RFID Patent Purchase: Shuffle Master, Inc. Purchases RFID Patents

From Business Wire (press release), CA ... today that it has purchased two patents owned by ENPAT, Inc., US patent numbers 5,735,742 and 5,651,548, which relate to the use of RFID technology at gaming ...

... Shuffle Master, Inc. (NASDAQ National Market: SHFL) announced today that it has purchased two patents owned by ENPAT, Inc., U. S. patent numbers 5,735,742 and 5,651,548, which relate to the use of RFID technology at gaming tables and throughout a casino. Under the terms of the agreement, Shuffle Master has agreed to pay ENPAT $12.5 million in cash, with an initial payment of $2.4 million and the balance to be paid over a three-year period. Shuffle Master previously announced on October 21, 2004 that it had entered into an option and exclusivity agreement with ENPAT for the purchase of the aforementioned RFID patents. ...