Lo-Q plc

Our company mainly generates its revenue in the USA where we operate virtual queuing systems in theme parks.

The dynamic virtual queuing concept grew out of a wait in a line by Leonard Sim and his family in a Florida theme park in the early 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 Six Flags Over Georgia in March 2001. 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 Henley-on-Thames UK, where we occupy a part of a building on the Smith Centre high technology campus. We employ a team of highly skilled engineers carrying out our hardware, software and systems design. We have our USA headquarters in Douglasville, Atlanta.

Lo-Q has extensive patents in Europe and USA with others pending in Hong Kong and Japan and we are investigating other markets for our technology.

The Lo-Q Guests Services System was developed and prototyped at Thorpe Park, near London, UK and is now installed in five major theme parks in the USA, all of which are Six Flags parks. The first installation went live in March 2001 in 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, where the business developed steadily in the face of the downturn in the industry after 9-11.

In 2006, the company announced an updated system - VQ2020 - which is now operating in two further Six Flags parks as well as in Dollywood, the park in Tennessee near the home town of Dolly Parton.

We are approaching our 3 millionth user of the Lo-Q system - a major milestone.

Technology

Lo-Q's hardware, software and system engineers, based in Henley, are highly skilled in the following areas:

RF circuit design; microprocessor system design; embedded software; communication protocols and error correction; all types of data networks; location based services, and windows based software in the areas of scheduling, access control; messaging and communications.

Directors

Jeff McManus, aged 65, Chairman, founded Parc Leasing Limited in 1973, to assist computer system manufacturers to set up and run vendor leasing programs. This company was sold in 1988 to Kleinwort Benson and since then Jeff has been acting as a consultant in related areas. After education at Manchester and Cambridge Universities, he worked as a systems engineer with Marconi and in sales with GEIS and Honeywell Computers.

His responsibilities include the general overseeing of the running of the company and providing expert advise on equipment leasing.

John Lillywhite, aged 66, Non-Executive Director and Deputy Chairman, is a Fellow of the Institute of Management Accountants and has been in the information technology industry for 40 years. In 1997 he stepped down as group finance director of ICL, after a long career with the group. He is chairman or non-executive director of a number of technology companies.

John, in addition to normal board duties, provides the company with direction in compliance and financial matters and serves on the remuneration committee.

Leonard Sim, aged 58, Executive Director, is the inventor of the System, which was conceived while he ran Tellurian, a sales agency in data communication devices and software. Mr. Sim ran technical sales teams for Rockwell Semiconductor, and Ferranti Semiconductor after a period as an electronics engineer at Plessey Radar. He gained an Electronic Engineering degree from Heriot-Watt University, Edinburgh in 1971.

Leonard's responsibilities include business development, marketing and overseeing the engineering team

Anthony Bone, aged 57, Non-Executive Director, spent over 30 years in the IT industry with ICL, from hardware design, software design, consultancy and then general management. In 1988 he was one of the founder directors of the OSI Group which specialised in program and project management, IT, and change consultancy. OSI was acquired by the FI Group plc in 1999. Mr. Bone now acts as an investor and non-executive director of a number of high technology companies.

Tony , in addition to normal board duties, provides advice in product strategy and development to the company as well as serving on the remuneration committee..

Steve Drake, Chief Operating Officer has been involved in the electronics industry from the outset of his career in support, purchasing and manufacturing operations. Prior to joining the company Mr. Drake was operations manager for Motorola Inc. and he was appointed to the Lo-Q board in January 2005.

Steve is responsible for park operations and product manufacturing, where he liases with our manufacturing subcontractors. His park operations duties require that he spends a large proportion of his time in the USA.

Management

The Group currently has a further 8 full time and 4 part-time employees based in Henley, with 6 full time staff based in Douglasville.