Yotta DCL signs ?2.27m contract

RNS Number : 8169W

OMG PLC

06 February 2012

 



6 February 2012

OMG plc

("OMG" or the "Company")

Yotta DCL signs £2.27m contract with the Highways Agency

- Yotta DCL to survey over 140,000km of UK's major roads & motorways -

OMG plc, (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 today that its Yotta DCL division, the UK's leading highway surveying company, has signed a four year contract with the option to renew for a further year with the Highways Agency.

The contract is expected to be worth £2.27m over the life of the contract. As part of the agreement, Yotta DCL will perform a Traffic Speed Condition Survey (TRACS) to determine the condition of the road surface, assess which areas are in particular need of repair and determine where immediate action needs to be taken. Over the life of the agreement, Yotta DCL will survey and monitor approximately 140,000km of motorway and other major roads across England.

During the bid process, Yotta DCL was awarded the highest score on the overall qualitative criteria used to select the successful bidder. Yotta DCL will use its new Tempest vehicles to carry out the survey and will also participate in the development of new algorithms to produce more accurate modelling of the road surface deterioration.

Discussing the contract win Nick Bolton, OMG plc Chief Executive said:

"This is a great start to the year for Yotta DCL and we are delighted to be awarded this significant contract with the Highways Agency. At the time of our preliminary results, we highlighted the potential for our new Tempest vans. That potential has today become clear and this contract win is testament to Yotta DCL's technical superiority and progress."

For further information please contact:

OMG plc	[phone]
Nick Bolton, Group CEO
Hayley Roberts, Press Contact
FTI Consulting	[phone]
Matt Dixon / Emma Appleton / Charles Palmer
Evolution Securities (NOMAD to OMG)	[phone]
Jeremy Ellis

About OMG

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.

Be it for capturing the movements of actors (for the movie industry),sportsmen (for video games or improving team performance), or children with Cerebral Palsy, rehab patients and animals (for medical, life science and research industries); or recording the condition of highways and the assets that surround them; or even providing image intelligence and situational awareness from drone aircraft. Through this diversified 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, our highways surveying business and OMG Life our 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, The Moving Picture Company (MPC), Sega, Nintendo, UbiSoft, EA and Square Enix. In surveying clients include: Atkins and Oxfordshire, Cumbria, Derbyshire and Pembrokeshire County Councils as well as many others.

For more information about OMG and its subsidiaries, visit www.omgplc.com, www.vicon.com, www.2d3.com, www.yottadcl.com.

About Yotta DCL

Yotta DCL is at the forefront of highway technology and services. The company's surveyors cover hundreds of miles of roads collecting all types of data every day to help transform highway surveys into solutions with real benefits. Its broad experience working with local authorities enables Yotta DCL to provide a range of survey solutions for councils to efficiently manage and maintain their highway assets.

Surveys from Yotta DCL include Coarse Visual Inspections (CVI), Detailed Visual Inspections (DVI), machine scanning using its high tech Scanner vehicles and asset inventory surveys. It also develops and supports a wide range of software such as MARCHpms the industry renowned and respected pavement management system, Nano the user friendly asset management software and NotiVia, its new data capture tool.

Yotta DCL's consultancy services team offers bespoke and scheduled training seminars, UKpms expertise and data analysis to customers of all pavement management systems. Customers include the Welsh Assembly Government, Southampton City Council, Nottingham City Council, Hampshire County council and Northumberland City Council.

Yotta DCL is part of the OMG plc group of companies. Founded in 1984, OMG is a successful British technology company and is listed on the London Stock Exchange. OMG is one of the world's leading suppliers of image understanding systems, with customers all over the world.

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