OMG PLC
02 February 2007
2 February 2007
OMG plc
Contract Win
Another 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 a
second contract within its Geospatial Vision division.
Geospatial Vision was established as part of OMG's strategy of expansion through
leveraging existing technology in new vertical markets and focuses on
street-level geospatial imagery, providing new technologies for the management
and maintenance of key national infrastructures.
This agreement, again with a local authority, is the second asset survey
contract to be signed by the division. Under this agreement, OMG will be using
its vehicle to complete an in-depth highway survey. This will involve capturing
street-level video and automatically extracting asset data relating to road
markings and signs.
Nick Bolton, Chief Executive of OMG plc, commented,
'We are delighted to announce our second asset survey contract within this
exciting, recently established division. This is another strong endorsement of
our strategy of applying high technology intellectual property to vertical
markets with good growth prospects. The response to the pilot studies continues
to be very encouraging.'
-ends-
OMG plc 01865 261800
Nick Bolton, Chief Executive
Peter Wharton, Finance Director
Financial Dynamics 020 7831 3113
Juliet Clarke / Hannah Sloane
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