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Lo-Q - new contract in Germany

Tuesday, Apr 05 2011 by
1

Lo-Q, the company that supplies “virtual queue” management systems for the amusement and water park industries, announced that it won a new contract to install and manage its flagship VQ2020 queue management system at Movie Park Germany – an amusement park located near Düsseldorf. Movie Park had about 1.2 million visitors in 2010, and the new Lo-Q system should be ready for the peak 2011 season. Movie Park is operated by Parques Reunidos, a major European leisure park operator, with 71 parks around Europe, South America and the US. Lo-Q has installed systems at Mirabilandia (Italy) and Parque de Attraciones (Spain), which are also operated by Parques Reunidos. This contract win demonstrates that Lo-Q is making progress in its strategy to increase penetration with the largest amusement park operators.


Disclaimer:  

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.


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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 »

Share Price (AIM)
550p
Change
-39.0  -6.8%
P/E (fwd)
33.4
Yield (fwd)
n/a
Mkt Cap (£m)
111



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