GuestLogix Signs Multi-Year Agreement with Finnair Travel Retail Oy
Company to Deploy Leading POS Technology Including Full Pre-Order
Functionality for Scandinavia's Largest Airline Finnair
TORONTO, ONTARIO -- (Marketwire) -- 11/13/12 -- GuestLogix Inc.
(TSX:GXI), the leading global provider of onboard retail and payment
technology solutions to airlines and the passenger travel industry,
today announced a multi-year agreement with Finnair Travel Retail Oy
to deploy its technology platform including components from the
Initium Onboard product suite onboard Finland's flag carrier,
"We are excited to welcome Finnair to GuestLogix' customer base,"
said GuestLogix President & CEO, Brett Proud. "This new agreement
strengthens our leadership status in the market as well as
illustrates the value of the Initium Onboard product suite. Europe
remains a key growth focus for GuestLogix, and we are excited about
the resurgence of growth in the region."
Finnair Travel Retail, Finnair's wholly owned subsidiary responsible
for Finnair tax free sales at airports and on the company's airlines,
will use GuestLogix' handheld POS devices to transact Chip & PIN
payments for duty-free items, food and beverages across Finnair's
entire fleet. The Company will also deploy the pre-order
functionality for Finnair Shop that will allow passengers to
pre-order duty-free items prior to their trip and synchronize for
fulfillment onboard the aircraft.
"We were extremely impressed by the Initium Onboard product and are
equally enthusiastic about the additional technology offerings
available to us now through GuestLogix," says Timo Kousa, Managing
Director, Finnair Travel Retail. "At Finnair, we continue to set a
new standard for Travel Retail and these new tools will aid us in
enhancing our passenger services and retail management going
In addition to the Initium Onboard product suite, Finnair Travel
Retail will now have access to additional products and services
previously unavailable through Initium Onboard, such as GuestLogix'
OnTouch(R) Analytics platform and in-flight entertainment (IFE)
"At GuestLogix we are continuing in our customer-centric operations
and are thrilled to be bringing Finnair to our growing
customer-base," said Clare Elford, Vice President Client Services,
GuestLogix Europe. "This is an exciting addition, as Finnair
represents a carrier widely recognized for its retail excellence. We
look forward to supporting them in their initiatives today and long
into the future."
Finnair has recently announced higher than average passenger growth
with leisure flight volumes up nearly 30% and a strong focus on
long-haul flight growth to Asia, which presents increased retail
opportunity for the carrier. This new customer win represents more
than 8 million annual passenger trips for GuestLogix.
GuestLogix Inc. (TSX:GXI), the leading global provider of onboard
store technology and merchandising solutions, helps airlines and
other travel operators create, manage, and control onboard retail
environments tailored to their needs and their passengers. GuestLogix
brings a decade of expertise as a trusted onboard transaction
processing partner to airlines around the world. The Company's global
headquarters and centre for product innovation is located in Toronto,
Canada with regional head offices located in Dallas, Texas (serving
Americas) London, UK (serving EMEA), and Hong Kong (serving
Asia-Pacific). Sales and support offices are located in Singapore and
Shanghai. Logistics centres are situated in Toronto, Dallas, London
and Seoul with a software development centre located in India. In
September 2012, GuestLogix acquired U.K.-based onboard retail
technology provider Initium Onboard with clients in Europe, South
America, Asia-Pacific and the Middle East. More information is
available at www.guestlogix.com.
(C) 2012 GuestLogix. All Rights Reserved.
This news release includes certain forward-looking statements that
are based upon current expectations, which involve risks and
uncertainties associated with GuestLogix' business and the
environment in which the business operates. Any statements contained
herein that are not statements of historical facts may be deemed to
be forward-looking, including those identified by the expressions
"anticipate", "believe", "plan", "estimate", "expect", "intend", and
similar expressions to the extent they relate to the Company or its
management. The forward-looking statements are not historical facts,
but reflect GuestLogix' current expectations regarding future results
or events. These forward-looking statements are subject to a number
of risks and uncertainties that could cause actual results or events
to differ materially from current expectations, including the matters
discussed under "Risks and Uncertainties" in the Filing Statement
filed on October 15, 2012 with the regulatory authorities. GuestLogix
assumes no obligation to update the forward-looking statements, or to
update the reasons why actual results could differ from those
reflected in the forward-looking statements.
Media Relations: GuestLogix Inc.
Investor Relations: Equicom
Finnair Media Desk
+358 9 818 4020
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