Agreement Extension

RNS Number : 2398U

Accesso Technology Group PLC

15 October 2014

 



15 October 2014

accesso® Technology Group plc

("accesso" or the "Group")

Palace Entertainment Agreement Extension

- Palace Entertainment extends existing agreement with accesso for three further years -

- Leading US based leisure park operator to continue leveraging full accesso Passport® eCommerce solution across 14 venues through 2017

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to the global attractions and leisure industry, is pleased to announce that Palace Entertainment ("Palace") will be extending its agreement to leverage the full suite of accesso Passport ticketing and eCommerce solutions across 14 of its venues for a further three years.

The existing agreement, initially signed with one of the leading US leisure park operators in 2012, has grown to extend to 14 of Palace's venues across America. Now extended through 2017, the full range of accesso Passportcloud based solutions will continue to operate across parks including Raging Waters San Dimas and Splish Splash Waterpark, helping keep pace with the consumer shift towards mobile and enhancing each aspect of the user experience.

The accesso Passport ticketing suiteallows operators to provide a comprehensive online shopping experience with access to desktop, tablet and mobile optimised advanced ticket sales. It also supports an attraction's on-site sales, seamlessly combining traditional point-of-sale, mobile point-of-sale and self-service kiosks through a forward thinking, cloud based platform ensuring lower operating costs and advanced data access compared with legacy software models.

Commenting on the news, Tom Burnet, Chief Executive Officer for accesso said:

"Extending this agreement both strengthens our relationship with Palace Entertainment and reinforces our belief that through accesso Passport, our technology can be a critical strategic revenue driver for their business. We are grateful for the confidence Palace continues to place in our team and our technology, and we look forward to working with them to develop increasingly innovative solutions to meet the needs of their business and its guests"

For further information, please contact:

accesso Technology Group plc	[phone]
Tom Burnet, Chief Executive Officer
John Alder, Chief Financial Officer
FTI Consulting, LLP	[phone]
Matt Dixon, Lucy Delaney, Adam Davidson
Canaccord Genuity Limited	[phone]
Simon Bridges, Cameron Duncan, Brendan Gulston
Numis Securities Limited	[phone]
Etienne Bottari, Simon Willis, Mark Lander

About accesso^® Technology Group

accesso (AIM: ACSO) is the premier technology solutions provider to the global attractions and leisure industry. Our patented and award-winning solutions drive increased revenue for attraction operators by significantly improving the most important part of an attraction visit: the guest experience.  Our solutions add value to operators at every point in the guest journey:

·      We drive attendance

The accesso Passport^® ticketing suite is a comprehensive, easy-to-use cloud solution that processes many millions of ticket and season passes every year, enabling operators to maximize up-sell and cross-sell with ease to drive greater revenue.

·      We handle payments

Our payment gateway carries level 1 PCI security certification and 24/7 support.  It provides the tools, security and support operators need to drive sales and has so far processed more than $5 billion in transactions.

·      We take guests out of line

Since 2001 over nine million guests have used a patented accesso LoQueue^SM solution to queue less, ride more, enjoy a better experience and increase  in-attraction spend.

·      We simplify point-of-sale

We offer a comprehensive point-of-sale solution through software modules that combine ticketing, membership, retail, food/beverage transactions, rentals, credit card processing and many other functions into a single system eliminating the need for separate systems and databases.

·      We increase engagement

accesso enables operators to engage more deeply and profitably with guests: pre-sale, in-attraction or post-visit.  Our mobile apps have provided more than 2.75 million people with rich iOS and Android content to better plan their visit, buy their ticket on-the-go and unlock new experiences within an attraction. 

More than 400 attractions worldwide currently employ accesso technology - from theme parks, water parks, cultural attractions and sporting events to ski and snow parks.  We are proud that our solutions are trusted by the majority of the leading names in the leisure industry, including Six Flags Entertainment, Cedar Fair Entertainment, Merlin Entertainments, International Speedway Corporation, Palace Entertainment, Compagnie des Alpes, and Herschend Family Entertainment.

accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. For more information visit: www.accesso.com. 

About Palace Entertainment
Palace Entertainment owns and operates 40 amusement parks, water parks and family entertainment centres within the US, including Raging Waters, Kennywood, Idlewild, Boomers, Speedzone and Story Land. The company entertains millions of guests annually and is one of the largest park operators in the US. For more information, or for a park nearest your location, visit: www.palaceentertainment.com.

 

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