Company Announcements

13 September 2022

Quixant plc

("Quixant" or the "Group")

Appointment of Non-Executive Directors

Quixant (AIM:QXT), a leading provider of innovative, highly engineered technology products principally for the global gaming and broadcast industries, is pleased to announce the appointments of Carol Thompson and Duncan Penny to the Board as independent Non-Executive Directors, effective  12 September 2022.

Carol Thompson brings to Quixant significant finance expertise following a 20-year career in senior finance roles in both private and public companies, as well as strong technology industry experience. Between 2011 and 2015 she held the position of Chief Financial Officer at SSP plc, a global software company. Prior to SSP plc, she was Chief Financial Officer at Electricity North West, and has also served as Group Finance Director at The Tote and IT and Finance Director at Stanley Leisure plc. Carol is currently a Non-Executive Director at Maintel Plc, where she is Senior Independent Director and Chair of the Audit Committee, and Foresight Williams Plc, where she is Chair of the Audit Committee. Carol also acts as a strategic and transaction advisor to private equity.  Carol is a Fellow of the Chartered Institute of Management Accountants.

Duncan Penny has an exceptional track record of scaling businesses and delivering shareholder value. Duncan served as Chief Executive Officer at XP Power from February 2003 to December 2020 and was previously its Finance Director from April 2000 to 2003. He led the business through transformational growth to being a constituent of the FTSE 250 with a market cap in excess of £1bn.  Duncan also served as a non-executive director on the board of Videndum plc (formerly The Vitec Group plc) until May 2022.  Earlier in his career, Duncan held senior roles with Dell Computer Corporation and LSI Logic Corporation. Duncan has an MA in Chemistry from Oxford University. 

Francis Small, Chair of Quixant plc, commented: "We are delighted to have attracted two people of Carol and Duncan's calibre to the Board of Quixant. Both bring a specialised skillset to the Group, and a combined wealth of experience in finance and technology roles at both executive and non-executive levels. I look forward to working with both Carol and Duncan and to their valuable input as we execute our long-term strategic goals."

About Quixant

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.

AIM Rules, Schedule 2(g) disclosures:

The following disclosures are made in accordance with Schedule 2(g) of the AIM Rules:

Neither Carol Thompson nor Duncan Penny has any beneficial interest in the ordinary shares of the Company.

There is no further information disclosable in respect of Carol Thompson or Duncan Penny pursuant to Schedule 2(g) of the AIM Rules for companies.