OMG PLC Annual General Meeting Statement (7083X)
February 23 2017 - 9:00AM
UK Regulatory
TIDMOMG
RNS Number : 7083X
OMG PLC
23 February 2017
23 February 2017
OMG plc
("OMG", "Oxford Metrics", or the "Group")
Annual General Meeting Statement
Oxford Metrics (OMG plc LSE: OMG), the international software
company servicing government, life sciences, entertainment and
engineering markets, will hold its Annual General Meeting ("AGM")
at 2pm today.
At the AGM, Roger Parry, Chairman of Oxford Metrics, will make
the following statement:
"The Board is pleased to announce Oxford Metrics has made a
positive start to the new financial year, with the Group trading
slightly ahead of management expectations at this stage.
This year we are focused on executing our five-year strategic
plan announced in December 2016 which aims to improve the
predictability and profitability of our revenue streams. The first
significant step of this plan, the launch of Yotta's new connected
asset management platform, Alloy, has been well received by
customers and will be available on a Software as a Service (SaaS)
basis.
We remain encouraged by our strong pipelines, and in line with
previous years, the Group continues to be second half weighted in
terms of revenue. Consequently, the Board is confident of the
Group's prospects for the year."
The Company will provide further information on trading when it
announces its interim results for the six months ended 31 March
2017.
For further information please contact:
Oxford Metrics +44 (0) 1865 261800
Nick Bolton, CEO
David Deacon, CFO
FTI Consulting +44 (0) 20 3727 1000
Matt Dixon / Emma Appleton
/ Harry Staight
N+1 Singer (NOMAD to OMG) +44 (0) 20 7496 3000
Shaun Dobson / James White
About Oxford Metrics
Oxford Metrics develops and markets analytics software for
motion measurement and infrastructure asset management to clients
in over 70 countries worldwide. Our list of clients across the
globe is as diverse as the markets we operate in; we help highways
authorities manage and maintain their road networks, hospitals and
clinicians decide therapeutic strategies and Hollywood studios
create stunning visual effects. And the diversity of applications
is growing all the time.
The Group trades through two subsidiaries: Vicon and Yotta.
Vicon is the world's leader in high precision motion measurement
analysis to thousands of customers worldwide, including Guy's
Hospital, EA Sports, MIT and NASA and our software is used in an
ever expanding range of applications. Yotta provides cloud-based
infrastructure asset management software to central and local
government agencies and other infrastructure owners. Yotta has a
large number of high profile clients including Highways England and
Amey in the UK and VicRoads in Australia amongst others.
Founded in 1984 our Group is headquartered in Oxford with
offices in Leamington Spa, Gloucester, California, Colorado and
Singapore. Since 2001, Oxford Metrics (LSE: OMG), has been a quoted
company listed on AIM, a market operated by the London Stock
Exchange.
For more information about Oxford Metrics, visit
www.oxfordmetrics.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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