Virtual queuing systems for theme parks and major attractions specialist, Lo-Q (AIM: LOQ), confirmed this morning that trading in the first 10 months (to 31 October 2009) was in line with market expectations despite a number of unique challenges during the period.
Lo-Q designs, installs and operates systems which allow members of the public to make ride and show reservations when they visit a theme park or other attractions.
The company has successfully entered into contracts at a number of large theme parks including several Six Flags theme parks in North America, Dollywood in Texas, Legoland in Windsor, Mirabilandia in Italy and Dreamworld in Australia.
Theme parks operating Lo-Q’s true virtual queuing technology, rent a Q-bot to parties of up to six visitors. Once at large in the park, visitors can scroll through a list of shows and rides and make reservations. Subsequently, updated waiting times appear on the device, and if a ride breaks down and the queue time lengthens, the visitor is informed and the reservation time altered. On arriving at the ride, Q-bot ‘reservees’ go through a separate entrance and show their Q-bot to an attendant or an automatic turnstile.
In a brief statement to the market this morning, Lo-Q said that while attendance at a number of parks had been “very mixed”, thanks to both economic factors and poor weather, overall the company’s trading performance “has been quite favourable”.
“Our newest parks have in general performed well and the newest of our products, Q-txt, has been well received in the initial two parks in which it has been installed,” the company added.
The company will announce its year end results in February 2010.