Strategic partnership with Sandbox VR

RNS Number : 9264S

Oxford Metrics PLC

15 March 2019

 

15 March 2019

Oxford Metrics plc

("Oxford Metrics", the "Company" or the "Group")

Strategic partnership with Sandbox VR

Sandbox VR purchases five Vicon systems

Oxford Metrics plc (LSE: OMG) the international software company servicing government, life sciences, entertainment and engineering markets is pleased to announce that Vicon, a world leader in motion measurement, has agreed a strategic partnership with Sandbox VR targeting the fast-growing Location-based Virtual Reality ('LBVR') market.

Sandbox VR is a market leader in LBVR with a total of seven active locations. Their latest and most ambitious experience, Amber Sky 2088, will be powered by Vicon Evoke, part of Vicon's unique LBVR offering - Vicon Origin. As part of the partnership, Sandbox has initially purchased a total of five systems from Vicon. Two of these will be used at Sandbox's existing locations in Hong Kong, upgrading their current solution. As Sandbox continues to expand into new locations there is significant opportunity to scale the partnership over time. 

"As part of our strategy for Vicon, we want to make targeted investments to extend our capability into adjacent markets. LBVR is one of those new, fast-growing markets - experiences are launching all over the world and Sandbox VR are at the vanguard of this movement. We're proud to have signed this agreement. It is an exciting opportunity for two market leaders to partner together and shape the future of VR entertainment." said Nick Bolton, CEO of Oxford Metrics.

LBVR is an emerging form of entertainment where participants share collective VR experiences in a specific location, such as a shopping mall, cinema, theme-park or museum. In these experiences, users are free to walk and play within a virtual world and interact with each other. Vicon's solution tracks the movement of users with greater accuracy, fidelity and volume than ever before, ensuring a fully immersive experience where multiple users can simultaneously appear as characters in the LBVR environment.

Steve Zhao, CEO of Sandbox VR, said, "We are hoping to open 40 experience rooms across 12 new locations around the world. To support that expansion, we needed more than just a motion capture vendor, we needed a partner that can work closely with our product team. Vicon's system is accurate, scalable and flexible - but most importantly, the team are able to work with us to tailor each experience as we continue to grow. We are creating some of the most advanced VR experiences on the planet and we need a partner developing cutting edge technology if we are to stay ahead."

For further information please contact:
Oxford Metrics plc	[phone]
Nick Bolton, CEO / David Deacon, CFO
FTI Consulting	[phone]
Matt Dixon / Harry Staight
N+1 Singer (NOMAD to Oxford Metrics)	[phone]
Shaun Dobson / Jen Boorer

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 subsidiaries: Vicon and 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 and Amey in the UK and VicRoads in Australia amongst others.

Founded in 1984 our group is headquartered in Oxford with offices in Leamington Spa, Gloucester, California, Colorado and Singapore. 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

About Vicon  

Academy Award®-winning Vicon is an innovator in motion capture and the world's largest supplier of motion measurement systems. Established in 1984, Vicon serves customers in visual effects, object tracking, virtual and augmented realities, engineering, broadcast, biomechanics, sports and clinical sciences. 

With thousands of customers world-wide, including Guy's Hospital, EA Sports, Bandai Namco, Sony, Dreamscape Immersive, MIT and NASA, the diverse applications for Vicon technology continues to grow.

More recently, Vicon has seen the demand for motion measurement going mainstream and applied to a broader range of applications than ever before with new markets including Location-based Virtual Reality and Elite Sports.

Vicon is a subsidiary of Oxford Metrics (LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets. For more information about Vicon, visit www.vicon.com.

For more information about Oxford Metrics and its subsidiaries, visit: www.oxfordmetrics.com, www.vicon.com or www.weareyotta.com

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