Contract Win

RNS Number : 6191G

Lo-Q PLC

10 June 2013

 



10 June 2013

Lo-Q plc

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

Contract Win

- Lo-Q to install Q-band at Wet'n'Wild Las Vegas and Wet'n'Wild Phoenix -

- The first virtual queuing system of its type to be installed at either park -

Lo-Q (AIM: LOQ), the AIM-listed technology solutions provider to the attractions and leisure industry, is pleased to announce it has signed an agreement with both Wet'n'Wild Las Vegas and Wet'n'Wild Phoenix to install its patented Q-band virtual queuing wristband solution at both parks.

Wet'n'Wild Las Vegas, which opened in late May is Nevada's largest water park, the only water park in Las Vegas and features over 25 exhilarating slides and attractions that range from extreme water slides, including the first-of-its-kind in North America three-person Rattler, to family friendly interactive play areas.  Wet'n'Wild Phoenix will also install Lo-Q's Q-band. The park is home to over 30 slides and attractions for thrill seekers and families alike.  Wet'n'Wild Phoenix features the world's only Maximum Velocity Duelling H2O Water Coasters and the latest addition Wet'n'Wild Jr. a kid's size water park with smaller versions of some of the park's most popular attractions.

Five year agreements have been signed with both parks.

Q-band is Lo-Q's innovative waterproof RFID wristband.  It allows guests to queue virtually for their favourite slides without having to stand in line. Q-band users select their desired ride from multiple self-service kiosks located around the park and are notified by their wristband when it's their turn to ride. Guests then use a separate entrance to enter the ride and skip standing in line.  Once operational, the Q-band system will - for an additional fee - enable visitors to explore the park more easily than ever before.

Both parks are a part of Village Roadshow Theme Parks, a division of Village Roadshow Limited, which is Australia's largest theme park operator and the provider of some of the most thrilling entertainment, rides and slides available anywhere in the world.  Headquartered on the Gold Coast, Village Roadshow Theme Parks operates a number of attractions in Australia and three Wet'n'Wild branded water parks in the United States.

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

"I am delighted to announce these agreements with our newest parks: Wet'n'Wild Las Vegas and Wet'n'Wild Phoenix. These five year contracts are particularly exciting for Lo-Q as they open up a new relationship for us with Village Roadshow Theme Parks. Q-band is the first virtual queuing system of its type to be used by Village Roadshow in any of their parks and we are immensely proud that the Wet'n'Wild Parks in Las Vegas and Phoenix have chosen us and our innovative water park solution as the first step in this direction. Like us, both parks place great importance on delivering the very best experience for their guests."

Takuya Ohki, General Manager at Wet'n'Wild Las Vegas said:

"We are very pleased to be working with Lo-Q for what will be a very exciting opening season. Lo-Q's Q-band technology will enable us to deliver a premium experience to our guests, reducing the amount of time standing in line and leaving them free to enjoy more of the park's attractions."

For further information, please contact:

Lo-Q plc Tom Burnet, Chief Executive Officer John Alder, Chief Financial Officer	[phone]
FTI Consulting Matt Dixon, Lucy Delaney, James Melville-Ross, Jessica Liebmann	[phone]
Canaccord Genuity Simon Bridges, Cameron Duncan, Brendan Gulston	[phone]

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

About Village Roadshow Theme Parks

Village Roadshow Theme Parks (VRTP) is part of one of the largest and most diversified entertainment companies in the world, Village Roadshow Limited (www.villageroadshow.com.au). VRTP is Australia's largest theme park operator with Sea World, Warner Bros. Movie World, Wet'n'Wild Water World, Warner Roadshow Studios and Sea World Resort amongst its Gold Coast portfolio.  Development of Wet'n'Wild Sydney is currently underway.  Amongst its many achievements the company's flagship water park, Wet'n'Wild Water World, is consistently recognized as one of the top water parks in the world. Collectively Village Roadshow Theme Parks entertain around 4 million guests per annum.

In the United States, Village Roadshow Theme Parks operates Wet'n'Wild branded water parks in two of the most attractive warm weather markets in the United States.   Wet'n'Wild Hawaii is the state's only water-theme park located on the island of Oahu.   Wet'n'Wild Phoenix opened as Arizona's largest water park during the summer of 2009 and has since grown to be one of the top 15 most visited water park in North America.  The most recent development  Wet'n'Wild Las Vegas opened this year and is Nevada's largest water park and home to North America's first Rattler water slide.

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