Galasys (LON:GLS) says it’s delighted to have won a £274,000 (2.9mln Yuan) theme park contract with Chinese conglomerate Dalian Wanda Group.
It is the first major new customer the firm has received since its successful IPO this month and is to supply ticketing and point-of-sales systems for the first phase of the Wanda Wuhan Movie Park.
The park, in the central city of Wuhan, is spread over 100,000 square metres, and is scheduled to open in December this year, It will be the world’s only film and movie technology park.
It will feature six state-of-the art movie rides and it is expected that more than 3 million tourists will visit each year.
Dalian, whose group assets total around £36.2bn, has invested around £362mln into the project.
Galasys will design and customise the ticketing and point-of-sales systems for the first phase and afterwards provide maintenance and support services for up to three years.
Galasys should receive 95% of its fees once the park has been operational for three months, with the balance paid over the life of the contract.
Chief executive and Galasys co-founder Seah Kok Wah said: “Galasys won this project against competition from local and global ticketing solution providers, which is a testament to our technical merit, existing customer references and the strong local implementation and support team we provide.
“We have committed to place dedicated engineers on-site with Dalian Wanda and we hope this is the first of many contracts with Dalian Wanda which has plans to build several state-of-the-art theme parks in major cities across China.
(Source: http://www.proactiveinvestors.co.uk/companies/news/68762/galasys-delighted-after-wins-movie-park-contract-with-giant-dalian-wanda–68762.html, 22 May 2014)
