Nektan PLC Supporting partner in cryptocurrency gaming

TIDMNKTN

Nektan PLC

04 June 2018

RNS Reach

4 June 2018

NEKTAN PLC

("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:

 
Nektan 
 Gary Shaw, Interim Chief Executive Officer 
 Patrick Sinclair, Chief Financial Officer    [phone] 
 
  Stockdale Securities Limited (Nominated 
  Advisor and Joint Broker 
  Tom Griffiths / Ed Thomas                     [phone] 
 
  Smaller Company Capital Limited (Joint        [phone] 
  Broker) 
  Rupert Williams / Jeremy Woodgate 
                                                [phone] / +44 
  Newgate (PR Adviser)                          7747 113 930 
  James Benjamin                                [e-mail] 
 

Further information on Nektan can be found on the Group's website at www.nektan.com

About Nektan:

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(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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

NRASSSSUDFASESM

(END) Dow Jones Newswires

June 04, 2018 02:00 ET (06:00 GMT)