GALASYS PLC
3 December 2014
Galasys PLC
("Galasys" or "The Group")
Galasys Launches Cloud Online Travel Agent ("CLOTA") Platform
Galasys PLC, a leading provider of ticketing systems and solutions to the fast growing theme park industry in Asia , is pleased to announce the launch of CLOTA, its cloud based online service platform after nearly a year of intensive development. CLOTA is a key component of Galasys' strategy to develop a fully integrated B2B online sales and distribution network connecting online travel agencies ("OTAs") with theme park operators and owners in Asia.
Following a successful soft launch, CLOTA already has 5 OTAs and 8 theme parks integrated and ready to transact, and Galasys looks forward to adding more partners to CLOTA in due course.
CLOTA
CLOTA is a middleware platform that allows theme park operators and owners to open up new sales channels, in addition to the traditional offline channels, by connecting their ticketing systems with the OTAs enabling the sale of tickets online, via the OTAs in real time, direct to the end customer.
Upon the completion of an online transaction via CLOTA, the customer receives an electronic QR™-coded ticket via their mobile phone and via email. With the QR™-code, the customer is able to gain entry to the theme park either by validating the QR™-code at the park admission gates or at self-service ticketing vending kiosks.
CLOTA is a development of one of Galasys' key software modules, the Intelligent Cloud that was developed in 2011. The launch of this software module was a great success for a number of the Group's theme park clients as it generated substantial new online ticket sales for these clients and created a new sales channel for them through the OTAs. The successful IPO in May has provided the funding necessary to accelerate the CLOTA development programme and has enabled the Group to launch it as planned.
As outlined at the time of the IPO, CLOTA forms a key part of the Group's growth strategy bringing both new sales channels and a new revenue model based on a share of revenue per ticket sold. With over 100 million tickets being produced annually by Galasys ticketing systems in parks across Asia the launch of CLOTA will provide the group with the opportunity to capture a share of the revenues generated by those ticket sales.
Significantly, CLOTA is a universal platform that can be employed by all park operators and owners regardless of the ticketing system installed, be it a Galasys ticketing system or a system provided by another supplier. Since the soft launch several months ago, CLOTA has been well received by Galasys' theme park clients.
Collaboration with OTAs & Theme Parks
To date Galasys has signed up 5 OTAs, namely Beijing Qunar Software Technology (Qunar.com), Ctrip.com International Ltd ， Shanghai Lvmama International Travel Agency Co. Ltd, Sichuan Brigade Butler Network Technology (Lvxiaobao) and Chengdu Chenyu Culture Communication Co., Ltd. These OTAs account for a majority of the online travel traffic in China with Ctrip dominating the China online travel market with 54.2% market share.
8 theme parks have been signed up so far and are now fully integrated into CLOTA including Wugang Xianglong Valley Water Park, Gui Lin Yugui Park Universal theme park, Seven Colour Sand River Water Park, Wuhan Mulan Park and Shanxi Water Park. The Directors estimate that the aggregate visitorship at these theme parks for 2014 will be between 3.5 million to 4 million.
Commenting on the announcement, Mr. Seah, Chief Executive of Galasys, said:
"This is a significant step by Galasys into the online sphere and is part of our planned transformation to correlate our revenue and growth more closely to the number of visitors to our installed sites. We will continue to grow our CLOTA platform by signing up more parks and OTA partners in the coming months. The tie up with Qunar and Ctrip, the two OTA giants in China, is a testament to Galasys' track record in China and an endorsement of our CLOTA platform.
With 98 installed sites and over 100 million tickets printing via our ticketing system annually, we are excited by the possibility of channeling the sale of some of these tickets through CLOTA."
Enquiries:
Galasys PLC | + 6032858 9959 |
Teh Kim Seng - Non-executive Chairman Sean Seah - Chief Executive Officer | |
Arden Partners | 0207614 5900 |
James Felix | |
Optiva Securities Limited | 0203 137 1902 |
Jeremy King | |
Newgate Threadneedle | 0207 653 9850 |
Adam Lloyd Heather Armstrong |
About Galasys
www.galasystec.com
Galasys is a leading integrated and modular amusement park solutions and services provider to premier amusement parks in China and South East Asia. Through its proprietary systems, the Group provides amusement park operators with the ability to sell, manage and analyse tickets, visitors, merchandise sales and other amusement park operations. It has been operating since 2005 and supplies solutions and services to 98 amusement parks in China and South East Asia. The Group has invested more than 50 man-years in R&D and owns the intellectual properties to its software and systems.
The Group's first ticketing management system contract was awarded in 2005 by Chime Long Group. The Group currently employs and retains more than 140 people across China and in Malaysia.
This information is provided by RNS
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