Business
Lo-Q is honoured with Queen's Award
Lo-Q is honoured with Queen's Award.
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[{"type":"text","content":"\n \nRNS Number : 3156F Lo-Q PLC 21 April 2011 \n \n\n21 April 2011\nLo-Q plc\n(\"Lo-Q\" or \"the Company\")\n \nLO-Q IS HONOURED WITH THE QUEEN'S AWARD FOR INTERNATIONAL TRADE \n Lo-Q plc (AIM: LOQ), the AIM listed provider of virtual queuing systems for theme parks and major attractions, is proud to announce it has been awarded a 2011 Queen's Award for International Trade, in recognition of its outstanding business success in international markets. \nThis is the first time that Lo-Q has won a Queen's Award and is due to its success in more than doubling exports and increasing overseas sales by 120% over the past three years. Over 90% of Lo-Q's sales are overseas, mainly in the USA, with a growing presence in Australia, Italy, Spain & Germany as well as the UK. \nThe Queen's Award is an awards programme for British businesses and other organizations who excel at international trade, innovation or sustainable development. They are the highest official UK awards for UK businesses. To be awarded the Queen's Award for Enterprise in the category of International Trade, a company must show a substantial and sustained increase in export earnings over three consecutive 12-month periods, to a level which is outstanding for the products and services concerned, and for the size of the organization. \nTom Burnet, CEO of Lo-Q commented: \"We are immensely proud to receive this recognition in our home market for our contribution to the UK's international trade. This prestigious award recognizes the success we have had in establishing presence in the international trading market in a short period of time. Our dedication to innovation & technology has helped us become the leading provider of virtual queuing systems for the amusement industry around the world and we are proud to be recognized for our efforts.\"\nCelebrating 10 years in operation in 2011, Lo-Q's virtual queuing systems are available at 11 Six Flags parks across the U.S., Dollywood, Blackpool Pleasure Beach, Heide Park, Legoland UK, Parque de Atracciones Madrid, Mirabilandia Italy and many more. \nContacts:\n\n\n\n\nLo-Q plc\n\n\nTom Burnet, Chief Executive\n\n\nTel: 0118 934 7400 \n \n\n\n\n\nCanaccord Genuity Limited \n \n\n\nSimon Bridges/Kit Stephenson\n\n\nTe...