Galasys secures new contracts

14 October 2015

Galasys PLC

("Galasys" or "The Group")

Galasys secures new contracts with Mt. Yandang and Aerospace Theme Park

Galasys PLC (AIM:GLS), a leading provider of solutions and services to the fast growing theme park industry in Asia, is pleased to announce 2 new contract wins in China with a total value of c. GBP 505,000.

MT. YANDANG, ZHEJIANG

The contract with Zhejiang Shurong Travel Cultural Co., Ltd will see Galasys providing its e-ticketing platform and membership module with a total contract value of c. RMB 2.86 million (c. GBP 295,000) and 1-year after-sale services.

Yandang Mountains refers to a coastal mountain range in south eastern Zhejiang province in eastern China. With a total area of 450km2, there are over 500 scenic spots and 8 scenic zones including Lingfeng Peak, Lingyan Rock and Dalong Qiu Waterfall. Yandang Mountains became a member of Global Geoparks Network supported by UNESCO in 2005.

AEROSPACE THEME PARK

Galasys will be providing its e-ticketing platform and membership module with a total accumulative contract value of c. RMB 2 million (c. GBP 210,000).

Situated in Hebei province, China, 16,000m2 building on a 33,700m2 land, Aerospace Theme Park has 30 attractions within the park and it is only the world's second aerospace theme park. China's Ministry of Culture listed this theme park as one of China's "Key Cultural Industry Project in 2015". It is created to spur the interest of the people in China in the aerospace industry.

Commenting on the announcement, Mr. Seah, Chief Executive of Galasys, said:

"We are delighted with these new contract wins, which mark another feather in the cap of Galasys and again demonstrates the quality of our products and services. We look forward to attracting more new and reputable businesses in China and South East Asia region while increasing sales with our existing customers."

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About Galasys

www.galasystec.com

Galasys is a leading integrated and modular amusement park solutions and services provider to premier amusement parks in China and South East Asia. Through its proprietary systems, the Group provides amusement park operators with the ability to sell, manage and analyse tickets, visitors, merchandise sales and other amusement park operations. It has been operating since 2005 and supplies solutions and services to more than 160 amusement parks in China and South East Asia. The Group has invested more than 50 man-years in R&D and owns the intellectual properties to its software and systems. The Group currently employs and retains more than 140 people across Asia. 

In recognition of the quality of the Group's solutions and services, Galasys is a merit recipient for the prestigious 2015 ASOCIO ICT Awards in the category of Outstanding ICT Company. 

For more information, please visit www.galasystec.com