Contract Win
OMG PLC
18 December 2007
18 December 2007
OMG plc
Contract win
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, is pleased to announce that it has been
awarded a large-scale integrating project ('IP') by the EU. This is a contract
under the EU's Seventh Framework Programme for Research and Technological
Development, in the call for Cognitive Systems, Interaction and Robotics.
OMG is part of a consortium working on dextrous robotic manipulation. OMG's role
will be primarily in acquiring accurate hand motion data for transfer to robot
hands performing complex manipulation tasks. The project is a 4 year project and
OMG has been awarded a budget of €491,000 (£350,000). The project is expected to
start in February 2008.
This is the second EU IP win for OMG. The first one started in October 2006 and
will last for 5 years with a budget of €305,000 (£218,000). The main goal of
this IP is to improve ways of transferring skills in medicine, rehabilitation,
robot programming by demonstration and sport, with OMG developing new motion
capture technologies as part of the project. Both projects are being carried
out by the Vicon research unit in Oxford.
Nick Bolton, CEO of OMG plc, noted,
'These grant-aided projects provide an excellent opportunity for Vicon to engage
in medium term research and development, with a view to new product development,
with the high profile support of the EU.'
Exchange rate is £1: €1.398
-ends-
Contacts
OMG plc 01865 261800
Nick Bolton, Chief Executive
Peter Wharton, Finance Director
Financial Dynamics 020 7831 3113
Juliet Clarke / Hannah Sloane
Evolution Securities 020 7071 4300
Jeremy Ellis
About Seventh Framework Programme
The Seventh Framework Programme for research and technological development (FP7)
is the European Union's main instrument for funding research in Europe. FP7,
which applies to the years 2007-2013, is the natural successor to the Sixth
Framework Programme (FP6), and is the result of years of consultation with the
scientific community, research and policy making institutions, and other
interested parties. Since their launch in 1984, the Framework Programmes have
played a lead role in multidisciplinary research and cooperative activities in
Europe and beyond. FP7 continues that task, and is both larger and more
comprehensive than earlier Framework Programmes. Running from 2007 to 2013, the
programme has a budget of 53.2 billion euros over its seven-year lifespan, the
largest funding allocation yet for such programmes.
http://ec.europa.eu/research/fp7/pdf/fp7-brochure_en.pdf
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), 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 it 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 Yotta, our 3D mapping business, which collects and analyses
highway data and street level imaging and which, following the acquisition of
DCL in July 2007, offers the most accurate and complete highway survey
available.
Oxford Metrics' global clients in science, medicine, sport, engineering, gaming,
film, broadcast and 3D mapping 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, Square Enix and in 3D
mapping and highway surveys: Mouchel Parkman, Atkins, and Oxfordshire, Cumbria,
Derbyshire and Pembrokeshire County Councils as well as many others.
For more information about OMG and its subsidiaries, visit www.omg3d.com,
www.vicon.com, www.2d3.com or www.yotta.tv
This information is provided by RNS
The company news service from the London Stock Exchange