OMG PLC
27 November 2006
27 November 2006
OMG plc
Contract Win
First contract win for Geospatial Vision
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 the signing of
its first contract for its Geospatial Vision division.
As announced at the time of the interim results, Geospatial Vision was
established as part of OMG's strategy of expansion through leveraging existing
technology in new vertical markets. The division focuses on street-level
geospatial imagery and provides new technologies for the management and
maintenance of key national infrastructures.
The agreement, with a UK local authority, is the first contract to be signed by
the division. Under this agreement, OMG will be using its recently commissioned
vehicle to complete an in-depth highway survey. This will involve capturing
street-level video and automatically extracting asset data to provide the local
authority with a register of assets, identifying the type of asset and key
attributes such as the size, colour and location.
Nick Bolton, Chief Executive of OMG plc, commented,
'We are very pleased that our strategy of applying our high technology
intellectual property to vertical markets with good growth prospects is starting
to pay off. The pilot studies continue with other potential customers and the
response has been very encouraging.'
-ends-
OMG plc 01865 261800
Nick Bolton, Chief Executive
Peter Wharton, Finance Director
Financial Dynamics 020 7831 3113
Juliet Clarke
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