Lo-Q agrees virtual queuing system deal with German theme park

Thursday, Mar 31 2011 by
1
LoQ agrees virtual queuing system deal with German theme park

LO-Q (LON:LOQ), the AIM-listed company behind the development of technology that takes the pain out of having to wait in long queues at theme parks and major attractions, has won a contract to install its system at Movie Park Germany. The contract is Lo-Q’s fourth new park agreement in recent weeks and follows a three-year contract extension earlier this month to supply its virtual queuing system to Dollywood of Tennessee, the US state’s largest tourist attraction. Movie Park Germany marks Lo-Q’s third installation within the Parques Reunidos portfolio, Europe’s second largest leisure park operator.

Under the terms of the agreement Lo-Q will set the park up with its VQ2020 system, which allows visitors, for a fee, to queue virtually for park rides and experiences, without the need to stand in line. With the time saved, visitors can enjoy a greater number of amenities within the park and thereby generate increased revenue for the theme park operator. As well as installing the system, Lo-Q will train Movie Park Germany employees in how to manage, deploy and market the system to park visitors. More than 1.2 million individuals visited Movie Park Germany in 2010 and the company expects to have completed installation ready for the start of the park’s 2011 peak visitor season.

Lo-Q already supplies its systems to Parques Reunidos venues at Mirabilandia in Italy and Parque de Atracciones in Madrid, Spain. In total, Parques Reunidos operates 71 theme parks, water parks and nature and adventure parks across Europe, South America and the US.

Tom Burnet, the chief executive of Lo-Q, said: “We are delighted to add Movie Park Germany to the list of parks benefitting from our queue-reducing, revenue-enhancing solutions. We are particularly pleased at the extension of our relationship with Parques Reunidos, signalling a clear vote of confidence in our technology and our ability to both enhance a park visitor’s experience as well as increase a park operator's revenue generating opportunity.”

In an interview with Stockopedia earlier this month, Mr Burnett, who joined Lo-Q last summer, said it was his priority to notch up new sales of the company’s systems. Today’s news pushed up the Lo-Q share price by 2p to 157.5p.


Filed Under: Travel & Leisure,
There's value in the stock market
but do you know where to look?

Get the most concise synopsis of everything that's been proven to work in value investing. If you like your stocks cheap you've found a treasure trove distilled to under 70 pages.

  • How to find ultimate Bargain Stocks with Ben Graham
  • How to spot Turnarounds and avoid Value Traps
  • From Graham to Greenblatt via Piotroski & Lakonishok
  • How to value stocks and set a margin of safety

Soon to be retailing for an RRP of £14.99, for a limited time only,
you can get your copy free by joining our 35,000 strong mailing list.

*By signing up you'll be joining our mailing list
no junk, no spam - just great content like this example.


Disclaimer:  

As per our Terms of Use, Stockopedia is a financial news & data site, discussion forum and content aggregator. Our site should be used for educational & informational purposes only. We do not provide investment advice, recommendations or views as to whether an investment or strategy is suited to the investment needs of a specific individual. You should make your own decisions and seek independent professional advice before doing so. Remember: Shares can go down as well as up. Past performance is not a guide to future performance & investors may not get back the amount invested.


Do you like this Post?
Yes
No
1 thumb up
0 thumbs down
Share this post with friends



Accesso Technology Group plc is engaged in provision of queuing and ticketing technology solutions to theme parks, theme parks, water parks and zoos to cultural attractions and sporting events. The Company’s queuing solution, accesso LoQueue includes Qsmart, Qbot and Qband. Qsmart is a mobile application that puts virtual queuing on smartphone. Qbot is a handheld queuing device. Qband, is a Radio-frequency identification (RFID) wristband which reserves slides with at touchscreen kiosks located throughout the waterpark. The Company’s ticketing solution, accesso Passport provides onsite ticketing, online ticketing, and native iPhone and android applications for ticketing. more »

Share Price (AIM)
560p
Change
-10.0  -1.8%
P/E (fwd)
19.9
Yield (fwd)
n/a
Mkt Cap (£m)
125



  Is accesso Technology fundamentally strong or weak? Find out More »


What's your view on this news? to Comment Now

 
 
You are feeling neutral

Use the £ sign in front of a ticker to turn £VOD into Vodafone PLC

You can track all @StockoChat comments via Twitter


About Stockopedia News

Stockopedia News Bulletins aim to report on stories and companies that are relevant to and popular with online investors.  It's a free service provided to registered users of Stockopedia. 



Stock Picking Tutorial Centre



Stock Picking Simplified

Stockopedia takes your stock picking to the next level with cutting edge Stock Reports & Screening tools.


Get started
or Take a Tour to find out more.