29th Sep 2005 07:01
OMG PLC29 September 2005 29 September 2005 OMG plc ("OMG" or "the Group") Pre-close trading update and major contract win OMG, the leading supplier of motion capture and visual geometry systems for lifesciences, entertainment and engineering applications, today announced thefollowing trading update for the year ended 30 September 2005. Trading in the second half of the year has improved significantly. Inparticular, the US has staged a strong recovery helped by an unusually largeorder from one of the leading studios in the film industry. This recent order represents the largest single sale in OMG's history and willgenerate revenues in excess of $3million. The majority of these revenues will berecognised in the current financial year. The system supplied is based on OMG'spremium MX 40 camera which was launched last year. As a result of the improvement in trading in the second half of the currentyear, management anticipates closing the year with revenues ahead of the currentmarket expectations, with profitability either meeting or exceeding the currentmarket expectations. Nick Bolton, Chief Executive commented:"This recent order highlights OMG's leading position in the provision of highperformance large scale motion capture systems in the entertainment sector.While this large order will be one of the highlights of the current financialyear, other areas such as biomechanical research and the addition of our videobased motion capture capability have generated significant interest during thesecond half of the financial year". For further information please contact: Nick Bolton, Chief Executive, [email protected] Wharton, Finance Director, [email protected]: 01865 261800 Tim ThompsonBuchanan CommunicationsTel: 020 7466 5000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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