Business
Mass production order for gaming cabinet solutions
Mass production order for gaming cabinet solutions.
About this update from Nexteq Plc
[{"type":"text","content":"\n \n \n \n The information contained within this announcement is deemed by the Company to constitute inside information pursuant to Article 7 of EU Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 as amended.\n \n \n \n 1 September 2022\n \n \n Quixant plc\n \n (\"Quixant\" or the \"Group\")\n \n \n First mass production order for Quixant's gaming cabinet solutions\n \n \n \n \n \n \n \n \n \n \n \n Quixant (AIM:QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries\n , is pleased to announce it has received its first mass production order, valued at c. $4m, for its new range of turnkey gaming cabinet products. Quixant's customer will integrate their game software to our turnkey gaming cabinet solutions to launch a new\n machine to the North American market. The first shipments under this order are expected to commence in December 2022 followed by further deliveries in 2023, underpinning our growth expectations.\n \n \n \n \n \n Quixant's turnkey cabinet products expands the Group's range of outsourcing solutions for the gaming sector by combining the Group's proven computer platform and monitor technology with a complete cabinet solution. As a full turnkey product, customers are now able to focus exclusively on game software development, the most critical driver of their commercial success, by streamlining the outsourcing of hardware design and procurement entirely to Quixant.\n \n \n \n \n \n \n Jon Jayal, CEO of Quixant, commented\n \n : \"We're delighted to be supporting our customers in bringing their new product offerings to market through use of our turnkey gaming cabinet solutions. 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.\n \n \n \n \n \n \n \n \n A key strategic priority for the Group has been on further deepening our customer relations...