Lo-Q, the company that supplies “virtual queue” management systems for the amusement and water park industries, announced that the term of the existing agreement with Six Flags, which was due to expire in December 2012, has been extended to December 2017.
Following the success of the Q-band trial at Six Flags White Water Atlanta, Six Flags has agreed to progress from this trial to a formal, contracted solution at this park and to install systems at seven other water park sites within its estate as quickly as possible. The agreement provides for an assignment of additional patent rights to Lo-Q that enhances its virtual queuing portfolio.
The LOQ share price has increased by 64% over the last year.
Lo-Q Plc is currently graded b by LCF Research. To learn more, follow the link.
