Contract Win

OMG PLC 27 November 2006 27 November 2006 OMG plc Contract Win First contract win for Geospatial Vision 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, is pleased to announce the signing of its first contract for its Geospatial Vision division. As announced at the time of the interim results, Geospatial Vision was established as part of OMG's strategy of expansion through leveraging existing technology in new vertical markets. The division focuses on street-level geospatial imagery and provides new technologies for the management and maintenance of key national infrastructures. The agreement, with a UK local authority, is the first contract to be signed by the division. Under this agreement, OMG will be using its recently commissioned vehicle to complete an in-depth highway survey. This will involve capturing street-level video and automatically extracting asset data to provide the local authority with a register of assets, identifying the type of asset and key attributes such as the size, colour and location. Nick Bolton, Chief Executive of OMG plc, commented, 'We are very pleased that our strategy of applying our high technology intellectual property to vertical markets with good growth prospects is starting to pay off. The pilot studies continue with other potential customers and the response has been very encouraging.' -ends- OMG plc 01865 261800 Nick Bolton, Chief Executive Peter Wharton, Finance Director Financial Dynamics 020 7831 3113 Juliet Clarke This information is provided by RNS The company news service from the London Stock Exchange
UK 100

Latest directors dealings