NEWS: Splish Splash NY Water Park to get Lo-Q tech

[jedimaster1227]

http://www.proactiveinvestors.co.uk/companies/news/37935/lo-q-makes-splash-with-new-water-park-deal-in-long-island-ny-37935.html

 

Lo-Q (LON:LOQ), which provides virtual queueing solutions, has won a contract to install its wristband system at a water park in Long Island, New York.

 

The agreement with Palace Entertainment - the largest operator of water parks in the US - is for the Splish Splash venue and is for three years.

 

It builds on the success of the firm's wristband in other US water parks and comes as the firm revealed last week a deal to install its Q-bot system at a theme park in Germany and last month a collaboration agreement with MasterCard.

 

Lo-Q's chief executive Tom Burnet said: "This contract highlights the strength of Lo-Q's ground-breaking water park product and the increasing interest in our solutions from all corners of the entertainment sector."

 

Splish Splash was voted as one of the Top 10 best water parks in the US by Travel Channel. It will offer the Q-band virtual queuing system in 2012 for an additional fee.

 

Q-band uses a wristband that is waterproof and lightweight. People can reserve a "virtual" place at the park's slides and be alerted when the time arrives.

 

Last week, Lo-Q announced a three year contract for its Q-bot electronic queue management system for LEGOLAND Deutschland and in December revealed it was teaming up with MasterCard for its latest innovation.

 

The pair are to develop a new contactless payment device that combines the card giant’s PayPass payments technology with Lo-Q's software. Once developed, they will then promote the combined product to theme parks, water parks and other attractions.

 

Shares in the firm were up 5.88 per cent in early deals, to trade at 216 pence.

Edited January 18, 2012 by jedimaster1227

[SharkTums]

I love seeing Lo-Q expand more and more!

 

Water parks are a great place for this system and I can't wait to finally use it next year!

[Chroniq]

This is really cool as Splish Splash is an awesome water park. It used to be ranked number 3 on the travel channel's 10 best (it may still be) . It's a park with mainly proslides, built in the middle of trees so it puts off a bit of an Animal Kingdom vibe more than any other water park I've been to. I was surprised to see that there has never been a trip report from there and it isn't even on TPR's park index. I need to get over there with the camera next summer. Anyone else been there?

[ernierocker]

I'm with Elissa on the expansion of Lo-Q products. Bring it on!

 

I'm interested in how the integration with the contactless payment system will work out for them!

 

Edit: Do you guys think the payment system will be tied into your personal credit card account or will it work like a visa card where you add money to it and then use that? (Similar to those cards you can get at Epcot's Food and Wine Festival)

Edited January 18, 2012 by ernierocker

[larrygator]

LOQ - Another stock I SHOULD have bought 3 years ago.

[Chroniq]

Edit: Do you guys think the payment system will be tied into your personal credit card account or will it work like a visa card where you add money to it and then use that? (Similar to those cards you can get at Epcot's Food and Wine Festival)

 

 

Since Lo-Q is teaming up with mastercard for their newest system (a hybrid version of the current paypass) it looks like it would be tied directly into a credit or debit card with out the need to preload it as the current paypass from mastercard doesn't require preloading.

 

I thought I read somewhere that their older system required preloading of funds?. I think a combination of both choices is the best way for parks that are a one day destination. The younger crowd ,who might not have a debit/credit card, (and those against cards in general) will then also be able to use the system as well.