Lo-Q upbeat on early trading and secures new US theme park contract
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.
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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 »
