4 June 2018
("Nektan", the "Company" or the "Group")
Nektan partners with Tyche Digital to support the launch of cryptocurrency online casino operators
Nektan plc (AIM: NKTN), an international B2B and white label gaming software and services provider, announces a further agreement with Tyche Digital, its Malta based gaming partner, to deliver Nektan's Evolve Lite gaming platform ("E-Lite") into global cryptocurrency online casino operators. Two initial deals with online casino operators (the "Operators") have already been secured by Tyche Digital.
The Operators will be utilising Nektan's E-Lite platform to provide their customers with premium casino content from world-leading game suppliers, incorporating the latest promotional functionality. All parties expect the partnership to be live and transacting before the end of July 2018.
Gary Shaw, Interim Chief Executive Officer of Nektan said:
"Nektan has long recognised that the cryptocurrency space is becoming an increasingly important part of the global e-gaming industry. Our E-Lite platform has been designed with flexibility in mind, to be adjusted seamlessly in order to meet the changing needs of our customers.
We are delighted that Tyche has again chosen Nektan to support its expanding business. This agreement clearly demonstrates the versatility of our technology, our ability to evolve and to deliver product innovations with speed."
For further information on the Group, please contact:
Gary Shaw, Interim Chief Executive Officer
Patrick Sinclair, Chief Financial Officer
+44 20 3463 8735
Stockdale Securities Limited (Nominated Advisor and Joint Broker
Tom Griffiths / Ed Thomas
+44 20 7601 6100
Smaller Company Capital Limited (Joint Broker)
Rupert Williams / Jeremy Woodgate
Newgate (PR Adviser)
+44 20 3651 2911
+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 an international B2B and white label gaming software and services provider, operating in the regulated, interactive real money gaming (RMG) 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™ (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.