AGM Statement
OMG PLC
16 February 2007
16 February 2007
OMG plc
AGM Statement
OMG plc, Oxford Metrics Group (LSE: OMG), ('OMG' or 'the Group') the technology
group providing image understanding products for the entertainment, defence,
life science and engineering industries, will hold its Annual General Meeting
(AGM) today.
At the meeting Anthony Simonds-Gooding, Chairman, will make the following
statement:
'The past year has been a period of both exciting growth and significant change
for the Group, as outlined in our last set of results.
'The Group is now witnessing the first fruits of its shift in strategy - whilst
continuing to strengthen our core business, our aim has been to establish new
markets where we can capitalise on our existing technology base to achieve
consistent and exciting long term growth.
'To this end, we have established new business lines firstly in imaging
technology for the burgeoning Unmanned Aerial Systems market. Our appeal in this
market continues to grow as we demonstrate our unique technological capabilities
and engage in an increasing number of sales campaigns in both the US and UK
markets.
'Secondly, during the past 12 months we have created a new business in
street-level imaging, through our Geospatial Vision subsidiary, undertaking
asset surveys for highways operators and acquiring a mass of 3D mapping
information. This business goes from strength to strength reflected in the two
contracts previously announced in this financial year.
'Trading in the rest of the business remains in line with expectations. From a
shareholder's perspective, all this means OMG offers an intriguing spread of
attributes, ranging from proven performance to bold new entrepreneurial ventures
and growth opportunities.'
-ends-
OMG plc 01865 261800
Nick Bolton, Chief Executive
Peter Wharton, Finance Director
Financial Dynamics 020 7831 3113
Juliet Clarke / Hannah Sloane
About OMG
OMG plc (Oxford Metrics Group. LSE: OMG) is a group of technology companies
producing image understanding solutions 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 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 Geospatial Vision, our 3D mapping business.
Oxford Metrics' global clients in science, medicine, sport, engineering, gaming,
film and broadcast 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, Caterpillar, and
Toyota, and in the entertainment sector, Sony, Industrial Light and Magic, The
Moving Picture Company (MPC), Sega, Nintendo, UbiSoft, EA, Square Enix and many
others.
For more information about OMG and its subsidiaries, visit www.omg3d.com,
www.vicon.com, www.2d3.com or www.geospatialvision.com.
This information is provided by RNS
The company news service from the London Stock Exchange