Contract Extension

RNS Number : 0752B

Lo-Q PLC

28 March 2013

 



28 March 2013

Lo-Q plc

("Lo-Q" or the "Company")

Contract Update

- Agreement with major US theme park operator expanded -

- Lo-Q's Q-band system to be installed at water park site -

Lo-Q plc (AIM: LOQ), the AIM-listed provider of to the attractions and leisure industry, is pleased to announce that it has extended its Agreement (the "Agreement") with a major US theme park operator ("Operator"), with the installation of Q-band at a US water park in 2013.

Under the terms of the Agreement, signed in October 2012, the Q-bot solution was installed in two of the Operator's parks for four years, with the option for the Operator to extend this for a further two years and to install Lo-Q's technology at additional locations.

First launched in 2011, Q-band, the world's first virtual queuing solution for water parks, continues to generate encouraging momentum, with the product being deployed at 15 parks in 2013.

The addition demonstrates the confidence Lo-Q's customers have in the sustained value and capability of its technology and reinforces the existing partnership Lo-Q shares with this major US theme park operator.

Commenting on the extension, Tom Burnet, Chief Executive Officer of Lo-Q plc said:

"We are excited that this major US theme park operator has decided to implement our Q-band solution at an additional park, further demonstrating the confidence in all aspects of Lo-Q's technology offering, and the strength of our existing customer relationship."

For further information, please contact:

Lo-Q plc	[phone]
Tom Burnet, Chief Executive Officer
John Alder, Chief Financial Officer
FTI Consulting	[phone]
Matt Dixon, Lucy Delaney, Jessica Liebmann
Canaccord Genuity Limited	[phone]
Simon Bridges, Cameron Duncan, Kit Stephenson

About Lo-Q

Lo-Q is the premier technology solutions provider to the attractions and leisure industry, focused on driving increased revenues and improved guest experiences through its range of innovative award-winning solutions operated in over 130 attractions worldwide. 

Virtual Queuing Solutions

Used by over 8 million guests since 2001, Lo-Q's range of patented virtual queuing solutions allow users to queue without having to stand in line.  Instead, they reserve their place in a queue line electronically and are notified when their turn is up.  For attraction operators, this means increased guest satisfaction and increased revenues thanks to customers being unlocked from queue lines, enjoying the rest of the attraction instead and spending time in retail and food and beverage outlets.

Whether delivered on the smartphone based; Q-smart, the waterproof RFID wristband; Q-band, or the original handheld device; Q-bot - Lo-Q's range of virtual queuing solutions are designed to deliver revenue driving systems to all theme park and water park environments.  Customers including Six Flags Entertainment, Merlin Entertainments, Parques Reunidos, Dollywood and Compagnie des Alpes are all currently benefiting from the happier guests and additional revenues that Lo-Q's virtual queuing solutions bring.  For more information visit www.lo-q.com. 

accesso Ticketing and Content Solutions

A wholly owned subsidiary of Lo-Q plc is recognized as the attraction industry's leading provider of ticketing solutions; offering a range of proprietary, fully-hosted ticketing, eCommerce, mobile and payment processing solutions to more than 100 leading venues including Six Flags Entertainment, Cedar Fair Entertainment, Herschend Family Entertainment, and Palace Entertainment.

The accesso Passport ticketing suite is a comprehensive solution built for where customers shop - OnSite. OnLine. OnTheGo. noted for a streamlined, easy-to-use design with seamlessly integrated revenue driving features that allow attractions to up-sell, cross-sell and simply-sell. Combined with level 1 PCI security certification, and 24/7 support, accesso Passport gives clients the tools, security and support they need to drive sales.

With over 1 million native mobile app downloads for clients so far, the accesso brand also provide content rich iPhone and Android applications that deliver added value info and functionality to attraction guests plus revenue driving mobile ticketing functionality that seamlessly integrates with the rest of the Passport Suite.  For more information visit www.accesso.com.  

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