Contract Update and Additional New Contract Win

RNS Number : 0471W

Lo-Q PLC

22 January 2013

 



22 January 2013

Lo-Q plc

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

Contract Update and Additional New Contract Win

- Lo-Q's Q-band solution to be delivered to Dollywood's Splash Country -

- Lo-Q extends existing relationship with Dollywood for a further three years -

Lo-Q (AIM: LOQ), the AIM-listed technology solutions provider to the attractions and leisure industry, is pleased to announce that following the growing success of Lo-Q's Q-band water park solution, that Dollywood's Splash Country will install the system for the 2013 season for an initial 3 year period. 

Additionally, the agreement extends the terms of Lo-Q's existing contract with the adjacent Dollywood, Tennessee's most-ticketed tourist attraction entertaining more than 2 million visitors per year,which was due to expire on 31 December 2013 to 31 December 2015. Under the terms of the Agreement, Lo-Q will continue to supply its Q-bot solution to the Dollywood theme park in which it currently operates.

Dollywood theme park and Dollywood's Splash Country are owned by Dolly Parton and operated by Herschend Family Entertainment Group, a group that owns, operates and manages 26 family-oriented theme parks and attractions across ten states in America.

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

"We are delighted that Dollywood has decided to not only extend our Q-bot contract but that the agreement now also includes implementation of our Q-band solution at the nearby Dollywood's Splash Country. These two elements together further demonstrate the strength of Lo-Q's technology offering."

Also welcoming the announcement, Jason Boothe, Director of Amusements and Admissions of Dollywood theme park said:

"Since installing Lo-Q's Q-bot solution in 2007, we've experienced an overall increase in guest satisfaction and look forward to offering our water park guests the same convenience and benefits the Q-band ride reservation system will bring during the upcoming season."

For further information please contact:

Lo-Q plc Tom Burnet, Chief Executive Officer John Alder, Chief Financial Officer	[phone]
FTI Consulting Matt Dixon, Clare Thomas, 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 revenues as customers are unlocked from queue lines and able to enjoy the rest of the attraction instead, spending time in retail and food and beverage outlets or other rides, shows and attractions.

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. 

accessoTicketing 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 Dollywood's Splash Country 

Located adjacent to Dollywood theme park, Dollywood's Splash Country is a 35-acre water adventure park located in the foothills of the Great Smoky Mountains. Named America's Must-See Waterpark by the International Association of Amusement Parks & Attractions, Dollywood's Splash Country operates from Memorial Day to Labor Day and features 25 water slides, a wave pool, lazy river, leisure pool and two interactive children's play areas. For more information, visit www.Dollywood.com.   

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