Directorate Change

RNS Number : 2957R

Lo-Q PLC

19 August 2010

 



Lo-Q plc

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

Appointment of Chief Executive Officer

Lo-Q plc, the AIM listed provider of virtual queuing systems for theme parks and major attractions, further to the announcement on 20 July 2010 announces the appointment of Tom Burnet as Chief Executive Officer. The appointment will take effect on Monday, 4 October 2010.

Tom Burnet, aged 43, joins Lo-Q from Serco plc where he was Managing Director of Serco plc's Defence Operations business. At Serco Tom had full responsibility for some 5,000 personnel across the European Defence and Civil Aviation businesses.

Before Serco, Tom was Managing Director of QinetiQ's Capability Support Division, which provides technical consultation and support to Governments and Industry internationally.

Previously Tom was Executive Director and Non-Executive Director at Cedalion Ltd, a Microsoft technology consultancy, and Executive Director of Maximillion Events Ltd, a corporate entertainment and training company.

Leonard Sim, Founding Director of Lo-Q, commented, "We are very pleased to have attracted someone of Tom's calibre to our business. I believe this reflects positively not only on Lo-Q's position of strength in our market but also our significant growth potential.

"We expect Tom to provide strong leadership at the next stage of development for the Company as we continue to extend our customer base and look to launch a new system aimed at water parks."

Contacts:

Lo-Q plc	Leonard Sim, Founding Director	Tel: [phone]
Arbuthnot Securities Limited	Hugh Field Ed Gay	Tel: [phone]
Walbrook PR Ltd		Tel: [phone]
	Paul McManus	Mob: [phone] [e-mail]

A further announcement, including full AIM Rules disclosures, will be made upon the appointment of Tom Burnet to the Board of the Company, which is expected to be on 4 October 2010.

About Lo-Q plc

Lo-Q plc listed on AIM in April 2002 and has active subsidiary companies in the USA and Canada.

Lo-Q designs, installs and operates systems which allow members of the public to make ride and show reservations when they visit a theme park or other attraction. Lo-Q's flagship product, VQ2020, is a true virtual queuing system for theme parks. Lo-Q's proprietary hand-held units, called Q-bots, are used in major theme parks around the world. By the end of 2009 Lo-Q passed its 5 millionth user of the Lo-Q system.

The dynamic virtual queuing concept arose because of a wait in a line by Leonard Sim, the company founder and inventor of the Lo-Q System, and his family in a Florida theme park in the 90's. The ride had mechanical problems, which meant that the almost two hour wait was a waste of time.

Lo-Q's headquarters and development labs are in the Smith Centre high technology campus near Henley-on-Thames, UK, where a team of highly skilled engineers carry out hardware, software and systems design. The USA headquarters is in Lithia Springs, Georgia, near Atlanta where support, financial and installation staff are based.

The first installation went live in March 2001 and with the addition of Six Flags, Washington, there are a total of 15 sites across the world using the VQ2020 system, namely:

Six Flags Washington DC, USA

Six Flags Over Georgia, USA

Six Flags New England, USA

Six Flags Great Adventure, USA

Six Flags Over Texas, USA

Six Flags Fiesta Texas, USA

Six Flags St Louis, USA

Six Flags Great America, USA

Six Flags Magic Mountain, USA

Six Flags Discovery Kingdom, USA

Six Flags La Ronde, Canada

Dollywood, USA

Dreamworld, Australia

Legoland Windsor, UK

Mirabilandia, Italy

Lo-Q also owns a Q-txt product which allows mobile phone users to reserve their place in line. Users purchase credits that are used to reserve a time to ride. The user then receives a text with details of their reservation, time and a unique code which is used to gain entry and verify their booking. Q-txt was first used at the London Dungeon and Madame Tussauds in London, and is now installed in:

Flamingo Land, Yorkshire

Parque Isla Mágica, Spain.

 

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