Trading Update and Notice of Results

RNS Number : 4121K

Quixant PLC

30 July 2013

 



30 July 2013

Quixant plc

("Quixant" or the "Company")

Trading Update and Notice of Results

Quixant (AIM:QXT), a leading provider of specialised computing platforms for casino gaming and slot machine applications, is pleased to announce its trading update for the six month period ended 30 June 2013. The results are in line with market expectations for the full year ending 31 December 2013.  As stated in the Company's admission document published in May 2013, whilst the Company does not experience pronounced seasonality, revenues tend to be higher in the second half of the financial year.  The Company expects its interim results for the six months ended 30 June 2013 to follow this pattern. 

The Company expects to announce its interim results for the six months ended 30 June 2013 during the week commencing 9 September 2013.

Nick Jarmany, CEO of Quixant, commented: "Our business continues to develop well, as envisaged at the time of the flotation in May 2013. Quixant has a reliable base of repeat custom due to the long life of its hardware and software, and expects to continue to gain market share. The flotation proceeds and a heightened profile as a public company fully underpin our growth plans. I look forward to updating the market on our progress in our maiden interim results as a listed company."

For further information please contact:

Quixant plc	Tel: [phone]
Nick Jarmany, Managing Director
Jon Jayal, General Manager
Nominated Adviser and Broker:
Smith & Williamson Corporate Finance Limited	Tel: [phone]
Azhic Basirov, Siobhan Sergeant, Oliver Cummings
Financial PR:
Newgate Threadneedle	Tel: [phone]
John Coles, Fiona Conroy, Hilary Millar

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 currently has a total of 56 employees and is headquartered outside of Cambridge in the UK, with its global sales team, finance, marketing and administrative functions based at its head office. Its US subsidiary, based in Las Vegas, 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, houses the Group's software engineering and customer support team. 

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.

 

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