Nektan PLC NEKTAN SIGNS FIRST PLATFORM AGREEMENT (2685U)
23 October 2017 - 5:00PM
UK Regulatory
TIDMNKTN
RNS Number : 2685U
Nektan PLC
23 October 2017
23 October 2017
NEKTAN PLC
("Nektan", the "Company" or the "Group")
SIGNS FIRST PLATFORM AGREEMENT
Nektan plc (AIM: NKTN), a leading international B2B gaming
solutions and services provider, has significantly boosted its
global presence by signing its first global platform deal for its
Evolve Lite gaming system with Malta based gaming company Tyche
Digital Malta Limited ("Tyche").
Under the terms of the agreement, Tyche will integrate Nektan's
games aggregation platform into the multiple global markets in
which it operates and will be responsible for localised licensing.
Several of Nektan's current games partners will contract via Nektan
into the aggregation platform. The solution is expected to be live
and starting to generate income this year.
Gary Shaw, Interim Chief Executive Officer of Nektan, said:
"We are very pleased that our platform has been chosen by Tyche,
which further confirms Nektan's evolution into an international B2B
business. Our platform has been built to be applied quickly with no
dependence on geographic location, which was a primary driver in
Tyche's decision to partner with us. We anticipate significant
growth potential in these new markets with new revenue flows
expected to commence before the end of this calendar year."
Vyacheslav Grzhybovsky Chief Technology Officer of Tyche
said:
"Our decision to work with Nektan was determined by the Evolve
platform which allows for quick integration into existing operators
who require high quality content. Nektan has both the platform and
the content, but the determining factor was its speed of delivery
and integration, something which sets Nektan apart from the
majority of current gaming platforms."
For further information on the Group, please contact:
Nektan via Newgate below
Gary Shaw, Interim Chief Executive
Officer
Patrick Sinclair, Chief Financial
Officer
Stockdale Securities Limited
Tom Griffiths / Ed Thomas +44 20 7601 6100
Newgate (PR Adviser) +44 20 7680 6550 / + 44 7747 113
James Benjamin 930
Email: nektan@newgatecomms.com
Further information on Nektan can be found on the Group's
website at www.nektan.com
About Nektan:
Nektan is a leading international B2B mobile gaming solutions
and services provider, operating in the regulated, interactive real
money gaming (RMG) gaming space, delivering original and innovative
solutions to commercial organisations that have established online
audiences.
Nektan's full end-to-end technology platform, Evolve, simplifies
and supports the route to mobile and desktop gaming revenues,
managing the full customer experience and back-office operations,
allowing commercial partners to focus on marketing the product to
their consumers.
Nektan's US operating subsidiary, provides US land-based casinos
with in-venue mobile gaming solutions which allow operators to add
mobile technology and content to their existing offerings, with
products accessible to players across both cabinets and mobile
devices inside the casinos. Respin has a strong intellectual
property portfolio including game patents for Rapid Games(TM)
(on-property mobile entertainment), and other captivating concepts
and brands.
Nektan is headquartered in Gibraltar, regulated by the Gibraltar
Licensing Authority and the UK Gambling Commission, as well as in
the Irish market and maintains sales and customer support
operations in its two primary geographical targets, Europe and
North America. The proprietary Evolve technology is developed and
maintained by a talented and experienced team of employees from
Nektan's Indian office.
Nektan plc was admitted to the AIM market of the London Stock
Exchange in November 2014.
About Tyche:
Tyche is an international gaming platform operator, further
information can be found on the company's website at
www.tychemalta.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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