Six Flags Contract Extension

RNS Number : 3068O

Accesso Technology Group PLC

08 February 2016

 

08 February 2016

accesso^® Technology Group plc

("accesso" or the "Group")

Six Flags extends accesso® ticketing and queuing partnership through 2025

 - Key contracts with major customer extended until the end of 2025 -

- Long-term extension of relationship highlights value of accesso's innovative product offerings -

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, today announces an extension to its existing ticketing and queuing agreements with Six Flags Entertainment Corporation, the world's largest regional theme park company, to continue providing its solutions to Six Flags' 18 parks across North America until the end of 2025 ("the Agreements").

The extension of the partnership means Six Flags will continue to utilise both the accesso LoQueue^SM virtual queuing solution, sold as "THE FLASH Pass" in Six Flags parks, and the accesso Passport^® ticketing suite to power its ecommerce experience.   The accesso LoQueue virtual queuing solution allows guests to get more out of their visit to the park by using virtual queuing technology to minimise their ride wait time.  The accesso Passport eCommerce ticketing solution provides a secure, comprehensive and intuitive shopping experience for tickets, passes and other park offerings on the guest's desktop, tablet and mobile devices.

The simultaneous extension of both Agreements underscores the quality of the group's customer relationship and the value accesso's technology delivers to one of the world's largest theme park operators. Under the terms of the Agreements, accesso expects to generate transactional and repeatable revenue until the end of 2025, notwithstanding Six Flags' one off termination right at the end of 2022.

Commenting, Tom Burnet, Chief Executive Officer of accesso Technology Group plc said:

"This extension follows over a decade of successful partnership with Six Flags and is a reflection of the quality of our solutions and their ability to drive results for our clients and improve experiences for their guests. We are thrilled to extend this important relationship through 2025, and look forward to continuing to offer Six Flags our world class ticketing and queuing technology."

Commenting, Michael Israel, Senior Vice President and CIO of Six Flags said:

"The flexibility and innovation of the Accesso solutions have been fundamental to our park operations for over a decade. We are committed to providing technology that enhances our guests' experiences and Accesso will continue to be a key partner in those efforts."

For further information, please contact:

accesso Technology Group plc	[phone]
Tom Burnet, Chief Executive Officer
John Alder, Chief Financial Officer
FTI Consulting, LLP	[phone]
Matt Dixon, Adam Davidson
Canaccord Genuity Limited	[phone]
Simon Bridges, Cameron Duncan
Numis Securities Limited	[phone]
Etienne Bottari, Simon Willis, Mark Lander

About accesso^® Technology Group

accesso (AIM: ACSO) is the premier technology solutions provider to leisure, entertainment and cultural markets. Our patented and award-winning technology solutions drive increased revenue for attraction operators whilst improving the guest experience.

Our solutions add value to operators at every point of the guest experience with our technology facilitating the key points of contact with their many millions of guests.

·      We drive attendance

The accesso Passport and ShoWare^® ticketing suites are comprehensive, easy-to-use cloud solutions that process tens of millions of tickets every year for assigned seat and general admission venues, enabling operators to maximize up-sell and cross-sell with ease to drive greater revenue.

·      We handle payments

Our payment gateway carries level 1 PCI security certification and 24/7 support.  It provides the tools, security and support operators need to drive sales and has so far processed more than $5 billion in transactions.

·      We take guests out of line

The accesso LoQueue virtual queuing solutions allow guests to reduce the amount of time waiting for park attractions by electronically holding their place in line, so they can spend more time enjoying all the venue has to offer.

·      We simplify point-of-sale

Our accesso SiriuswareSM point-of-sale solution offers software modules that combine ticketing, membership, retail, food/beverage transactions, rentals, credit card processing and many other functions into a single system eliminating the need for separate systems and databases.

·      We increase engagement

accesso enables operators to engage more deeply and profitably with guests: pre-sale, in-attraction or post-visit.  Our mobile apps have provided millions of guests with rich iOS and Android content to better plan their visit, buy their ticket on-the-go and unlock new experiences within an attraction. 

More than 900 attractions and venues worldwide currently employ accesso technology - from theme parks, water parks, cultural attractions, live performance venues and sporting events to ski and snow parks.  We are proud that our solutions are trusted by the majority of the leading names in the leisure industry including Six Flags Entertainment, Cedar Fair Entertainment, Merlin Entertainments, International Speedway Corporation, Palace Entertainment, Compagnie des Alpes and Herschend Family Entertainment.

accesso is a public company, listed on AIM: a market operated by the London Stock Exchange. For more information visit: www.accesso.com.

About Six Flags Entertainment Corporation

Six Flags Entertainment Corporation is the world's largest regional theme park company with $1.2 billion in revenue and 18 parks across the United States, Mexico and Canada. For 55 years, Six Flags has entertained millions of families with world-class coasters, themed rides, thrilling water parks and unique attractions.  - See more at: sixflags.com.

 

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