6th Feb 2014 10:33
LONDON (Alliance News) - Image technology company OMG PLC Thursday said its infrastructure asset management technology arm Yotta has won a GBP440,000 contract to provide its visualised asset management software and associated implementation services to the Highways agency.
In a statement, the company said the 15-month deal was part of a GBP600,000 contract awarded to Yotta and WS Atkins PLC.
The two companies will provide software to inform and improve the development of the Agency's road renewals programme. This tool will allow the Highways Agency to carry out modelling to understand the current and future condition of the road network based on its national pavement condition survey data. This model will then be used to predict where and when maintenance is likely to be needed.
"This is a tremendous achievement for Yotta and to date our largest order for Horizons software. The bid process was extremely challenging as we were up against well-established highway infrastructure management software providers; however, we were able, along with our partners Atkins, to demonstrate the benefits of Horizons for ease of use, user adoption, deterioration modelling and also its improved ability to guide decisions," OMG Chief Executive Nick Bolton said.
OMG shares were up 1.9% at 27.25 pence Thursday morning. WS Atkins shares were up 1% at 1,387.00 pence.
By Steve McGrath; [email protected]; @stevemcgrath1
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