Accesso Technology Group PLC Launch of New Product (1511P)

TIDMACSO

RNS Number : 1511P

Accesso Technology Group PLC

15 November 2016

15(th) November 2016

accesso(R) Technology Group plc

("accesso" or the "Group")

Launch of New Product

accesso Unveils Revolutionary New Smart Wearable, accesso Prism(sm)

accesso Technology Group plc (AIM: ACSO), the premier technology solutions provider to leisure, entertainment and cultural markets, today announces the unveiling of accesso Prism, the most technologically advanced smart park wearable device available.

Introduced today at the IAAPA Attractions Expo in Orlando, Florida, accesso Prism is a compact, un-tethered and lightweight wearable offering a variety of functions that can be adapted for a wide range of venues including theme parks, water parks, ski resorts and museums. Through its swipe-screen interface, these features also make accesso Prism the first device capable of delivering a fully integrated 'smart park' experience where guests and operators can seamlessly interact, enhancing user autonomy and improving the opportunity for venues by increasing their in-park presence with the customer. The new accesso Prism wearable has a multitude of functions including:

-- Virtual Queuing: A waitfree experience as guests reserve their place in line, change their ride selection and monitor their ride-return time.

-- Payments: A walletfree experience with cashless payments via secure Near Field Communication (NFC) technology.

-- Messaging: Push-notifications for proximity-based marketing, operational updates, or status of pending virtual queue position.

-- Photography: Tagging of ride and park photographs for seamless collection throughout the day.

   --      Access: Hasslefree entry at park turnstiles, guest lockers, and resort hotel room doors. 

-- Intelligence: Collects guest journey information and provides valuable data to inform park operations and marketing.

These capabilities position accesso as the technology provider for tomorrow's attractions, increasing the volume and range of in-park spending for the operator, driving transaction-based revenue for the Group, and further embedding accesso at the heart of venue operations. This kind of innovation also increases accesso's product differentiation against industry peers, extending market leadership and helping to accelerate growth.

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

"We're extremely proud to unveil Accesso Prism, a device that sets a new industry standard for in-park wearables and sets the tone for guest experiences in the future. We have invested considerably in the product and we are thrilled to introduce it to the world.

Accesso Prism reaffirms our commitment to product innovation and reflects our ongoing desire to provide best-in-class technology to our customers. "

Commenting, Steve Brown, Chief Executive Officer of accesso Technology Group plc said:

"Untethered by a smartphone or rigorous pre-planning requirements, guests can now enjoy a carefree, hasslefree and waitfree experience when they visit their favorite venue.

With Accesso Prism, we introduce a new way for visitors to enjoy attractions, and for attractions to offer more fun, more convenience, and less waiting for their guests."

For further information, please contact:

 
accesso Technology Group plc            [phone] 
Tom Burnet, Executive Chairman 
 Steve Brown, 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] 
Simon Willis, Mark Lander 
 

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More about accesso Prism(sm)

accesso Prism relies on a breadth of advanced technology that can accommodate the full range of demands presented by venues across the leisure space. This includes:

-- Communication: Robust communication protocols including Bluetooth, long range radio and Secure NFC.

-- Durability: Corning Gorilla Glass(R) lens and waterproof design to withstand rigorous theme park and water park environments.

   --      Ease-of-use: Capacitive touch screen allows for easy operation by guests of all ages. 

-- Standalone operation: No requirement for guests to tether to a smartphone, visit a kiosk or pre-plan their visit.

-- Power efficiency: Advanced hardware and software to provide estimated battery life of over 200 days of virtual queuing operations.

   --      Comfort: Hypoallergenic, one-size-fits-all, high performance strap. 
   --      Adaptability: Multilingual capability for use with visitors from around the world. 

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 while 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(R) and accesso ShoWare(SM) 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

Since 2001 more than 11 million guests have used a patented accesso LoQueue solution to queue less, ride more, enjoy a better experience and increase in-attraction spend.

We simplify point-of-sale

Our accesso Siriusware(SM) 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.

More than 1,000 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 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, trust our solutions.

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

This information is provided by RNS

The company news service from the London Stock Exchange

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November 15, 2016 11:26 ET (16:26 GMT)