Annual General Meeting Statement

RNS Number : 1593A

OMG PLC

15 March 2013

 



15 March 2013

OMG plc

Annual General Meeting 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") at 4pm today.

At the AGM Anthony Simonds-Gooding, Chairman of OMG, will make the following statement:

"The Board is pleased to announce that OMG has had a good start to the current financial year. Group revenue continues to develop in line with management expectations.

On a divisional basis, Vicon has had a solid start to the year; Yotta's Horizons software continues to gain traction adding three new customers to its Software as a Service (SaaS) offering in the period; in 2d3 we have increased investment in the business to lay a strong foundation for future growth and enhance opportunities for a positive outturn over the full financial year; as for our consumer arm, OMG Life, our focus on bringing a premium product to market remains a priority and we continue to be excited about the prospects for Autographer, the world's first intelligent, wearable camera.

As is typical of the Group, we continue to be second half weighted in terms of revenue. However, our pipeline is encouraging and despite increased investments within 2d3 and OMG Life to provide a platform for growth, the Board remains confident in achieving market expectations for the full year."

The Company will provide further information on trading when it announces its interim results for the six months ended 31 March 2013.

ENDS

For further information please contact:

OMG plc	[phone]
Nick Bolton, CEO
David Deacon, CFO
FTI Consulting	[phone]
Matt Dixon / Emma Appleton / Charles Palmer / Jessica Liebmann
N+1 Singer (NOMAD to OMG)	[phone]
Shaun Dobson / Jenny Wyllie

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), or children with Cerebral Palsy, rehab patients and animals (for medical, life science and research industries); or recording the condition of highways and the assets that surround them; or even providing image intelligence and situational awareness from drone aircraft. Through this diversified offering the Group has earned its strong international reputation for precision from pixels.

Founded in 1984, the Group is headquartered in Oxford, UK, and has four offices in the US and two in the UK. 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 four operating subsidiaries:  Vicon, the world's largest motion capture and movement analysis company, 2d3, a manufacturer of specialised image understanding software for defence applications, Yotta, our highways surveying business and OMG Life our new consumer subsidiary.

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 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 and Square Enix. In highways, clients include East Sussex, Lancashire, Transport for London, Cheshire East and West as well as many others.

For more information about OMG, visit www.omgplc.com.

 

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