Lo-Q, the company that supplies “virtual queue” management systems for the amusement and water park industries, announced that a smartphone-based ticketing and queuing solution is to be pilot tested at The London Eye. The test period is from 1st December 2011 to 25th February 2012.
The solution (which enables visitors to by-pass the ticket office) is cloud based and is applicable to any type of attraction, rather than being restricted to theme parks.
The company also announced in an update regarding the final results to October 2011 that strong growth in sales, pre-tax profit and net cash has been delivered, marginally ahead of previous expectations. Average guest spend on Lo-Q products grew 17% and park attendees using Lo-Q products grew 9%, against the backdrop of a 3% decline in like-for-like park attendances. Q-band (the system for water parks) has returned impressive initial results from its first trial at a major North American site.
The LOQ share price has increased by 70% over the last year.
Lo-Q Plc is currently graded b by LCF Research. To learn more, follow the link.
Filed Under: Technology, Leisure, Travel & Leisure, Travel & Tourism, Recreational Services, Queueing Systems, Theme Park,
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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 »
