TIDMOMG
OMG PLC
06 September 2016
6 September 2016
OMG plc
("OMG", "Oxford Metrics", or the "Group")
Yotta Contract Extension
- Yotta extends Horizons contract with Amey Plc into international markets -
- Enables Amey to deploy Horizons at customer sites in UK, Australia, New Zealand and Spain -
OMG plc (LSE: OMG), the technology group providing Computer
Vision products and services for the entertainment, life science,
engineering industries and consumer electronics markets, announces
its infrastructure asset management arm, Yotta, has won a five-year
expansion of its existing contract with Amey Plc, one of the UK's
leading public and regulated services providers, into international
markets.
The new deal, valued at over GBP1.125 million, allows Amey to
roll out licences for Yotta's visualised asset management solution,
Horizons, to subscribers in Australia, New Zealand and Spain. This
is in addition to those based in the UK where Amey has already
implemented Horizons across a total of 10 projects. The service and
maintenance provider will also be able to use Horizons with an
additional six end customers.
Amey uses Horizons to provide differentiation when bidding for
new projects, which typically include local and regional
authorities and government highways agencies. Once projects are
underway, it also uses the tool to showcase work done and progress
achieved to stakeholders. Moving forward, Amey plans to work
closely with Yotta to address specific customer needs more
precisely.
Amey project teams will make direct use of Horizons on site as
part of customer deployments. The service provider also plans to
use the tool to support its Sheffield-based highways asset
management hub, which is further backed by Yotta technical
expertise.
Dave Brown, Associate Director at Amey Plc, said:
"Horizons helps us win long-term maintenance contracts against
our competitors by enabling us to make a compelling asset
management case from the outset. It also allows us to combine asset
data with our own market expertise to test out different options
and make informed and complex decisions quickly, which in turn
drives savings in asset lifecycle planning. This expansion of our
contract with Yotta provides us with continuity in terms of our
overall approach to asset management, and crucially enables us to
extend the many benefits we are getting into a greater range of
territories."
On securing the contract extension, Nick Bolton, CEO of Oxford
Metrics, commented:
"This contract extension fulfils two important strategic
objectives for Yotta - the opportunity to grow the business further
internationally and to strengthen important partnerships. Amey is a
world-class service provider, looking to stay agile and innovate so
they can deliver the best possible service for their customers. We
are delighted that Horizons is helping Amey to provide a
differentiated offering and we will continue to work closely
together to help optimise Horizons to meet their specific
customers' needs."
For further information please contact:
OMG plc +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 / Jen Boorer
Notes to Editors
About OMG plc
OMG plc (Oxford Metrics Group. LSE: OMG) is a technology group
providing Computer Vision products and services for the
entertainment, life science, engineering industries and consumer
electronics markets.
The Group's technology is used globally to capture the movements
of actors (for the movie industry), sportsmen and women (for video
games or improving team performance), and children with cerebral
palsy, rehab patients and animals (for medical, life science and
research industries). The technology is also used for the
management of pavement and street furniture. Through this diverse
offering the Group has earned its strong international reputation
for precision from pixels and its unique expertise in imaging
technology.
Founded in 1984, the Group is headquartered in Oxford, UK, and
has two offices in the US and four in the UK. It has customers in
over 65 countries and is a quoted company listed on AIM, a market
operated by the London Stock Exchange. The Group trades through
three subsidiaries: Vicon, the world's largest motion capture and
movement analysis company, Yotta, a provider of software and
services for infrastructure asset management and OMG Life, our IP
licensing business, which is focused on unlocking latent value in
Oxford Metrics' IP.
The Group's global clients spanning the worlds of science,
medicine, sport, engineering, gaming, film and broadcast include:
major hospitals and research facilities such as Guy's Hospital,
Nuffield Orthopaedic Centre, Headley Court and Loughborough
University, engineering industry leaders including: Ford Motor
Company, BMW, Toyota and European Space Agency and in the
entertainment sector; The Imaginarium, Sony, Industrial Light and
Magic, Sega, Nintendo, UbiSoft, EA and Square Enix. In
infrastructure asset management, clients include Highways England,
East Sussex, Kent, Lancashire, Transport for London, UK Power
Network, Cheshire East and West as well as many others. For more
information about Oxford Metrics, visit www.omgplc.com.
About Amey
Amey is a leading UK public and regulated services provider with
over 21,000 employees.
Amey operates over 320 contracts, providing an unrivalled range
of services including utilities, highways, waste management, rail,
justice solutions, social housing and facilities management.
Services are underpinned by the company's leading consulting and
asset management capabilities, which allow it to offer stand-alone
or integrated service solutions to a range of clients. Amey is
owned by Ferrovial. They are one of the world's leading
infrastructure management and investment companies. Ferrovial
employs approximately 65,000 employees and operates in over 25
countries. Ferrovial's activities focus on four business sectors
construction, airports, toll roads and services. Amey is part of
the services division. To find out more, please visit:
www.amey.co.uk
About Yotta
Yotta is a provider of software and services that help customers
transform how they manage their infrastructure assets. Innovation
is at the heart of the Yotta approach; whether in the development
of more efficient or more accurate surveying techniques or in the
development of software that helps make the intangible tangible.
The Yotta Horizons and Yotta Mayrise platforms, used by the
majority of local authorities, national agencies and forward
thinking utility companies across the UK, lie at the heart of
Yotta's ethos - helping organisations use asset data to inform
better operational and strategic decisions. To find out more,
please visit: www.yotta.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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