Oxford Metrics Regulatory News (OMG)

10 Dec 2009 07:00



10 December 2009

OMG plc

('OMG' or 'the Group')

Contract Wins

Yotta DCL signs its largest ever contract worth £4m to £5m over 4 years and Vicon USA closes its largest deal of the year

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 DCL, its UK Highways Surveying business, and Vicon USA have both won significant new contracts.

The Welsh Assembly Government awarded the contract after an open competitive process to Yotta DCL, a leading provider of highways condition and asset surveys in the UK, to undertake condition surveys across the total road network in Wales. The contract covers a range of survey types including SCANNER, skid resistance, Deflectograph, CVI and DVI, with an expectation of 15,000km of SCANNER each year. The contract covers all road classes from local roads in all 22 Local Authorities to the trunk road network managed by the Welsh Assembly Government. The data will be used to help Local Authorities plan maintenance more effectively as well as report at a national level the condition of their road networks. 

The contract will run for four years and is expected to be worth £4m to £5m over this period. 

In addition, OMG is pleased to announce that Vicon USA has won a deal worth $0.5m to supply a Vicon T160 motion capture camera system. 

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

"The Welsh Assembly Government deal is a fantastic achievement and is the largest contract ever won by an OMG subsidiary. The contract vindicates our investment in Yotta DCL which has improved the Group's revenue visibility and predictability. Surveying will commence in earnest from January 2010 and will help to further underpin our revenue expectations for Yotta DCL in the current financial year. 

"Despite the fact that the USA has been a tough market of late, we are delighted to announce that Vicon USA have just closed their largest deal so far this financial year."

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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. 

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