About

Nexteq plc (formerly Quixant plc) is a B2B technology company that enables customers in selected industrial markets to outsource the design, development and supply of non-core aspects of their product offering.

We select markets which are undergoing a technology evolution which require products and solutions that are not fully addressed by other generalist technology businesses. With a high degree of focus, we are experts in these selected industries, both commercially and technologically. As a result, we not only offer solutions to customers’ known challenges, but also drive innovation to improve their products as well.

About

Nexteq plc (formerly Quixant plc) is a B2B technology company that enables customers in selected industrial markets to outsource the design, development and supply of non-core aspects of their product offering.

We select markets which are undergoing a technology evolution which require products and solutions that are not fully addressed by other generalist technology businesses. With a high degree of focus, we are experts in these selected industries, both commercially and technologically. As a result, we not only offer solutions to customers’ known challenges, but also drive innovation to improve their products as well.

By partnering with us, businesses can focus on driving their success, relying on our innovative products and global engineering expertise to address the rest.

Our engineering capabilities span a broad range of disciplines, including hardware and software design, display technology, industrial design, and mechanical engineering, giving us the unique ability to engineer turnkey solutions for the benefit of our customers.

But Nexteq’s value proposition goes far beyond the quality of our product offering and the creativity of our global engineering teams. Our Far Eastern sourcing, manufacturing and logistics operation, including a thriving hub in Taiwan, grants us local access to Far Eastern electronics markets and insight into their complex supply chain dynamics. In turn, this enables us to protect customers from volatility when it comes to component availability.

business model and growth strategy

Business Model

Nexteq is primarily a hardware product business, operating as a technology design and supply chain partner to customers in selected industrial markets. Key value attributes of the hardware we supply include firmware embedded within the product, software included as standard, and unparalleled service when it comes to integration support, supply chain management, logistics and after sales support.

Typically, our B2B customers integrate our solutions with their own intellectual property, to bring exceptional finished goods to market. By outsourcing elements of their technology stack to Nexteq, our customers can focus their product development effort on the most critical drivers of their business’ success.

The Group generates revenue each time a customer purchases one of its products for integration into their solutions. The closely integrated nature of our products with customers designs, sometimes including software we have developed, drives a repeatability in our revenue. This characteristic is strengthened by the regulations in some of the markets in which we operate.

We select markets in which there’s a technology evolution occurring, which require products and solutions that are not fully addressed by other generalist technology businesses. With considerable focus, we’re able to become experts in these industries, both commercially and technologically. As a result, we not only offer solutions to customers’ known challenges, but also drive innovation to improve their products as well.

Growth Strategy

The Group serves as an outsource technology and supply chain partner for major global industrial electronic equipment manufacturers, with a focus on specific vertical markets. The Group combines hardware, software, display and mechanical engineering expertise, a global sales network with in-depth industry knowledge and a Far Eastern manufacturing base making it the ideal global strategic technology provider.

The Group’s origins are in its highly respected Quixant brand of specialised computer platforms, which are designed to power machines in the global casino gaming and slot machine market. These computer platforms, which are supplied to electronic gaming machine manufacturers installed in casinos and other gaming venues globally, combine optimised hardware and software elements to address the specialist needs of this highly regulated market. By outsourcing their computer platform to Quixant, manufacturers can focus their R&D on the game design, which has the greatest impact on their commercial success. They are also able to bring new products to market quicker.

A key objective is for the Group to diversify its revenue across more customers, product offerings and vertical markets. The Group seeks to achieve this objective through its Densitron business. Densitron has a 52-year pedigree in supplying display components to a wide range of industrial sectors, from which the Board has selected sectors in which there is the opportunity to develop tailor-made products, which are different to those readily available from broad-based technology corporations. We believe the Broadcast market represents such an opportunity, in which we have developed unique solutions which revolutionise the human machine interaction and control of Broadcast equipment.

Step 1
Identify vertical

Identify and target verticals that don’t currently benefit from the expertise of specialist solution outsource providers.

Step 2
Customer acquisition

Acquire new customers in our chosen target market segments, further diversifying Nexteq’s revenue base.

Step 3
Product innovation

Focused R&D to move up the value chain through a combination of hardware and software technology.

Step 4
Value expansion

Increase our share of customer spend by providing additional outsource solutions that enable us to become a fully integrated technology partner.

Step 5
M&A

From time to time, the business may complement its organic growth strategy with strategic acquisitions that enhance the Group’s technical capabilities and market reach.

our brands

Densitron services the broad industrial marketplace as a specialist in Human Machine Interaction. It brings innovative displays, control surfaces, and control systems to a wide range of global industrial markets.

Through Densitron, we aim to execute our business strategy of diversifying into new sectors and migrating up the value chain within those sectors. The broadcast sector has been identified as a particular market of focus, and Densitron technology is already revolutionising the control of devices in this sector bringing the advantages of touchscreens while overcoming the challenges encountered in using them.

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Quixant is focused on the casino gaming and slot machine markets, designing, developing and manufacturing gaming platforms and display solutions for this thriving sector.

Through Quixant, major gaming video slot manufacturers can outsource those aspects of their machines that offer limited commercial differentiation, including the computer platform and low-level software. Recently, Quixant has also launched a range of turnkey cabinets that enable customers to exclusively focus their research and development resources on game design, which is critical to enhancing the player experience – and in turn, our customers’ commercial success.

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our history

Quixant, which was subsequently rebranded as Nexteq was founded in 2005, but the Densitron business, which was acquired in 2015 has origins in Japan in the 1970s. The company has evolved dramatically over this period, both through organic growth in the business and acquisition. Customer centricity and a thriving global working environment remain at the heart of the business.

Board of Directors

The Board is responsible for the overall governance and strategy of the business, ensuring our obligations to shareholders and other stakeholders are met.

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