Contract Win
OMG PLC
28 August 2007
28 August 2007
OMG plc
Contract Win
Another Contract win for 2d3 with UK Ministry of Defence
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 it has signed
another contract with the UK Ministry of Defence (MoD), worth £475,000 over two
years, as part of the 'Competition of Ideas' (COI) initiative.
The contract is within OMG's 2d3 division, which develops advanced image
processing software for defence and visual effects. 2d3's proposal, which has
won funding by the MoD, recommends using its image processing software for
vehicle tracking and target geolocation by integrating its Vision-Based Tracking
(VBT) technology with complementary Global Positioning (GPS) and Inertial
Navigation (INS) systems, in order to offer improved reconnaissance vehicle and
target geo-location accuracy.
Historically the subsystems used to estimate vehicle location and target bearing
and range have operated independently of each other, but OMG's new proposed
system will combine these tasks in a single autonomous process which will
improve the accuracy of precision targeting. The combined technology is
initially proposed for use on Unmanned Aerial Vehicles (UAVs), although can be
applied to any aerial or ground reconnaissance vehicle in order to lead to more
accurate target geolocation.
The 'Competition of Ideas' (COI) is a new initiative from the MOD's Research
Acquisition Organisation (RAO) as part of the MOD's commitment to developing the
defence supplier network and providing leadership in investment for science,
technology and engineering in particular to the SME and academic sectors. This
initiative encourages the best innovators from across Britain to bid for a
contract to develop their ideas further to help meet key defence challenges.
With an initial budget of £10 million per annum, COI seeks the best new
scientific and technology-based ideas that can rapidly be turned into equipment
for the Armed Forces.
Nick Bolton, chief executive of OMG plc, commented,
'I am delighted that our COI proposal, out of so many, has been endorsed in this
way. I am hugely excited by this project which I have no doubt will be an
enormous success. The integration of our Vision-Based Tracking technology with
other navigation subsystems will offer greatly improved targeting accuracy.
This latest win highlights not only how our diverse technology can meet
different needs, but also the innovative nature of our company which we will
continue to encourage.'
-ends-
OMG plc 01865 261800
Julian Morris, Deputy Chairman / Peter Wharton, Finance Director
Financial Dynamics 020 7831 3113
Juliet Clarke / Hannah Sloane
Evolution Securities (NOMAD to OMG) 020 7071 4308
Jeremy Ellis
About 2d3
To date 2d3's automatic camera tracking software has been used primarily by the
movie industry. In 2005 OMG decided to apply its technology to Unmanned Aerial
Vehicles and in December 2005 the Group announced an initial project with
QinetiQ to recover 3D information from airborne video imagery which was
completed in September 2006. OMG exhibited its capabilities for the first time
at the Farnborough Air Show 2006 and again at the Association for Unmanned
Vehicle System International (AUVSI) show in Florida in August 2006 and
Washington D.C. in August 2007. It has further invested in this area during the
first half of this current financial year.
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 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.
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.yotta.tv
This information is provided by RNS
The company news service from the London Stock Exchange