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Guestlogix (T.GXI) inks 4-yr renewal and expansion deal with top Asia Pacific carrier

Stockhouse Editorial
0 Comments| August 28, 2014


Guestlogix (TSX: GXI, Stock Forum) strengthened its game as the company announced today that it had signed a 4-year renewal and expansion agreement with a flag carrier in Asia Pacific for the continues use of the company’s retailing technology including platform and POS handheld device upgrades, firmly establishing the company’s footprint in the region.
 
According to the news release, as a result of the deal, the company will also deploy its ancillary Insights™ platform in an effort to improve transparency and optimize the airline’s onboard retail experience.
 
The renewal agreement will represent over 20 million passenger trips per annum for the company.
 
Company President and CEO, Brett Proud, commented on the deal, “We are pleased to have earned the continued trust and confidence of this Asia Pacific carrier, and remain committed to providing seamless retailing onboard its fleet.”
 
He went on to explain, “With this renewal and technology upgrade, we will implement our PCI-compliant handheld POS devices to enable Chip & PIN payments onboard, further protecting both the airline and its passengers. At the same time, our business intelligence platform will be deployed to gain further insights into the airline's retail performance, enhancing its ability to make informed business decisions.”

 Ilia Kostov, EVP Global Sales & Product Strategy, added, “Providing our customers with reliable service and solutions is at the heart of what we do at GuestLogix, and this agreement demonstrates our ability to deliver best-in-class offerings to the global airline industry.”
 
Then he concluded, “As we focus on growing our footprint in the opportunistic Asia Pacific region, we are equally as keen to nurture existing customer relationships to maintain their business and loyalty into the future."
 
Guestlogix was in the news recently when the company reported Q2 financial results in the middle of August.
 
Currently there are 91.9m outstanding shares with a market cap of $110.2 million.


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