Quixant PLC Trading Update (5149M)
January 21 2016 - 2:00AM
UK Regulatory
TIDMQXT
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: +44 (0) 1223 892696
Nick Jarmany, Chief Executive
Jon Jayal, General Manager
Nominated Adviser and
Broker:
finnCap Ltd Tel: +44 (0) 20 7220 0500
Matt Goode (Corporate
Finance)
Grant Bergman (Corporate
Finance)
Simon Johnson (Corporate
Broking)
Financial PR:
Alma PR
John Coles Tel: +44 (0) 7836 273
660
Hilary Buchanan Tel: +44 (0) 7515 805
218
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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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