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.
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This note was prepared by LCF Research Limited using information provided by the subject company’s management or publically available news sources. No representations are made nor warranties given (express or implied) in relation to accuracy and completeness. This document is not an invitation to invest in the subject company and does not purport to contain all the necessary information that a prospective investor might require. LCF Research Limited recommends prospective investors to conduct their own thorough independent analysis of the subject company and the information contained in this note or referred to above.
Lo-Q plc is engaged in the development and application of virtual queuing technologies. The Company develops virtual queuing technologies for a theme park or other attraction. The Company designs, installs and operates systems, which allow members of the public to make ride and show reservations when they visit a theme park or other attraction. Its flagship product, VQ is a virtual queuing system for theme parks. Its hand-held units, called Q-bots, are used in theme parks around the world. The Company has overseas operations in the United States, Canada, Italy, Germany, Spain and Australia. more »
