Trading Update and Notice of Results

RNS Number : 2680V

Quixant PLC

27 January 2017

 

27 January 2017

Quixant plc

("Quixant" or the "Group")

Trading Update and Notice of Results

Quixant (AIM: QXT), a leading provider of innovative, highly engineered technology products principally to the global gaming industry, is pleased to provide the following update on trading for the year ended 31 December 2016.

Quixant confirms that trading for the twelve months is expected to be in line with current market expectations.

Nick Jarmany, CEO of Quixant, commented: "We have had an outstanding year enjoying strong growth across all of our product ranges. Sales of our core gaming platforms continued to build through the year, resulting in record sales, and demand for gaming monitors exceeded our expectations. Densitron continued to perform extremely well during the year.

I am very pleased with growth in customer numbers including the largest global manufacturers for our gaming platforms which gives us confidence that we can continue to grow sales in the long term.  The Group has started 2017 well with continued growth."

The Company's results for the full year to 31 December 2016 are expected to be announced on 22 March.

The information communicated in this announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

For further information please contact:

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

About Quixant

Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally for the global gaming industry. The Company is headquartered in Cambridge in the UK where the global sales function is based. North America sales and sales support is run from their subsidiary in Las Vegas. Quixant has its own manufacturing and engineering operation based in Taiwan and software engineering and customer support team based in Italy.

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 sales team, Quixant has a robust platform to build its business into wider industrial markets. In-depth information on the Company's products, markets, activities and history can be found on the corporate website at www.quixant.com. 

 

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