Yotta Contract Wins

RNS Number : 3823Y

Oxford Metrics PLC

09 September 2020

 

9 September 2020

Oxford Metrics plc

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

Yotta Contract Wins

-  Momentum continues at Yotta with eight new contract wins secured since April -

Oxford Metrics plc (LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets, is pleased to announce that its connected asset management software and services division, Yotta, has continued to adapt and is operating well throughout COVID-19, successfully securing eight new contract wins since April 2020.

COVID-19 has accelerated the need for Local Authority assets and services to be managed remotely and Yotta is well placed to meet this growing demand through its established remote working solutions, including its Alloy software and Alloy Mobile app. Members of the public can report a problem, such as a missed waste collection, a broken streetlight or fly-tipping via the phone, website or mobile app. Local Authority personnel can then be assigned the work remotely, execute the task and report on the status of the job - all without going into the office.

The eight contract wins, three of which were to new customers, are across a range of service areas, including highways, street lighting and waste management, covering the South West, Midlands and Yorkshire regions.

Also, during the lockdown period, eleven customers which had signed contracts earlier in the year, successfully went live with Yotta software which the team delivered and trained remotely.

Yotta has continued to deliver valuable product training to its customers, delivering bitesize sessions with access to training base material and pre-recorded training sessions through its online learning management system, something that it looks to continue offering into the future as customers adapt to the new normal.

Nick Bolton, CEO of Oxford Metrics, said:

"COVID-19 has accelerated the need for assets to be managed remotely and Yotta is working hard with both new and established clients to help them seamlessly adjust to new ways of working. Not only are we delivering innovation to councils and governments across the UK, but together with customers we have been able to find better ways of working. Local Authorities have responded well to doing business in a slightly different way to make these successes possible. I'm delighted with these important customer wins and our learnings over the past few months will undoubtedly help to shape the way we do business together in the long term."

ENDS

For further information please contact :

Oxford Metrics plc	[phone]
Nick Bolton, CEO
David Deacon, CFO
FTI Consulting	[phone]
Matt Dixon / Emma Hall / Jamille Smith / Greg Hynes
N+1 Singer (NOMAD to Oxford Metrics)	[phone]
Shaun Dobson / George Tzimas (Corporate Finance)

Tom Salvesen (Corporate Broking)

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 market-leading divisions: Our motion measurement division, including Vicon, and our infrastructure asset management division, 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 the Group is headquartered in Oxford with offices in Leamington Spa, Gloucester, California, Colorado, Singapore and Auckland. 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 Yotta

Yotta is a leading, global connected asset management software and services provider. It empowers organisations to make better, more informed decisions by ensuring its customers' systems, assets and people are connected, and the data they produce is structured and captured to provide operational, as well as strategic insight.

Innovation is at the heart of everything Yotta does and data drives the company forward.  Yotta understands its customers' needs and provides them with revolutionary connected asset management solutions, utilising its industry-leading software and consultancy services.

The company's cloud-based asset management platform, Alloy, equips clients with data visualisation, powerful workflow management tools, enterprise-strength and user-specific capabilities. Connected assets lay the foundation for the future of smart cities and communities. Yotta's software and services represent a 'new era' of connected asset management.  For more information, please visit the company's website at www.weareyotta.com

 

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