Company's Industry-Leading Technology Continues to Support KLM's Onboard Duty Free Programs
TORONTO, ONTARIO--(Marketwire - April 2, 2012) - GuestLogix Inc. (TSX:GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced that KLM Royal Dutch Airlines has renewed their agreement with GuestLogix for the continued use of the Company's Onboard Retail Technology Platform across its entire fleet, serving 135 destinations from its hub at Amsterdam Airport Schiphol.
"This renewal with KLM highlights GuestLogix' continued market leadership as the preferred inflight duty free technology provider in Europe," said Tom Douramakos, President and CEO of GuestLogix. "We look forward to continuing our support of KLM's onboard ancillary revenue initiatives going forward, with new capabilities, new services and new technology offerings."
KLM, one of Europe's top ten airlines, has been a customer of GuestLogix since 2009, when the Company first deployed its Onboard Retail Technology Platform and handheld POS devices across the KLM fleet.
"GuestLogix' Onboard Retail Technology has been onboard of KLM over the past three years and this renewal signifies our continued adaptation to payment card industry standards together with GuestLogix providing the technology solution available," said Koos Kruijswijk, Director Inflight Retail & Media at KLM Royal Dutch Airlines. "Our aim is to offer our customers an enhanced experience onboard through more variety and convenience when it comes to buying in the sky."
"This renewal signifies KLM's confidence in our regional team and recognizes our efforts in providing responsive service and support," said Richard Cushing, Senior Vice President and General Manager for GuestLogix Europe.
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-Pac). A sales and support office is located in Singapore. Logistics centres are situated in Toronto, Dallas, London and Seoul with a software development centre located in India. More information is available at www.guestlogix.com.
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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 February 27, 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.