Trading Update and Notice of Results

RNS Number : 8231M

Quixant PLC

21 July 2014

 

21 July 2014

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 an update on trading for the six month period ended 30 June 2014.  Trading over the first six months of the year was in line with management's expectations

The Company's interim results for the six months ended 30 June 2014 are expected to be announced on 15th September 2014.

Since period end, Quixant has secured a significant project with a Tier 1 customer, following a lengthy period of development.  Deliveries are expected to commence early next year, underpinning our current growth expectations for 2015. 

Nick Jarmany, Chief Executive of Quixant, commented: "We are pleased with our progress over the year to date, in particular the partnership announced today with a Tier 1 customer.  This represents a significant milestone in the development of the business." 

For further information please contact:

Quixant plc	Tel: [phone]
Nick Jarmany, Chief Executive
Jon Jayal, General Manager
Nominated Adviser and Broker:
finnCap	Tel: [phone]
Matt Goode (Corporate Finance)
Charlotte Stranner (Corporate Finance)
Victoria Bates (Corporate Broking)
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 is headquartered 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, 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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