AGM Statement
OMG PLC
27 February 2008
27 February 2008
OMG plc
AGM statement
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, will hold its Annual General Meeting
today.
At the meeting Anthony Simonds-Gooding, Chairman, will make the following
statement:
'The Board is pleased to announce that the Group's trading in the current
financial year is performing in line with expectations, with all parts of the
business progressing well.
'Yotta DCL, the division which provides geospatial services and software for
highway asset management, mapping and street level imaging, is seeing asset
collection gaining momentum as the year progresses. The attractiveness of our
enhanced 3D offer is also evident from repeat orders we are now seeing from
customers who have tried and rated our technology. Since the beginning of the
period, the Yotta DCL team have signed several new deals, and are active in a
number of trials.
'2d3 AIG, the defence offering, is also developing well and recently won a major
extension of one of its research contracts with UK Ministry of Defence. The
project covers the development of new methods for the automatic processing of
moving images from unmanned aerial vehicles (UAVs). This forms part of a larger
MoD-funded project, which brings together novel technologies from UK companies
for future UAVs. From a standing start 18 months ago, 2d3 AIG has established a
significant presence in an area of rapid growth in the UK defence market, with
three contract wins and a greater number of short-term prospects in both the UK
and the US.
'Vicon continues to perform well in all markets. It is celebrating its
customers' involvement in the making of The Golden Compass, which won the Oscar
for Best Visual Effects at the 2008 Academy Awards, in addition to a BAFTA award
this year for Special Visual Effects at the Orange British Academy Film Awards.'
-ends-
OMG plc 01865 261800
Nick Bolton, Chief Executive
Peter Wharton, Finance Director
Financial Dynamics 020 7831 3113
Juliet Clarke / Matt Dixon
Evolution Securities (NOMAD) 020 7071 4300
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), children with Cerebral Palsy, rehab patients and
animals (for medical, life science and research industries) or virtual reality
displays (for engineering and development), the Group has the world leading
market position and a strong international reputation for precision instruments.
Founded in 1984, the Group's headquarters are in Oxford, UK, and it has offices
in California and Colorado, USA. 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 three operating subsidiaries - Vicon, the world's
biggest motion capture and movement analysis company, 2d3, a manufacturer of
specialised image understanding software for entertainment and defence
applications and Yotta, our 3D mapping business, which collects and analyses
highway data and street level imaging and which, following the acquisition of
DCL in July 2007, offers the most accurate and complete highway survey
available.
Oxford Metrics' global clients in science, medicine, sport, engineering, gaming,
film, broadcast and 3D mapping 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, Square Enix and in 3D
mapping and highway surveys: Mouchel Parkman, Atkins, and Oxfordshire, Cumbria,
Derbyshire and Pembrokeshire County Councils as well as many others.
For more information about OMG and its subsidiaries, visit www.omg3d.com,
www.vicon.com, www.2d3.com or www.yotta.tv
This information is provided by RNS
The company news service from the London Stock Exchange