Nexteq PLC
26 August 2026
RNS Reach
26 August 2026
Nexteq plc
("Nexteq" or the "Group")
Strategic new customer win for Densitron
Design win with new customer for electric vehicle display solutions provides visibility of future production volumes and further diversifies end-market exposure
Nexteq (AIM: NXQ), a leading technology solutions provider to customers in selected industrial markets, is pleased to announce that Densitron, the Group's display and human machine interface technology brand, has won a new order from a new customer, a leading supplier of automotive electronics, for customised display solutions to be deployed within a new electric delivery vehicle application.
The new design win incorporates customised display engineering and specification refinement to meet the customer's specific display and interface requirements. Production is expected to commence in H2 FY2026, with production volumes anticipated to materially increase in the following three years as the customer's product rollout expands.
This design demonstrates Densitron's ability to translate its engineering expertise into customised, higher-value solutions for customers. The programme expands the Group's presence into the automotive sector, broadening its exposure across attractive industrial markets, and provides further evidence of successful pipeline conversion and growing engineering-led customer engagement in line with its strategic objectives.
Duncan Faithfull, Chief Executive Officer of Nexteq plc, commented: "This order is a strong demonstration of Densitron's ability to deliver tailored engineering solutions that address customers' specific technical requirements, enabling them to focus on their own product differentiation while outsourcing critical technology development and production to Densitron with confidence. This new customer diversifies our end-market exposure and supports our strategy of growing revenue across a broader range of industrial vertical markets through higher-quality, differentiated technology solutions.
Importantly, this provides a clear pathway to increasing production volumes as the customer moves towards mass production, creating a platform for future revenue growth in the automotive and transportation sector, and a potentially meaningful, long-term customer relationship. It is a positive signpost of the success of our strategy: expanding into new industrial markets, winning customers through our engineering capabilities, and building confidence as a trusted partner for outsourced, technically differentiated solutions."
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Nexteq plc Carol Thompson, Non-Executive Chair Duncan Faithfull, Chief Executive Officer Matt Staight, Chief Financial Officer |
Tel: +44 (0)1223 892 696 |
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Nominated Adviser and Broker: Cavendish Capital Markets Ltd Matt Goode / Edward Whiley (Corporate Finance) Harriet Ward (Corporate Broking) |
Tel: +44 (0) 20 7220 0500 |
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Financial PR: Alma Strategic Communications Hilary Buchanan / Emma Thompson |
Tel: +44 (0)20 3405 0205 |
About Nexteq
Nexteq (AIM: NXQ) is a strategic technology solutions provider to customers in selected industrial markets. Through innovative technology solutions, it enables manufacturers of global electronic equipment to outsource the design, development, and supply of non-core aspects of their product offering. By outsourcing elements of their technology stack to Nexteq, customers can focus their product development effort on the most critical drivers of their business' success.
The Group operates in six countries and services over 500 customers worldwide, and its solutions are delivered through a global sales team and leverage the Group's electronic hardware, software, display and mechanical engineering expertise. Our Taiwan operation is at the heart of Asian supply networks and facilitates cost effective manufacturing and strategic supply chain management.
Nexteq operates two distinct brands: Quixant, a specialised computer platforms provider, and Densitron, leaders in human machine interface. Founded in 2005 and later floating on the London Stock Exchange's AIM stock market as Quixant plc, the Group rebranded to Nexteq in 2023.
Further information on Nexteq and its divisions can be found at www.nexteqplc.com.
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