Nektan 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, please contact:
Gary Shaw, Interim Chief Executive Officer
Patrick Sinclair, Chief Financial Officer
via Newgate below
Stockdale Securities Limited
Tom Griffiths / Ed Thomas
+44 20 7601 6100
Newgate (PR Adviser)
+44 20 7680 6550 / + 44 7747 113 930
Further information on Nektan can be found on the Group's website at www.nektan.com
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, Respin LLC, 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™ (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.