Oxford Metrics PLC Annual General Meeting Statement (5967P)
February 18 2021 - 08:00AM
UK Regulatory
TIDMOMG
RNS Number : 5967P
Oxford Metrics PLC
18 February 2021
18 February 2021
Oxford Metrics plc
("Oxford Metrics" or the "Group")
Annual General Meeting Statement
Oxford Metrics plc (LSE: OMG), the international software
company servicing government, life sciences, entertainment and
engineering markets, will hold its Annual General Meeting ("AGM")
at 5.00pm today.
At the AGM, Nick Bolton, Oxford Metrics CEO, will make the
following statement:
"The Board is pleased to announce that Oxford Metrics has made a
good start to the new financial year. The Group is currently
trading in-line with achieving market expectations for the full
year ending September 2021. With a broader range of motion
measurement applications emerging, Vicon has started the year well
with strong trading in Asia Pacific. Yotta continues to generate
reliable and growing levels of recurring revenue as customers
continue to prioritise digital transformation in public asset
management to enable remote working.
Oxford Metrics is a resilient business well placed to adapt to
the post-pandemic economy. In line with previous years, the Group
expects to be second half weighted in terms of revenue and remains
encouraged by the strong pipelines building across the business.
The Board remains confident of the Group's prospects for the year
and will provide further information on trading when it announces
interim results for the six months ending 31 March 2021."
For further information please contact :
Oxford Metrics
+44 (0) 1865 261860
Nick Bolton, CEO
David Deacon, CFO
Numis Securities Limited
+44 (0)20 7260 1000
Simon Willis / Hugo Rubinstein / Matthew O'Dowd
FTI Consulting +44 (0) 20 3727 1000
Matt Dixon / Emma Hall / Jamille Smith / Greg Hynes
About Oxford Metrics
Oxford Metrics develops and markets analytics software for
motion measurement and infrastructure asset management to clients
in over 70 countries worldwide. Our list of clients across the
globe is as diverse as the markets we operate in: we help highways
authorities manage and maintain their road networks, hospitals and
clinicians decide therapeutic strategies and Hollywood studios
create stunning visual effects. And the diversity of applications
is growing all the time.
The Group trades through two market-leading divisions: our
motion measurement division, Vicon, and our infrastructure asset
management division, Yotta. Vicon is the world's leader in
high-precision motion measurement analysis to thousands of
customers worldwide, including Guy's Hospital, EA Sports, MIT and
NASA, and our software is used in an ever-expanding range of
applications. Yotta provides cloud-based infrastructure asset
management software to central and local government agencies and
other infrastructure owners. Yotta has a large number of
high-profile clients including Highways England, Amey in the UK and
VicRoads in Australia.
Founded in 1984, the Group is headquartered in Oxford with
offices in Leamington Spa, Gloucester, California, Colorado,
Singapore and Auckland. Since 2001, Oxford Metrics (LSE: OMG), has
been a quoted company listed on AIM, a market operated by the
London Stock Exchange.
For more information about Oxford Metrics, visit
www.oxfordmetrics.com
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