Lo-Q, a virtual queuing systems provider for theme parks, water parks and attractions, announced Tuesday that it has been contracted to install its water park solution at Dollywood's Splash Country park for the 2013 season for an initial three-year period.
The contract is an extension of its agreement with the adjacent Dollywood, in Tennessee, that had been due to expire at the end of 2013, to the end of 2015.
As such, Lo-Q will continue to supply its Q-bot solution to the Dollywood theme park in which it currently operates.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Tom Burnet, Chief Executive Officer of Lo-Q plc said: "We are delighted that Dollywood has decided to not only extend our Q-bot contract but that the agreement now also includes implementation of our Q-band solution at the nearby Dollywood's Splash Country. These two elements together further demonstrate the strength of Lo-Q's technology offering."
Jason Boothe, Director of Amusements and Admissions of Dollywood theme park added: "Since installing Lo-Q's Q-bot solution in 2007, we've experienced an overall increase in guest satisfaction and look forward to offering our water park guests the same convenience and benefits the Q-band ride reservation system will bring during the upcoming season."
The share price rose 2.68% to 402.50p by 09:35.
NR
-
Should you sell in May this year?The market adage looks unlikely to apply in 2024, and global equities are proving resilient
-
Should you invest in UK equities?The FTSE 100 hit a record high this week, but UK equities remain unloved and undervalued compared to their global and US peers. Should you snap them up at a discount?
