Quixant PLC - Cambridge-based technology outsourcer for gaming industry - Receives first mass production order for its new range of turnkey gaming cabinet products, worth around USD4 million.
New customer will use Quixant's cabinet products to launch a new machine in the North American market. First shipment under the order is expected to start in December, with further deliveries scheduled in 2023.
"Receipt of our first mass production order demonstrates how our customers entrust Quixant as a key outsource partner for core operations. Amid the challenges in supply chains, the development of our turnkey cabinet solutions was a natural extension in hardware outsourcing for customers, leveraging our network and deep industry know-how to free them up to focus on game development which has the greatest impact in driving growth in their business," says Chief Executive Officer Jon Jayal.
Current stock price: 152.00 pence, up 3.8% on Thursday
12-month change: down 14%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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