23rd Mar 2007 10:49
Lo-Q PLC23 March 2007 Lo-Q plc New Radio Frequency Identification Agreement ("RFID Agreement") Lo-Q plc ("Lo-Q" or the "Company"), today announces an RFID Agreement withProximities, Inc. of Florida, USA ("Proximities"), that will accelerate theCompany's development of its cyber queuing product line. Lo-Q is the world leader in interactive automated line reservation systems fortheme parks and its Q-bot product, a rented hand-held device, allows park gueststo reserve a place in the queue while continuing to enjoy the park attractionsand not having to stand in line. Lo-Q's dynamic control capability issophisticated, unique and differentiates the product from all other virtualqueuing systems because it dynamically handles queuing changes due to a ride'stechnical or capacity changes. Lo-Q's system will be used in eight theme parks in the United States this yearand more than two million users have benefited from using the system over thepast few years. Proximities develops, markets and supports a suite of secure Radio FrequencyIdentification ("RFID") business solutions for the leisure and entertainmentmarket including cashless purchasing, access privileges, age verification andguest relationship management data collection. The GO(TM)system guest interfaceis a patented, secure RFID wristband that is non-transferable and electricallydisables when removed. Under this RFID Agreement, Lo-Q and Proximities will work together to add RFIDfunctionality to Lo-Q's product offering, and Lo-Q's queuing software will beintegrated with Proximities product offering. The relationship established with Proximities will allow Lo-Q to expand itsproduct offerings into water parks and other markets where a less sophisticatedor lower cost queuing device is required. It also supports Lo-Q's vision ofhaving every guest in the park on the system and not waiting in line for theprime attractions. Leonard Sim, the inventor of the Lo-Q system, said: "Adding Proximities secureRFID wristband to the patented Lo-Q line management system dramatically expandsour target marketplace and should lead to many opportunities for joint growth". For further information, please contact: Jeff McManus, Lo-Q Plc - 01491 577 210Romil Patel, Corporate Synergy Plc - 0207 448 4400 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Accesso Technology Group