QXT.L Regulatory News (QXT)

21 April 2015

RNS REACH

Quixant plc

("Quixant" or the "Company")

Quixant receives Queen's Award for Enterprise

Quixant (AIM: QXT), a leading provider of specialised computing platforms for casino gaming and slot machine applications, is delighted to today be confirmed as a winner of the Queen's Award for Enterprise, the UK's highest accolade for business success.

Quixant receives the award for International Trade, specifically for outstanding sales growth over the last three years. In 2014 Quixant generated revenues of US$31.9m, an increase of 32% over 2013, shipping 28,500 products to its global customer base. Quixant is uniquely positioned to capitalise on the growing trend amongst gaming machine manufacturers of outsourcing the computer platforms used to power their machines.

Commenting on receiving the Queen's Award, Nick Jarmany, CEO of Quixant, said: "When we founded Quixant in 2005 we were confident there was strong international demand for our product. However, even we did not foresee the growth we have achieved over the last few years and for this to be recognised with a Queen's Award is fantastic.

"Our success is due to the quality of our products and service we provide, and this Award recognises the skill and dedication of all our employees who year after year enable us to achieve great results."

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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 in Balsham, just 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 Srl, 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.