Last C$0.14 CAD
Change Today -0.02 / -12.50%
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As of 1:33 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

deq systems corp (DEQ) Snapshot

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04/29/14 - C$0.35
52 Week Low
02/4/15 - C$0.11
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deq systems corp (DEQ) Details

DEQ Systems Corp. manufactures and sells auxiliary systems for casino gaming tables worldwide. The company offers table game bonusing technology, table games, table game results tracking, and jackpot connectivity solutions. Its patents and products include side bet bonusing with progressive and random jackpot prizes and slot machine style mystery bonusing; multiple credit betting on the player’s and dealer’s hand; denomination betting flexibility; electronic credit bank; and electronic rake, as well as baccarat and blackjack hand tracking systems. The company offers G3 side bet bonusing system, a multiple credit–multiple wager–wide area progressive system; Real Link, a secure wireless progressive jackpot management system that links and manages various casino locations to a single shared table game progressive jackpot; Dragon 7 and Panda 8 optional side wagers; EZ TRAK system, an LCD-based hand tracking system that provides players with statistical data; EZ Pai Gow, which accelerates the speed of Pai Gow poker; and Hawk, a card vendor neutral intelligent shoe, which reads various types of playing cards. It also provides table games, including EZ Baccarat, EZ Pai Gow, Buster Blackjack, Casino Hold'Em Poker, Caribbean Stud Poker, and Player's Choice 21 games; and progressive paytables comprising 5 Card Hand Bonus, 5 Card Hand Hearts Bonus, EZ Baccarat Progressive, Buster Blackjack Progressive, EZ Pai Gow Progressive, and Progressive Pai Gow Poker. In addition, the company is involved in the development of intellectual property related to table game bonusing; IP license management; lease and sale of table game bonusing technology; sale of patent rights; and collection of royalties. It has a strategic alliance with Las Vegas Sands for the development of products. DEQ Systems Corp. was incorporated in 2004 and is headquartered in Lévis, Canada.

Founded in 2004

deq systems corp (DEQ) Top Compensated Officers

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deq systems corp (DEQ) Key Developments

DEQ Systems Corporation and Talisman Group in Litigation

DEQ Systems Corp. announced that The Talisman Group is moving forward with a Federal Court litigation against DEQ with respect to an alleged breach of the parties' strategic alliance agreement relating to EZ Baccarat. The parties have been engaged in non-binding arbitration since 2014 as a result of a complaint filed by Talisman. Talisman claimed that a change of management occurred and triggered DEQ's obligation to offer the Panda 8 patent to Talisman for fair market value. The non-binding arbitration panel's ruling denied Talisman's claim. Despite this setback, on January 21, 2015, Talisman filed a motion to schedule a conference to proceed to trial in U.S. Federal Court.

DEQ Systems Signs Distribution Agreement with LT Game

DEQ Systems Corp. announced that it has reached an agreement with LT Game International (Australia) Ltd. for the distribution of DEQ's technology solutions throughout Asia Pacific region. Under the Agreement, LT Game will distribute the Company's G3 System and table top technology solutions through the end of 2016 as the initial term.

DEQ Systems Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended August 31, 2014

DEQ Systems Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended August 31, 2014. For the quarter, the company reported total revenue of $1,810,000 was $1,763,000 a year ago. EBITDA was $305,000 against $156,000 a year ago. Net loss was $445,000 against $572,000 a year ago. Net loss per share was $0.006 against $0.0085 a year ago. Positive cash flow from operating activities before working capital items of $316,000 as compared to $158,000 in third quarter of 2013, due to the increase in EBITDA for the quarter. For the nine months, the company reported total revenue of $5,613,000 was $5,077,000 a year ago. EBITDA was $860,000 against $278,000 a year ago. Net loss was $1,319,000 against $1,972,000 a year ago. Net loss per share was $0.028 against $0.018 a year ago.


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