LO-Q (LON:LOQ) , the AIM listed technology group whose theme park queue-busting devices have saved countless family arguments in some of the UK’s top attractions, is set to deliver an upbeat assessment of its trading for the early part of this year’s selling season.
At the company’s AGM this afternoon, Lo-Q’s chairman, Jeff McManus, will tell shareholders that trade has been “very encouraging” in the European parks and that revenue to date is up on last year.
It is understood that a major driver for the improved performance is the substantial uptake of the company’s platinum Q-bot, which is a new premium product that has been well received in all parks in which it is sold.
McManus will say that the company is in active discussions with a number of theme park operators and is hopeful of adding to its portfolio of parks during the course of the financial year.
Elsewhere today, Lo-Q announced that it had signed an agreement to install its virtual queuing system in another park within the Six Flags group of theme parks in the US. Lo-Q has been working with Six Flags since 2001 and now operates in 11 of the group’s parks.
Filed Under: Theme Park,