Lo-Q plc is an AIM (Alternative Investment Market - London Stock Exchange) listed company with active subsidiary companies in the USA and Canada. The corporate information page provides financial information required by Rule 26 of the AIM rules.
We design, install and operate systems which allow members of the public to make ride and show reservations when they visit a theme park or other attraction. Our flagship product, VQ²º²º is a true virtual queuing system for theme parks. Our proprietary hand-held units, called Q-bots, are used in major theme parks around the world.
The dynamic virtual queuing concept arose because of a wait in a line by Leonard Sim and his family in a Florida theme park in the 90's. The ride had mechanical problems, which meant that the almost 2 hour wait was only a waste of time.
Lo-Q plc, formerly The Tellurian Devices Company Limited, was formed in August 2000. It completed an IPO that Autumn to fund the first large scale Lo-Q installation in its first park. Completion of a second round of funding enabled a further five parks to be installed in 2002.
Lo-Q plc is directed by an experienced board supported by a strong management team and dedicated staff. Our headquarters and development labs are in Ruscombe Park, Twyford near Reading, where we employ a team of highly skilled engineers carrying out our hardware, software and systems design. We have our USA headquarters in Lithia Springs, Georgia, where support, financial and installation staff are based.
Lo-Q has extensive patents or patents pending in Europe, USA, Hong Kong and Japan. We are investigating other markets for our technology.
The Lo-Q Guests Services System was developed and prototyped at Thorpe Park, near London, UK, from 1998, where we attracted huge amounts of media interest.
The first installation went live in March 2001 in the Six Flags Over Georgia park near Atlanta. In the summer of 2002, the company added 5 further parks, one of which was subsequently sold by Six Flags. The popularity of our system grew in these parks as the guests became more used to the benefits of the Q-bot.
In 2006, the company announced an updated system - VQ²º²º - which operated in two further Six Flags parks as well as in Dollywood, for the 2007 season. Dollywood is located in Tennessee near the home town of Dolly Parton.
Our first European park, LEGOLAND® Windsor, went live in March 2008.
In 2007 we purchased the Text-Q product which allows mobile phone users to reserve their place in line. Users pay a fee, using the premium rate SMS services, to avoid standing in a queue-line so the attraction generates additional revenue. Q-txt is in use in a number of locations in Europe.
Lo-Q’s queuing systems are currently deployed in over 20 of the worlds largest theme parks, and during the past 10 years have been used by in excess of 7million guests.
Mission
Lo-Q plc leads in the invention, development, manufacture and operation of electronic virtual queuing, reservation and guest service systems which brings value to leisure venues and their patrons
Vision
Our vision is to provide solutions that free patrons of leisure venues from queue line imprisonment by innovative application of information technologies
Values
We value innovation and high standards in all we do, and believe that working with integrity, teamwork, with commitment to our clients and shareholders will produce profitability and longevity for our company
