Malyasian Memorandum of Understanding Formalised

RNS Number : 8888Q

Accesso Technology Group PLC

23 June 2015

 

23 June 2015

accesso® Technology Group plc

("accesso" or the "Group")

Malaysia's Movie Animation Park Studios to Feature

accesso's LoQueue^SM Technology

- Memorandum of Understanding formalised as a five-year contract -

- New theme park purpose-built for mobile connectivity to open mid-2016 -

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to the leisure industry, has signed a five-year deal with Malaysia's newest theme park, Movie Animation Park Studios (MAPS), to install its patented smartphone-based queuing solution, Qsmart^SM. MAPS is scheduled to open in Perak, Malaysia by mid-2016.

During the first half of 2014, accesso signed a Memorandum of Understanding ("MOU") for the installation at MAPS, an agreement that saw the group begin to forge deeper ties with attractions in the important Asian market.

The Park will feature more than 40 rides, shows and attractions including the world's first DreamWorks-dedicated zone, Malaysia's tallest drop tower, and a thrilling live-action car stunt show.

Used by more than 11 million guests since 2001, accesso LoQueue virtual queuing technology solutions allow guests to queue without having to stand in line.  Instead, they reserve their place in a queue line electronically and are notified when it is their turn to ride. For attraction operators, this means increased guest satisfaction and increased revenues by unlocking guests from queue lines, allowing them to enjoy the rest of the attraction instead and spend time in retail and food and beverage outlets.

Commenting, Tom Burnet, Chief Executive Officer of accesso Technology Group plc said:

"MAPS is one of the most unique and exciting projects underway in the leisure and tourism industry in Malaysia, and we are thrilled with the role our technology will play in helping guests maximise their time in the park as well as drive incremental revenue for Movie Animation Theme Park Studios. Asia is the fastest-growing theme and water park market globally and we are excited our group can be a part of that".

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, Mark Whitmore
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 leisure, entertainment and cultural markets. Our patented and award-winning technology solutions drive increased revenue for attraction operators whilst improving the guest experience.

Our solutions add value to operators at every point of the guest experience with our technology facilitating the key points of contact with their many millions of guests.

·      We drive attendance

The accesso Passport^® and ShoWare™ ticketing suites are comprehensive, easy-to-use cloud solutions that process tens of millions of tickets every year for assigned seat and general admission venues, 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 more than 11 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

Our Siriusware™ point-of-sale solution offers 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 millions of guests 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 900 attractions and venues worldwide currently employ accesso technology - from theme parks, water parks, cultural attractions, live performance venues 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 Movie Animation Park Studios Perak, Malaysia

Animation Theme Park Sdn Bhd is the developer, owner and operator of Movie Animation Park Studios "MAPS", Asia's 1st animation theme park, located in Ipoh, Perak, Malaysia. It is a joint venture between PCB Development Sdn Bhd and RSG MAPS Sdn Bhd.

RSG MAPS Sdn Bhd is a private Malaysian property development company specializing in developing theme parks, themed attractions and integrated developments.

PCB Development is a wholly owned subsidiary of the listed company Perak Corporation Berhad and is responsible for developing the Bandar Meru Raya City in Ipoh, Perak.

Sanderson Group is the turnkey contractor responsible for designing and building MAPS and is Australia's first integrated thematic construction company specializing in designing and constructing theme parks and entertainment destinations in Asia Pacific with 25 years experience in the industry. 

 

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