Lo-Q, the company that supplies “virtual queue” management systems for the amusement and water park industries, announced that a Memorandum of Understanding has been signed with MasterCard to develop a contactless payment solution combining MasterCard's Tap & Go™ PayPass™ payments technology with Lo-Q's queuing software and systems.
Once developed, Lo-Q and MasterCard will collaborate to market the solution to the operators of entertainment attractions.
The LOQ share price has increased by 91% over the last year.
Lo-Q Plc is currently graded b by LCF Research. To learn more, follow the link.
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.
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 »
