Contract Win

RNS Number : 2079X

Lo-Q PLC

06 February 2013

 



6 February 2013

Lo-Q plc

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

Contract Win

- Lo-Q to install Q-band at Camelbeach Mountain Waterpark: Pennsylvania's largest water park -

- Upon completion will represent 14th waterpark installation since Q-band's launch in October 2011 -

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 to install its patented Q-band virtual queuing wristband solution at Camelbeach Mountain Waterpark in Pennsylvania.

With 37 slides and attractions, Camelbeach Mountain Waterpark is Pennsylvania's largest waterpark, enjoying record attendance levels in 2012. The five year contract will see the Q-band system installed in time for the Camelbeach Mountain Waterpark's 2013 summer season being utilised at 10 of the parks busiest slides. 

Q-band is Lo-Q's innovative waterproof RFID wristband which allows guests purchasing the service to queue virtually for their favourite slides without having to stand in line. Q-band users select their desired ride from self-service kiosks located around the park and are notified by their wristband when it's their turn to ride.  Guests 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.

The agreement builds on Lo-Q's already strong presence in North America and also represents a further, significant milestone for Lo-Q's Q-band product.  Launched towards the end of 2011, this installation, once completed, will represent the fourteenth water park globally to utilise the Q-band.

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

"Today's news is further testament to the strength of our Q-band offering and demonstrates its appeal to both large-scale groups and individual park operators such as Camelbeach Mountain Waterpark. Venues like Camelbeach understand that today's guests want and expect a premium park experience that includes limiting the amount of time they stand in line. We're thrilled to offer a product that allows our clients to meet that need within the unique waterpark environment and very much look forward to start working alongside the Camelbeach team."

Ken Ellis, Partner at Camelback Mountain Resort added:

"Q-Band has a tremendous track record and has significantly increased guest satisfaction levels in other water parks that have added the virtual queuing system. The unique Q-band technology will allow us to deliver an enhanced experience that offers great value to our guests."

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 Camelbeach Mountain Waterpark

Camelbeach Mountain Waterpark, the biggest waterpark in Pennsylvania, has 37 rides, slides and attractions to satisfy kids of all ages-from CamelCove, reserved for kids under 36 inches to teenage thrill seekers that love the speed of the Triple Venon or to show off their surfing moves on the FlowRider. Camelbeach is part of Camelback Mountain Resort-including PA's biggest winter resort boasting 160 acres to ski or snowboard and up to 38 snowtubing lanes, as well as CBK Mountain Adventures-home of PA's only Alpine Mountain Coaster and the longest, dual Zip Flyers in North America-it is known as the action and adventure destination headquarters 365 days a year. This year-round resort is located in the heart of the Pocono Mountains-only 90 minutes from Philadelphia and NYC. For more information visit www.camelbeach.com.

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