22 May 2023

Nexteq plc (previously Quixant plc)

("Nexteq", the "Company" or the "Group")

Change of Name to Nexteq plc

Empowering technology

The Company confirms that its change of name to Nexteq plc has now been completed.

It is expected that the change of name will take effect on the AIM market of the London Stock Exchange from 8:00am today and the Company's TIDM will change to "NXQ". The Company's current ISIN and SEDOL will remain the same. Shareholders are unaffected by the change of name and existing share certificates should be retained and remain valid. Any new share certificates issued will bear the name Nexteq plc.

The Company's website containing the information required by AIM Rule 26 has changed to www.nexteqplc.com.

Jon Jayal, Chief Executive Officer of Nexteq plc, commented: "Quixant was founded in 2005 as a specialist outsourced computer technology provider for the Gaming industry. Today we are more than 230 employees supplying a diversified range of technology products into multiple sectors, and we believe the strategy which drove our success to date can be applied to other sectors, a journey which we have already started in Broadcast. The change of name supports our multi-vertical growth strategy and better reflects our value proposition and vision for the Group as a whole, whilst maintaining our strong brand recognition within our chosen markets. We are excited about our next chapter as Nexteq plc."

About Nexteq plc

Nexteq (AIM: NXQ) is a leading technology partner to major global industrial equipment manufacturers. The Group's specialist outsourced solutions serve a range of selected end markets through its two divisions, Quixant and Densitron, enabling its customers to innovate where it matters most.

Nexteq consists of two distinct divisions, Quixant and Densitron, each with dedicated sales, account management and product innovation teams. Quixant designs and engineers gaming computers, software systems and accessories for the gaming and sports betting industries. Densitron produces a wide range of human machine interface hardware to global industrial markets, with key focus areas being the broadcast and medical sectors.  Nexteq has its own manufacturing and engineering operation based in Taiwan and global sales, engineering and operations teams located throughout North America, Europe and Asia..

Founded in 2005, and later floating on the London Stock Exchange's AIM stock market as Quixant plc, the Group rebranded to Nexteq in 2023 to reflect the increasing diversification of the business. Headquarted in Cambridge, Nexteq has over 230 employees.

Further information on Nexteq and its divisions can be found at www.nexteqplc.com.