTS and combining our experience in the development and delivery of RFID technologies," commented Gregory Gronau, GPIC's President and Chief Executive Officer. "An expanded working relationship offers the opportunity to capitalize on our respective core strengths and maximize our synergies into creating and developing value added products and solutions."
The companies anticipate that their collaboration will enhance the development time typically required to introduce and commercialize new and innovative PJM RFID offerings to the market. Both parties feel this is a big step forward in sustaining and growing a long-term, working partnership.
About Gaming Partners International Corporation (GPIC)
GPIC manufactures and supplies casino table game equipment to licensed casinos worldwide. Under the brand names of Paulson®, Bourgogne et Grasset®, Gemaco® and Bud Jones®, GPIC provides casino currency such as chips, plaques and jetons; playing cards; gaming furniture and table accessories; table layouts; dice; and roulette wheels. GPIC pioneered the use of security features such as radio frequency identification device (RFID) technology in casino currency and provides RFID solutions RFID readers, software and displays. Headquartered in North Las Vegas, Nevada, GPIC also has manufacturing facilities, warehouses and/or sales offices in Beaune, France; San Luis Rio Colorado, Mexico; Blue Springs, Missouri; Atlantic City, New Jersey; Gulfport, Mississippi; and Macau S.A.R., China. For additional information, please visit http://www.gpigaming.com.
About Walker Digital Table Systems, LLC
WDTS, LLC innovates and develops products for the Asian gaming market including the PJM3.0™ enabled Perfect Pay™ baccarat table system. Perfect Pay combines the accuracy, efficiency, and integrity of an electronic table game with the emotion and excitement of the live dealer table game experience. The Perfect Pay platform has accurately tracked tens of millions of live wagers in real time to deliver unprecedented business insight while maximizing the efficiency of table games operations.
Safe Harbor Statement
This release contains "forward-looking statements" based on current expectations that are inherently subject to known and unknown risks and uncertainties, such as statements relating to the integration of acquisitions; new product offerings; manufacturing capabilities and operational efficiencies; anticipated future sales or the timing thereof; fulfillment of product orders; the long-term growth and prospects of our business or any jurisdiction in which we operate; and the long term potential of the RFID casino currency solutions market and our ability to capitalize on any such growth opportunities. Actual results or achievements may be materially different from those expressed or implied. Our plans and objectives are based on assumptions involving judgments with respect to future economic, competitive and market conditions, the timing of and ability to consummate acquisitions, and future business decisions and other risks and uncertainties identified in Part I-Item 1A, "Risk Factors" of our Annual Report on Form 10-K for the period ended December 31, 2015, all of which are difficult or impossible to predict accurately and many of which are beyond our control and are subject to change. Therefore, there can be no assurance that any forward- looking statement will prove to be accurate.
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