Dynamic Attractions has been awarded contracts worth $73m for two ride systems under the terms of its previously announced five year strategic cooperation agreement with a theme park conglomerate in Asia.
Under the contracts, Dynamic Attractions will be supplying one of its proprietary ride systems to two different theme parks currently under construction. The company has completed the design and manufacturing requirements in two prior contracts. The supply portion of the contracts will be executed over the course of 24 months.
The strategic cooperation agreement grants Dynamic Attractions preferred vendor status and is expected to result in a third ride system award for the same ride system before the end of the fiscal year.
“We are tremendously honoured with the trust that this client has placed in us with the marquee attraction in multiple parks,” states Hao Wang, president and chief operating officer, Dynamic Attractions Ltd. “It reinforces Dynamic’s strategic product portfolio and operational positioning to support the expanding global theme park industry. Delivering on our commitments is a primary focus, and having the capability to engineer and deliver iconic ride systems concurrently gives Dynamic Attractions a significant competitive advantage.”
The five year agreement demonstrates Dynamic Attractions strategy to innovate, manufacture and deliver media-based attraction ride systems appeals to the global leaders in theme park operations.
“Major theme park operators are investing in new attractions at record levels and we continue to prove that our existing ride products are iconic and best in class,” adds Wang. “Dynamic is focused on delivering innovative products and high-value solutions to our customers.”