Yotta has won a five-year expansion of its existing contract with Amey Plc
OREANDA-NEWS. OMG plc (LSE: OMG), the technology group providing Computer Vision products and services for the entertainment, life science, engineering industries and consumer electronics markets, announcesits infrastructure asset management arm, Yotta, has won a five-year expansion of its existing contract with Amey Plc, one of the UK's leading public and regulated services providers, into international markets.
The new deal, valued at over £1.125 million, allows Amey to roll out licences for Yotta's visualised asset management solution, Horizons, to subscribers in Australia, New Zealand and Spain. This is in addition to those based in the UK where Amey has already implemented Horizons across a total of 10 projects. The service and maintenance provider will also be able to use Horizons with an additional six end customers.
Amey uses Horizons to provide differentiation when bidding for new projects, which typically include local and regional authorities and government highways agencies. Once projects are underway, it also uses the tool to showcase work done and progress achieved to stakeholders. Moving forward, Amey plans to work closely with Yotta to address specific customer needs more precisely.
Amey project teams will make direct use of Horizons on site as part of customer deployments. The service provider also plans to use the tool to support its Sheffield-based highways asset management hub, which is further backed by Yotta technical expertise.
Dave Brown, Associate Director at Amey Plc, said:
"Horizons helps us win long-term maintenance contracts against our competitors by enabling us to make a compelling asset management case from the outset. It also allows us to combine asset data with our own market expertise to test out different options and make informed and complex decisions quickly, which in turn drives savings in asset lifecycle planning. This expansion of our contract with Yotta provides us with continuity in terms of our overall approach to asset management, and crucially enables us to extend the many benefits we are getting into a greater range of territories."
On securing the contract extension, Nick Bolton, CEO of Oxford Metrics, commented:
"This contract extension fulfils two important strategic objectives for Yotta - the opportunity to grow the business further internationally and to strengthen important partnerships. Amey is a world-class service provider, looking to stay agile and innovate so they can deliver the best possible service for their customers. We are delighted that Horizons is helping Amey to provide a differentiated offering and we will continue to work closely together to help optimise Horizons to meet their specific customers' needs."
About OMG plc
OMG plc (Oxford Metrics Group. LSE: OMG) is a technology group providing Computer Vision products and services for the entertainment, life science, engineering industries and consumer electronics markets.
The Group's technology is used globally to capture the movements of actors (for the movie industry), sportsmen and women (for video games or improving team performance), and children with cerebral palsy, rehab patients and animals (for medical, life science and research industries). The technology is also used for the management of pavement and street furniture. Through this diverse offering the Group has earned its strong international reputation for precision from pixels and its unique expertise in imaging technology.
Founded in 1984, the Group is headquartered in Oxford, UK, and has two offices in the US and four in the UK. It has customers in over 65 countries and is a quoted company listed on AIM, a market operated by the London Stock Exchange. The Group trades through three subsidiaries: Vicon, the world's largest motion capture and movement analysis company, Yotta, a provider of software and services for infrastructure asset management and OMG Life, our IP licensing business, which is focused on unlocking latent value in Oxford Metrics' IP.
The Group's global clients spanning the worlds of science, medicine, sport, engineering, gaming, film and broadcast include: major hospitals and research facilities such as Guy's Hospital, Nuffield Orthopaedic Centre, Headley Court and Loughborough University, engineering industry leaders including: Ford Motor Company, BMW, Toyota and European Space Agency and in the entertainment sector; The Imaginarium, Sony, Industrial Light and Magic, Sega, Nintendo, UbiSoft, EA and Square Enix. In infrastructure asset management, clients include Highways England, East Sussex, Kent, Lancashire, Transport for London, UK Power Network, Cheshire East and West as well as many others.
Amey is a leading UK public and regulated services provider with over 21,000 employees.
Amey operates over 320 contracts, providing an unrivalled range of services including utilities, highways, waste management, rail, justice solutions, social housing and facilities management. Services are underpinned by the company's leading consulting and asset management capabilities, which allow it to offer stand-alone or integrated service solutions to a range of clients. Amey is owned by Ferrovial. They are one of the world's leading infrastructure management and investment companies. Ferrovial employs approximately 65,000 employees and operates in over 25 countries. Ferrovial's activities focus on four business sectors construction, airports, toll roads and services. Amey is part of the services division.