9th Jul 2014 08:16
LONDON (Alliance News) - OMG PLC said Wednesday that its defence and security business, 2d3 Sensing, has been awarded a further contract with the UK Ministry of Defence's Defence Science and Technology Laboratory Centre for Defence Enterprise.
The technology group said 2d3 Sensing's contract win follows a successful initial phase completed in 2013. The aim of the project, which will run until September 2015, is to develop technology that will improve the efficiency of managing streaming data intelligence.
The first phase included a proof-of-concept project whereby 2d3 co-developed a streaming data intelligence library standard, as well as building a prototype that could handle both motion imagery and ground moving target indicator data in an efficient and coherent manner.
The second phase will see 2d3 Sensing work in partnership with Dstl CDE to further develop the streaming data intelligence library concept, mature the technology and formally prototype the capability.
Shares in OMG were trading 5.19% higher at 28.40 pence per share Wednesday morning.
By Alice Attwood; [email protected]; @AliceAtAlliance
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