6 May 2021
("Quixant" or the "Group")
The Annual General Meeting ("AGM") of Quixant (AIM:QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries, will be held today at 11:00am at the Group's offices at The Galleria, Station Road, Crawley, RH10 1WW.
At the AGM, Quixant Chairman, Michael Peagram, will make the following statement on current trading:
"We have continued to see healthy demand for our products across the business consistent with that communicated in the announcement of our financial results for FY2020 on 14 April 2021. Order intake remains strong, providing us with further improved order coverage for our internal full year budget. The global shortage of semiconductors is impacting many industries, including our own, and remains a risk we are continuing to manage.
"This is my last AGM as Chairman of Quixant as I retire after nine years of service. I am leaving Quixant in a strong position after successfully weathering a year when our key market was heavily disrupted by the COVID-19 pandemic. With the global gaming market seeing a restoration in demand and new opportunities in the near term, Quixant is in a stronger position than ever to resume its record of profitable growth. I am confident my Board colleague, Francis Small, who is taking over as Chairman from today, will help steer the Group to continued success."
Shareholders unable to attend the AGM should join by conference call on +44 20 3443 9854; Conference ID 541 260 050 by 10:45am at the latest to enable Quixant to confirm their identity.
Jon Jayal, Chief Executive Officer
Andrew Jarvis, Interim Chief Financial Officer
Tel: +44 (0)1223 892 696
Nominated Adviser and Broker:
Matt Goode / Simon Hicks (Corporate Finance)
Alice Lane (ECM)
Tel: +44 (0) 20 7220 0500
Canaccord Genuity Limited
Simon Bridges / Andrew Potts
Tel: +44 (0) 20 7523 8000
John Coles / Hilary Buchanan / Kieran Breheny
Tel: +44 (0)20 3405 0205
Quixant, founded in 2005, designs and manufactures highly optimised computing solutions and monitors principally for the global gaming and broadcast industries. The Company is headquartered in Cambridge in the UK, with offices throughout Europe, North America and Asia. Quixant has its own manufacturing and engineering operation based in Taiwan and software engineering and customer support teams based in Italy and Slovenia. All the specialised products software and manufacturing are produced in-house and Quixant owns all its own IP some of which is protected by patents and design rights.
In November 2015 Quixant acquired Densitron Technologies plc. Densitron has a strong heritage in the sale of electronic display solutions to global industrial markets. Through Densitron's experienced sales team, Quixant has a robust platform to build its business into wider industrial markets. In-depth information on the Company's products, markets, activities and history can be found on the corporate website at www.quixant.com.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the company's obligations under Article 17 of MAR.