TORONTO, ONTARIO--(Marketwire - Nov. 13, 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 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, Finnair.
"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 forward."
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® Analytics platform and in-flight entertainment (IFE) monetization capabilities.
"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.
© 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.