Trading Update

RNS Number : 5149M

Quixant PLC

21 January 2016

 

Quixant plc

("Quixant" or the "Company")

Trading Update

Quixant (AIM: QXT), a leading provider of specialised computing platforms for gaming and slot machine applications and accessories, today announces an update on trading for the year ended 31 December 2015.

The Board is pleased to confirm that profitability over the 12 months ended 31 December 2015 was comfortably in line with market expectations.

Nick Jarmany, Chief Executive of Quixant, commented: "I am delighted we have achieved the strong growth of profit expected by the market. We also completed the acquisition of Densitron in November, which provides us with a widened global footprint and exposure to a range of industrial markets. I am pleased with progress in the 2 months since they were acquired.

"The Company has started 2016 well, with a healthy order book.  This underpins our confidence in achieving market expectations for 2016."

For further information please contact:

Quixant plc	Tel: [phone]
Nick Jarmany, Chief Executive
Jon Jayal, General Manager
Nominated Adviser and Broker:
finnCap Ltd	Tel: [phone]
Matt Goode (Corporate Finance)
Grant Bergman (Corporate Finance)
Simon Johnson (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 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.

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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