StockMarketWire.com - Virtual queuing systems provider Lo-Q has signed a new agreement with its largest customer Six Flags, the world's largest regional theme park operator.

This extends the term of Lo-Q's existing agreement with Six Flags, which was due to expire on 31 December 2012 to the end of 2017.

Lo-Q will continue to supply its Q-bot solution to the 11 Six Flags sites at which it currently operates.

In addition, following the success of the Q-band trial at Six Flags White Water Atlanta and the positive guest feedback received, Six Flags has agreed to progress from this trial to a formal, contracted solution at this park.

The agreement also provides that Six Flags will install Q-band systems at seven other water park sites within its estate as quickly as possible. Finally, the agreement provides for an assignment of additional patent rights to Lo-Q that enhances its virtual queuing portfolio.

Lo-Q CEO Tom Burnet said: "We are delighted to be extending our enduring partnership with Six Flags for another six years.

"This is the clearest proof yet of the power of our existing and new products, the strength of our sales force and the long-term opportunity open to us."


At 8:42am: [LON:LOQ] Lo-Q share price was +3p at 187.5p



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