TIDMGLS

Galasys PLC

11 January 2016

11 January 2016

Galasys PLC

("Galasys" or "The Group")

New contracts secured in Fourth Quarter 2015

Galasys PLC (AIM: GLS), a market leading provider of integrated amusement park solutions and services to the fast growing theme park industry in Asia, is pleased to announce that, in the final months of 2015, it has secured 25 new contracts and new project work with a total value of c. GBP1.1 million.

Since September 2015, in addition to the company's ongoing repeat business, Galasys has secured a total of 25 new contracts (7 are new customers, 18 are existing customers buying new services) of which the most significant wins are:

   --     Animation Theme Park Sdn Bhd (MYR1.37 million) (c. GBP215,000)

Asia's First Animation Theme Park built at the cost of MYR450 million (c. GBP70.5 million) in Ipoh, Perak, Malaysia, Movie Animation Park Studios (MAPS) with over 40 attractions in 6 thematic zones. It is targeted to complete in 2016.

   --     East Shenzhen OCT - RMB1.74 million (c. GBP181,000)

Dameisha holiday scenic spot ism a 168 hectare waterfront park is designed by Atkins which encompasses 180,000m(2) of beach, 432m of sunshine long corridor, 13,000m(2) of Sun Plaza, 4,000m(2) of Moon Plaza, 230 parking spaces and beach tourism facilities.

   --     Shanxi Dream Waterpark - RMB1.35 million (c. GBP141,000)

The result of a RMB600 million investment, Shanxi Dream Waterpark is a 30,000m(2) park located in Xiaoyi City, Shanxi Province which is heated throughout the year, allowing full 365 operations. This waterpark is the result of a joint Chinese and American design and can accommodate up to 3 million visitors in a year.

   --     Zunyi Park - RMB891,000 (c. GBP93,000)

Zunyi Park is a 480 acre facility, benefitting from a total investment of RMB500 million (c. GBP 51.4 million) and is located in the heart of Zunyi International Trade City. It is estimated that the park will be able to accommodate up to 8 million visitors in a year.

   --     Midea Egret Lake Forest Resort - RMB800,000 (c. GBP83,000)

The 6,800 acres site is part of a RMB20 billion forest resort rated national 5A by the Chinese government. This park is strategically located close to key transport links such as Pearl River Delta Link Expressway (Jiangzhao high speed), Guangming Expressway and other main highways.

Commenting on the announcement, Mr. Seah, Chief Executive of Galasys, said:

"I am pleased to report that Galasys continues to build on its position as the leading provider of integrated and modular amusement park solutions and services in China and South East Asia. This latest batch of new contracts adds to the Group's already impressive portfolio and I reiterate my confidence in the continuing success of Galasys."

Enquiries:

 
Galasys PLC                               + 6032858 9959 
Teh Kim Seng - Non-executive Chairman 
 Sean Seah - Chief Executive Officer 
WH Ireland (Nominated Advisor & Broker)   0207 220 1666 
Adrian Hadden/Mark Leonard 
Newgate                                   0203 653 9850 
Adam Lloyd/Bob Huxford/Helena Bogle

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 more than 160 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 currently employs and retains more than 140 people across Asia.

In recognition of the quality of the Group's solutions and services, Galasys is a merit recipient for the prestigious 2015 ASOCIO ICT Awards in the category of Outstanding ICT Company.

For more information, please visit www.galasystec.com

This information is provided by RNS

The company news service from the London Stock Exchange

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January 11, 2016 02:00 ET (07:00 GMT)

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