Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOxford Metrics Regulatory News (OMG)

Share Price Information for Oxford Metrics (OMG)

Share Price is delayed by 15 minutes
Get Live Data
47.90    1.90 (4.13%)
Bid:
46.10
Ask:
47.90
Spread: 1.80 (3.905%)
Market Cap: £53.62m
OMG Live PriceLast checked at - London Stock Exchange

Intraday Oxford Metrics Share Chart

2d3 secures landmark contract

3 Sep 2008 07:00

RNS Number : 5927C
OMG PLC
03 September 2008
 



3 September 2008

OMG plc

("OMG" or "the Group")

Contract Win

2d3 AIG secures landmark contract with US Government Agency

OMG plc, Oxford Metrics Group (LSE: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, is pleased to announce that the US arm of 2d3 AIG ("2d3"), the Group's defence business, has secured a second contract win in the United States.

The Defense Threat Reduction Agency (DTRA) has engaged 2d3 to develop a "Proof of Concept" software application to allow users to recreate three-dimensional (3-D) maps of terrain and permit the measurement of objects as viewed from an Unmanned Aerial Vehicle's (UAV) camera. The contract to provide this "Proof of Concept" is valued at approximately US$300,000 and is expected to run for a period of four months.

Today's announcement builds on the early success already enjoyed by 2d3 in the UK defence market where, in July and August 2007, the division succeeded in winning its first engagements with the UK Ministry of Defence.

Nick Bolton, Chief Executive Officer of OMG plc, added:

"This is a landmark contract for our 2d3 colleagues in the US. Not only does this represent a significant endorsement of our technology and capability in the defence space, but it also vindicates our decision to establish our 2d3 US office back in June last year. I am particularly proud to be working with as prestigious an organisation as the DTRA, which is at the forefront of threat detection and deterrence. I hope that the delivery of a successful proof of concept here paves the way for further engagements for OMG in this key marketplace."

Contacts

OMG plc

01865 261800

Nick Bolton, CEO

David Deacon, CFO

Financial Dynamics

020 7831 3113

Juliet Clarke / Matt Dixon

Evolution Securities

020 7071 4300

Jeremy Ellis

  Notes to Editors

About the Defense Threat Reduction Agency (DTRA)

The Defense Threat Reduction Agency safeguards America and its allies from Weapons of Mass Destruction (chemical, biological, radiological, nuclear, and high explosives) by providing capabilities to reduce, eliminate, and counter the threat, and mitigate its effects.

For further information on DTRA visit www.dtra.mil 

About OMG

OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies producing image understanding products and services for the entertainment, defence, life science and engineering industries. Be it for capturing the movements of actors (for the movie industry), sportsmen (for video games or improving team performance), children with Cerebral Palsy, rehab patients and animals (for medical, life science and research industries) or virtual reality displays (for engineering and development), the Group has the world leading market position and a strong international reputation for precision instruments.

Founded in 1984, the Group's headquarters are in OxfordUK, and it has offices in California and ColoradoUSA. It has customers in over 50 countries and is a quoted company listed on AIM, a market operated by the London Stock Exchange. The Group trades through three operating subsidiaries - Vicon, the world's biggest motion capture and movement analysis company, 2d3, a manufacturer of specialised image understanding software for entertainment and defence applications and Yotta, our 3D mapping business, which collects and analyses highway data and street level imaging and which, following the acquisition of DCL in July 2007, offers the most accurate and complete highway survey available.

Oxford Metrics' global clients in science, medicine, sport, engineering, gaming, film, broadcast and 3D mapping include major hospitals and research facilities such as Guy's Hospital, Nuffield Orthopaedic Centre and Loughborough University, engineering industry leaders including Ford Motor Company, BMW, Airbus and Toyota, and in the entertainment sector, Sony, Industrial Light and Magic, The Moving Picture Company (MPC), Sega, Nintendo, UbiSoft, EA, Square Enix and in 3D mapping and highway surveys: Mouchel Parkman, Atkins, and Oxfordshire, Cumbria, Derbyshire and Pembrokeshire County Councils as well as many others. 

For more information about OMG and its subsidiaries, visit www.omg3d.com, www.vicon.com, www.2d3.com or www.yotta.tv

-Ends-

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
CNTBLGDCIXGGGID
Date   Source Headline
1st Jun 20068:00 amRNSChange of Adviser
27th Apr 20067:01 amRNSTrading Statement
28th Feb 200610:58 amRNSHolding(s) in Company
22nd Feb 20067:01 amRNSAGM Statement
19th Jan 20063:24 pmRNSDirector/PDMR Shareholding
20th Dec 20055:43 pmRNSIssue of Equity
7th Dec 20053:40 pmRNSIssue of Equity
6th Dec 20057:02 amRNSPreliminary Results
2nd Dec 20057:01 amRNSContract Win
25th Nov 200511:11 amRNSTrading Statement
29th Sep 20057:01 amRNSTrading Statement
16th Sep 20053:23 pmRNSDirector/PDMR Shareholding
6th Jul 20054:49 pmRNSIssue of Equity
5th Jul 200510:37 amRNSIssue of Equity
28th Jun 20052:41 pmRNSDirector Shareholding
24th Jun 20053:58 pmRNSIssue of Equity
23rd Jun 20054:44 pmRNSDirector Shareholding
23rd Jun 20057:01 amRNSInterim Results
3rd Jun 20053:29 pmRNSHolding(s) in Company
27th May 20057:30 amRNSDirectorate Change
18th May 20057:01 amRNSNotice of Results
1st Apr 200512:45 pmRNSIssue of Equity
23rd Feb 20054:00 pmRNSAGM Statement

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.