Board Appointment

RNS Number : 6177B

Quixant PLC

20 June 2016

 

Quixant plc

("Quixant" or the "Company")

Board Appointment

Quixant (AIM: QXT), a leading provider of specialised computing platforms and monitors for gaming and slot machine applications, is pleased to announce the appointment of Jon Jayal to the Board as Chief Operating Officer.

Jon was one of the founders of Quixant in 2005 and helped to design the Company's first product. Following a period working in the investment industry with Mercer and BlackRock, he re-joined Quixant in 2012 as General Manager and is a Director of Quixant UK Ltd. Jon is a Chartered Financial Analyst.

Nick Jarmany, CEO of Quixant, commented: "I am delighted that Jon is joining the Board. His understanding of our market, products, technology and customers coupled with his knowledge of the City makes him an invaluable member of our team. Having created and managed the implementation of many of our systems and processes Jon has a deep understanding of the company. I have no doubt that our Board is strengthened by his appointment."

The following information regarding Jonathan Francis Jayal, aged 34, is required to be disclosed under Schedule 2(g) of the AIM Rules for Companies:

Other directorships held:

Current:	Within the last five years:
Quixant UK Limited Densitron Technologies Limited	nil

Mr Jayal holds 510,200 options over ordinary shares of 0.1 pence in the capital of the Company.

There are no further disclosures to be made under Schedule 2(g) of the AIM Rules.

For further information please contact:

Quixant plc	Tel: [phone]
Nick Jarmany, Chief Executive
Nominated Adviser and Broker:	Tel: [phone]
finnCap
Matt Goode / Grant Bergman (Corporate Finance)
Simon Johnson / Alice Lane (Corporate Broking)
Financial PR:
Alma PR
John Coles	Tel: [phone]
Hilary Buchanan	Tel: [phone]

About Quixant

Quixant, founded in 2005, designs and manufactures complete advanced hardware and software solutions (Gaming Platforms) for the pay-for-play gaming and slot machine industry. The Company is headquartered in Balsham, just outside of Cambridge in the UK. Quixant UK Ltd is responsible for the Group's global (excluding North America) sales function and its Las Vegas based subsidiary, Quixant USA Inc, is responsible for sales and sales support to the North American market. Quixant has its own manufacturing and engineering operation in Taiwan, which has evolved with the rapid growth of the Company. Quixant's Italian subsidiary, Quixant Italia srl, houses the Group's software engineering and customer support team. Quixant Deutschland GmbH is a centre of excellence for Quixant's gaming monitor products.

Quixant's high quality, specialised products provide an all-in-one solution, based on PC technology but with augmentative hardware features and operating software developed specifically to address the requirements of the gaming industry. Products feature innovative mechanical designs which are optimised for operation in the gaming and slot machine environment. Quixant's proprietary hardware and embedded software is flexible in its design, enabling Quixant to easily respond to changes in regulation or customers operating in different markets or jurisdictions.

In November 2015 Quixant acquired Densitron Technologies plc. Densitron has a strong heritage in the sale of electronic display solutions to global industrial markets. Through Densitron's experienced global sales team, Quixant has a robust platform to deliver its computer products to industrial markets outside gaming.

 

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