Annual General Meeting Statement

RNS Number : 5967P

Oxford Metrics PLC

18 February 2021

 

18 February 2021

Oxford Metrics plc

("Oxford Metrics" or the "Group")

Annual General Meeting Statement

Oxford Metrics plc (LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets, will hold its Annual General Meeting ("AGM") at 5.00pm today.

At the AGM, Nick Bolton, Oxford Metrics CEO, will make the following statement:

"The Board is pleased to announce that Oxford Metrics has made a good start to the new financial year. The Group is currently trading in-line with achieving market expectations for the full year ending September 2021. With a broader range of motion measurement applications emerging, Vicon has started the year well with strong trading in Asia Pacific. Yotta continues to generate reliable and growing levels of recurring revenue as customers continue to prioritise digital transformation in public asset management to enable remote working.

Oxford Metrics is a resilient business well placed to adapt to the post-pandemic economy. In line with previous years, the Group expects to be second half weighted in terms of revenue and remains encouraged by the strong pipelines building across the business. The Board remains confident of the Group's prospects for the year and will provide further information on trading when it announces interim results for the six months ending 31 March 2021."

For further information please contact :

Oxford Metrics                                                                                                                      [phone]

Nick Bolton, CEO

David Deacon, CFO

Numis Securities Limited                                                                                                    [phone]

Simon Willis / Hugo Rubinstein / Matthew O'Dowd

FTI Consulting  [phone]

Matt Dixon / Emma Hall / Jamille Smith / Greg Hynes

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 market-leading divisions: our motion measurement division, Vicon, and our infrastructure asset management division, 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, Amey in the UK and VicRoads in Australia.

Founded in 1984, the Group is headquartered in Oxford with offices in Leamington Spa, Gloucester, California, Colorado, Singapore and Auckland. 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

 

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