The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSondrel Plc Regulatory News (SND)

Share Price Information for Sondrel Plc (SND)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 5.75
Bid: 5.50
Ask: 6.00
Change: 0.00 (0.00%)
Spread: 0.50 (9.091%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 5.75
SND Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Partnership Agreement

4 Sep 2012 07:00

RNS Number : 3994L
Lo-Q PLC
04 September 2012
 



 

 

4 September 2012

 

Lo-Q plc

 

("Lo-Q" or the "Company")

 

Partnership Agreement

 

- Lo-Q announces partnership with The Sanderson Group -

 

- Agreement provides route into key Asian market -

 

Lo-Q plc (AIM: LOQ), the AIM listed provider of virtual queuing systems for theme parks, water parks and major attractions, today announces that it has signed a partnership agreement with The Sanderson Group ("Sanderson") to help spearhead Lo-Q's expansion into the exciting and fast growing Asian market place.

 

Sanderson Group is an Australian multi-national corporation with over 23 years experience in delivering high quality, themed tourist attractions. The Sanderson Group is led by an experienced multi-national team with an office network that spans nine countries across Asia, the Middle East, and Australia Pacific,

 

The partnership will see both firms collaborate on the promotion, sale and support of Lo-Q's products in the region. A senior Lo-Q manager will work in Sanderson's Asia Operational Headquarters in Kuala Lumpur to oversee the partnership and the smooth running of the operation. The project which will formally start in November 2012, will last for an initial one year period with an option to convert into a formal Joint Venture arrangement in November 2013 or before.

 

Commenting on the agreement, Tom Burnet, Chief Executive of Lo-Q said:

"This partnership is a significant milestone for Lo-Q. We are delighted to be working with a first class operator like The Sanderson Group as we look to build our business in the world's fastest growing theme and water park market. We believe it represents a great opportunity for both companies and look forward to combining our innovative technologies with Sanderson's local knowledge, contact base and industry expertise."

 

Steve Sanderson, Chief Executive of The Sanderson Group, said:

"Over the past 23 years Sanderson Group has been operating in this region we have always understood the significance of technology and the important role it plays behind the scenes in improving efficiencies while ultimately adding more value to the guests experience. Lo-Q has some marvellous technologies that align with our group's core values and philosophy. It is a true delight to be partnering with a company which is just as passionate about the guests' experience as we are. Lo-Q has so much to offer Asia with their innovation and expertise."

 

 

For further information please contact:

 

Lo-Q plc

Tom Burnet, Chief Executive Officer

John Alder, Chief Financial Officer

+44 (0)118 934 7400

 

 

FTI Consulting

Matt Dixon, Clare Thomas, James Melville-Ross

+44 (0)20 7831 3113

Canaccord Genuity

Simon Bridges, Kit Stephenson, Cameron Duncan

+44 (0)20 7523 8000

 

 

About Lo-Q

 

Lo-Q is the creator of a virtual queuing system for theme parks, water parks and other leisure attractions that allows users to queue without waiting in line. Lo-Q users reserve their place in a queue electronically and are notified when their turn is up, spending less time queuing and more time enjoying their day out.

 

Lo-Q's system has been adopted by leading theme park and attraction operators globally, with customers including Parques Reunidos, Six Flags Entertainment Co, Herschend Group and Merlin Entertainments. These operators benefit not only from happier customers but also from additional revenue streams as time previously spent queuing is instead transformed in to higher spending in park restaurants, gift shops and other retail facilities. By the end of 2011, more than seven million individuals had used a Lo-Q product and that number is growing.

 

The Company's technology is protected by extensive patents or patents pending in Europe, USA, Hong Kong and Japan. The target market for this technology is large and growing, with Lo-Q currently exploring opportunities for expansion into new theme parks and new geographies as well as opportunities to develop new products for other complementary adjacent markets.

 

Lo-Q is listed on the Alternative Investment Market ("AIM") under the ticker "LOQ". For further information please visit www.lo-q.com

 

Ends

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGREAKNDEFAAEFF
Date   Source Headline
15th Feb 20237:00 amRNSFY 2022 Trading and Business Update
9th Jan 20237:00 amRNSSuccessful Key Milestone Completion
3rd Nov 20227:00 amRNSUS Sales Team Expansion
31st Oct 20227:00 amRNSNotice of Investor Presentation
27th Oct 20221:42 pmRNSTR-1: Notification of major holdings
24th Oct 20229:21 amRNSNotification of Major Holdings
21st Oct 20227:00 amRNSFirst Day of Dealings on AIM
9th Sep 20194:21 pmRNSScheme of Arrangement becomes effective
9th Sep 20199:25 amRNSForm 8.3 - Sanderson Group PLC
9th Sep 20197:30 amRNSSuspension - Sanderson Group plc
6th Sep 201911:30 amRNSHoldings in Company
6th Sep 201910:29 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
5th Sep 20193:49 pmRNSCourt Approval for Scheme of Arrangement
5th Sep 201911:53 amRNSForm 8.5 (EPT/RI)
4th Sep 20199:39 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
4th Sep 20197:00 amRNSExercise of Options, PDMIR Shareholder and TVR
3rd Sep 20199:51 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
3rd Sep 20199:30 amRNSForm 8.3 - [SANDERSON GROUP PLC]
2nd Sep 20195:30 pmRNSSanderson Group
2nd Sep 201910:09 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
2nd Sep 20199:27 amRNSForm 8.3 - [SANDERSON GROUP PLC]
30th Aug 20192:58 pmRNSResult of Shareholder Meetings
30th Aug 201911:57 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
30th Aug 20199:11 amRNSForm 8.3 - [SANDERSON GROUP PLC]
28th Aug 201910:05 amRNSForm 8.3 - [SANDERSON GROUP PLC]
28th Aug 20198:53 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
27th Aug 20197:00 amRNSForm 8.3 - [SANDERSON GROUP PLC]
23rd Aug 201911:23 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
23rd Aug 20199:24 amRNSForm 8.3 - [SANDERSON GROUP PLC]
22nd Aug 20196:00 pmRNSUpdate on Debt Financing Arrangements
22nd Aug 20199:21 amRNSForm 8.3 - [SANDERSON GROUP PLC]
22nd Aug 20198:38 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
21st Aug 201910:24 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
21st Aug 20199:41 amRNSForm 8.3 - [SANDERSON GROUP PLC]
20th Aug 20194:43 pmRNSForm 8.3 - Sanderson Group Plc
20th Aug 20199:46 amRNSForm 8.3 - [SANDERSON GROUP PLC]
20th Aug 20199:18 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
19th Aug 20199:54 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
16th Aug 20195:53 pmRNSForm 8.3 - Sanderson Group plc
16th Aug 20194:20 pmRNSForm 8.3 - Sanderson Group plc
16th Aug 20193:16 pmEQSForm 8.3 - Chelverton UK Dividend Trust plc: Sanderson Group Plc
16th Aug 201910:28 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
16th Aug 201910:00 amRNSForm 8.3 - [SANDERSON GROUP PLC]
16th Aug 20199:07 amRNSForm 8.3 - [SANDERSON GROUP PLC]
15th Aug 20197:00 amRNSForm 8 (OPD) - Sanderson Group PLC
13th Aug 20193:04 pmRNSScheme Document Update
13th Aug 201912:05 pmRNSForm 8.3 - Sanderson Group PLC
13th Aug 20199:27 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc
13th Aug 20199:26 amRNSForm 8.3 - [SANDERSON GROUP PLC]
12th Aug 201910:02 amRNSForm 8.5 (EPT/RI) Sanderson Group Plc

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.