OMG's Yotta wins Hounslow Highways PFI Contract

RNS Number : 7341S

OMG PLC

12 November 2013

 



12 November 2013

OMG plc

("OMG" or the "Group")

OMG's Yotta wins Hounslow Highways PFI Contract

-Contract to survey the entire London Borough of Hounslow network-

- Contract is worth up to £100,000 a year to Yotta -

OMG plc, (AIM: OMG), the technology group providing image understanding products for the entertainment, defence, life science and engineering industries, announces that its infrastructure asset management technology arm, Yotta has secured a contract to provide a range of high-tech road surveys and consultancy services to Hounslow Highways, worth up to £100,000 a year. The contract will run for a year with the option to bid again on an annual basis.

Hounslow Highways is a Private Finance Initiative ("PFI") partnership between the London Borough of Hounslow, VINCI Concessions and Ringway. Hounslow Highways began operating the new highways service in the London Borough of Hounslow on 1 January 2013.  The surveys that Yotta will provide include a combined Footway Network and Detailed Visual Inspection survey, Skid Resistance as well as Traffic Speed surveys (SCANNER).

Yotta has worked independently with Hounslow council for a number of years and over the course of this new PFI contract, Yotta will survey the entire Hounslow highway network; totaling 458 miles of footway and 259 miles of carriageway. Yotta has also produced a bespoke survey manual to improve the consistency and repeatability of its visual surveys which will enable Hounslow Highways to make the most from its expertise and support.

By way of background, this project is the result of a historic £800 million, 25-year deal signed by the council in 2013 to improve the highways infrastructure across the borough. In the first five years, during the Core Investment Period, approximately £100 million will be invested through the Special Purpose Vehicle to improve the borough's 259 miles of roads and 458 miles of footpaths. During the first two-years, 16,000 street lighting units will be replaced with low-energy, carbon-efficient LED lanterns.

Rob Gillespie, Service Director, Hounslow Highways, said:

"Yotta understands our network and our survey requirements. We also appreciate what the company can do for us and we have developed a close working relationship. The company's survey team is competent and we get accurate, quality data that helps us with meeting our performance indicators for maintaining and improving the network."

On securing the contract, Nick Bolton, CEO of OMG, said:

"We have worked for several years with the council and this new contract further cements our relationship with Hounslow Highways as it works toward improving the infrastructure across the borough. It's good to be a part of this wider project to upgrade the borough and this is a great opportunity for Yotta."

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

Notes to Editors

About OMG plc

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.

The Group's technology is used to capture 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).  The technology is also used for the management of infrastructure assets or even for providing image intelligence and situational awareness from drone aircraft. Through this diverse 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, a provider of software and services for infrastructure asset management and OMG Life, a 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, Sega, Nintendo, UbiSoft, EA and Square Enix. In infrastructure asset management, clients include Highways Agency, East Sussex, Kent, Lancashire, Transport for London, UK Power Network, Cheshire East and West as well as many others.

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

About Yotta

Yotta is a provider of software and services that help customers transform how they manage their infrastructure assets.

Innovation is at the heart of the Yotta approach; whether in the development of more efficient or more accurate surveying techniques or in the development of software that helps make the intangible tangible. The Yotta Horizons and Yotta Mayrise platforms, used by the majority of local authorities, national agencies and forward thinking utility companies, lie at the heart of Yotta's ethos - helping organisations use asset data to inform better operational and strategic decisions.

While Yotta was set up in 2006, the combined experience in the management of infrastructure assets stretches back more than 30 years; helping customers in highways, street lighting, street works, waste and utilities.

Yotta is part of OMG plc; a successful global technology company listed on the London Stock Exchange.

For more information about Yotta, visit www.yotta.co.uk

 

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