2nd Feb 2007 07:00
OMG PLC02 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 technologygroup providing image understanding products for the entertainment, defence,life science and engineering industries, is pleased to announce the signing of asecond contract within its Geospatial Vision division. Geospatial Vision was established as part of OMG's strategy of expansion throughleveraging existing technology in new vertical markets and focuses onstreet-level geospatial imagery, providing new technologies for the managementand maintenance of key national infrastructures. This agreement, again with a local authority, is the second asset surveycontract to be signed by the division. Under this agreement, OMG will be usingits vehicle to complete an in-depth highway survey. This will involve capturingstreet-level video and automatically extracting asset data relating to roadmarkings and signs. Nick Bolton, Chief Executive of OMG plc, commented, "We are delighted to announce our second asset survey contract within thisexciting, recently established division. This is another strong endorsement ofour strategy of applying high technology intellectual property to verticalmarkets with good growth prospects. The response to the pilot studies continuesto be very encouraging." -ends- OMG plc 01865 261800 Nick Bolton, Chief ExecutivePeter Wharton, Finance Director Financial Dynamics 020 7831 3113 Juliet Clarke / Hannah Sloane This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Oxford Metrics