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Mr. Manmohan Shetty, founder of Adlabs Entertainment Ltd., has announced that his company has entered into an agreement with Premier Rides Inc., one of the world's most innovative theme park attraction developers, to be part of his team that is creating what will be the most advanced theme park in India. The yet to be named park will incorporate the very latest technologies and provide patrons with one-of-a-kind thrills. A carefully guarded secret, the park will debut at a location in India which will be announced in the near future. Mr. Shetty intends to bring to India a world class theme park unlike anything India has seen before.
Premier Rides will incorporate cutting edge features that represent the state-of-the-art in theme park ride design, such as its signature magnetic drive system. Magnetic drive systems are energy transfer devices that provide instantaneous and dramatic acceleration experiences for riders. They allow Premier’s creative experts the freedom to develop rides that are incredibly imaginative and exciting. With no moving parts, the systems are highly reliable and virtually maintenance free.
Jim Seay, President of Premier Rides, commented, “I am extremely honored that Premier has been selected to work with the renowned Manmohan Shetty and his creative team. We look forward to developing one-of-a-kind signature attractions that will certainly provide once in a lifetime memories for millions of people. Mr. Shetty made it clear that quality of experience and quality of product are of the highest importance and Premier will deliver on his direction.”
Seay added, “I am extremely pleased to have the opportunity to help bring to India what will be the most amazing park in the country. India’s dynamic economy is setting a standard for growth and expansion, and we are proud to be part of Mr. Shetty’s vision for a world class entertainment destination.”
Premier Rides will design and fabricate equipment in the United States and export to India using resources through Premier’s recently approved participation in ExportMD, a program administered by the State of Maryland Department of Business and Economic Development (DBED). This program grants participants unique access to global assistance to help steer the company through the many challenges associated with exports.
Regarding the program, Seay commented, “Premier is fortunate to be located in the State Maryland which has an intense focus on building international business and exports. The global economic situation requires companies to be very dynamic and to be able to react quickly where the opportunities are emerging. Maryland’s DBED program is a key element in Premier’s ability to both find business prospects and close on deals. The Adlabs project is a great example of where Premier’s global reach can go.”
These past three years have been intense for NewsParcs. Our magazine, which has been dedicated to the global theme parks industry since 1998, underwent major changes to become one of the most appreciated magazines among many...
CORPORATE | NewsParcs - Published on January 28, 2014
Our Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, financial ...
The NewsParcs' Theme Park Supplier's News of the Week is a round-up of the latest news relative to companies supplying the theme park industry around the world. This weekly report covers topics such as corporate announcements, ...
Our Industry Roundup is a summary of the latest major news related to the theme park industry worldwide. We report news specifically on operators, owners, trade associations and related organizations, including trends, attendance...