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: -0.05 (-0.86%)
Spread: 0.50 (9.091%)
Open: 5.80
High: 5.80
Low: 5.75
Prev. Close: 5.80
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
8th Jul 201611:00 amRNSHolding in Company
8th Jun 20167:00 amRNS2016 Interim Results
4th May 20163:42 pmRNSForm 8.3 - Electronic Data Processing PLC
3rd May 20163:15 pmRNSForm 8.3 - Electronic Data Processing PLC
29th Apr 20168:00 amRNSTotal Voting Rights
26th Apr 20167:00 amRNSPre-Close Trading Update
25th Apr 20162:00 pmRNSExercise of Share Options
31st Mar 201612:01 pmRNSDirector's Exercise of Options
29th Mar 201612:45 pmRNSHolding in Company
16th Mar 201610:15 amRNSHoldings in Company
3rd Mar 20164:38 pmRNSResult of AGM
3rd Mar 20167:00 amRNSAGM Statement
29th Feb 20167:00 amRNSTotal Voting Rights
9th Feb 20167:00 amRNSExercise of Options
29th Jan 201611:00 amRNSTotal Voting Rights
19th Jan 20167:00 amRNSExercise of Share Options
14th Jan 20167:00 amRNSExercise of Share Options
29th Dec 20158:00 amRNSPosting of 2015 Annual Report & Accounts
1st Dec 20157:00 amRNS2015 Preliminary Results
17th Nov 20157:06 amRNSHolding(s) in Company
27th Oct 20157:00 amRNSTrading Update
31st Jul 20157:00 amRNSTotal Voting Rights
27th Jul 20158:12 amRNSAppointment of Adviser
16th Jul 20159:00 amRNSDirector's Share Purchase
2nd Jul 20152:31 pmRNSExercise of Employee Share Options
9th Jun 20157:00 amRNS2015 Interim Results
9th Jun 20157:00 amRNSAppointment of Non-Executive Director
11th May 201511:20 amRNSHolding in Company
22nd Apr 20157:00 amRNSTrading Update
1st Apr 20157:00 amRNSExercise of Options
31st Mar 20154:37 pmRNSTotal Voting Rights
26th Mar 20157:00 amRNSExercise of Options
9th Mar 20157:00 amRNSExercise of options
3rd Mar 20154:31 pmRNSResult of AGM
3rd Mar 20157:00 amRNSAGM Statement
2nd Mar 201511:57 amRNSTR-1 Holding in Company: Replacement
2nd Mar 20157:02 amRNSTotal Voting Rights
2nd Mar 20157:00 amRNSHolding in Company
27th Feb 201511:00 amRNSHolding(s) in Company
10th Feb 20158:45 amRNSExercise of Options
31st Dec 20148:00 amRNSTotal Voting Rights
18th Dec 20149:41 amRNSExercise of Options
16th Dec 20147:00 amRNSExercise of Options
12th Dec 20148:41 amRNSPosting of 2014 Annual Report
25th Nov 20147:00 amRNS2014 Final Results
23rd Oct 20147:00 amRNSPre-close Trading Update
5th Sep 20148:00 amRNSHolding(s) in Company
13th Aug 20149:00 amRNSTR1 Holding in Company
13th Aug 20149:00 amRNSTR1 Holding in Company
31st Jul 20148:30 amRNSTotal Voting Rights

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.