Trading Update and Notice of Results

RNS Number : 6825C

Quixant PLC

21 January 2015

 

21 January 2015

Quixant plc

("Quixant" or the "Company")

Trading Update and Notice of Results

Quixant (AIM: QXT), a leading provider of specialised computing platforms for gaming and slot machine applications, today announces an update on trading for the year ended 31 December 2014.

The Board is pleased to announce that trading over the twelve months ended 31 December 2014 was in line with market expectations

Nick Jarmany, Chief Executive of Quixant, commented: "We expect to report strong growth in both revenues and profit for the year to 31 December 2014 in line with market expectations.  Progress with new customers in the second half continued as anticipated, underpinning our growth expectations for 2015. Overall, we are pleased at progress in securing significant new business in 2014."

Notice of Results

Quixant will announce their final results for the year ended 31 December 2014 on Tuesday, 24 March 2015.

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]
Tim Thompson, Adam Lloyd, Jaspar Randall

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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