Oxford Metrics Regulatory News (OMG)

20 Jan 2009 08:00



20 January 2009

OMG plc

("OMG" or "the Group")

Contract Win

Yotta MVS signs $3.3m US contract

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 Yotta MVS, its US data collection services business, has been awarded a significant contract by an American local government entity.

Yotta MVS, a leading US provider of data collection services for the assessment of property taxation, has been selected by Miami-Dade County, Florida to carry out a physical inspection of all properties in the County area. This inspection will see Yotta MVS capture and provide images of over 550,000 parcels in the County for use in assessing property taxation applicable to each building and land parcel. 

The contract will run for five years with Miami-Dade County and is expected to be worth approximately US$3.3m to Yotta MVS.

Announcing the contract award Nick Bolton, Chief Executive Officer of OMG plc, said:

"This is a fantastic achievement, the first significant contract to be awarded to Yotta MVS as a part of the OMG family. Miami-Dade's decision to choose Yotta MVS for its survey is a clear endorsement of the quality and scope of the combined Yotta MVS offer and it gives me great confidence in the long term prospects for our business in this key market."

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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 Oxford, UK, and it has offices in California and Colorado, USA. 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 Mobile Video Services, Inc. in April 2008 is a leading US provider of data collection services for the assessment of property taxation. 

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. 

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