RCS - Oxford Metrics PLC - Vicon Contract Win

Oxford MetricsAnnouncement

17/11/2020 07:00

RNS Number : 4821F
  
Oxford Metrics PLC
  
17 November 2020
  
 

17 November 2020
Oxford Metrics plc
 
("Oxford Metrics", the "Company" or the "Group")
 
Vicon Contract Win
 
-      Vicon and University of Portsmouth partner to support ground-breaking innovation in virtual, augmented and extended realities -
-      Vicon solutions powering first of its kind Centre for Creative and Immersive Extended Reality -
 
Oxford Metrics plc (LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets, is pleased to announce that Vicon, a world leader in motion measurement, has signed a contract with University of Portsmouth to help deliver the university's new ground-breaking Centre for Creative and Immersive Extended Reality (CCIXR) - the UK's first integrated facility to support innovation in the creative and digital technologies of virtual, augmented and extended realities (XR), currently set to open in October 2021.
 
University of Portsmouth's CCIXR Centre is a £5.2 million investment supported by Solent Local Enterprise Partnership and HM Government. Under the terms of the contract, CCIXR will use a selection of Vicon's solutions including Vicon's flagship Vantage, Origin and Shogun tracking solutions, including 152 cameras across four of its 12 state-of-the-art XR laboratories for both teaching and commercial use. This includes the use of Vicon's technology across its new motion capture, virtual reality and volumetric studios, as well as its LED virtual production stage. 
 
Vicon's tracking solutions will be used for a wide range of applications within the new Centre, including recorded and live performance capture for use in film, TV and games production and driving real-time characters and tracking objects and props for virtual production. The technology will also be used to develop Location-based Virtual Reality (LBVR) experiences for entertainment and training purposes across several different sectors, including defence, maritime and construction.
 
This partnership will not only help students to build the skills needed for the rapidly emerging immersive and XR industries but will also lower the barrier to entry for businesses who are looking to understand what XR is and leverage its capabilities. The new Centre will be able to provide a compelling showcase for how these technologies - like virtual production, motion capture and LBVR - can benefit businesses, and will give organisations access to world leading facilities that would otherwise be out of their reach, or require significant budgets. 
 
Alex Counsell, University of Portsmouth, said: "Vicon has played a huge part in helping us to become the UK's home of ground-breaking innovation in immersive XR technology. It's important for us to be able to demonstrate to everyone coming into the Centre what creative technology can do for them in a rapidly advancing digital world. With Vicon's technology at the heart of this project, the Centre will be able to become the very first establishment in the UK to bring the whole immersive pipeline together. We are very excited to continue working with Vicon to develop the future of XR - in all of its forms."
 
On securing this contract, Nick Bolton, CEO of Oxford Metrics, commented: "Virtual production and immersive environments are gaining traction, which have been further accelerated by COVID-19. We have been saying for some time that motion measurement is moving into the mainstream with a broader range of applications continuing to emerge and partnering with the University of Portsmouth to help power their new game-changing facility is yet more evidence of this. We are delighted to be at the forefront, enabling students to learn and build new digital skills, which showcase the benefits of virtual, augmented and extended realities and continued innovation in growing areas like virtual production."
 
ENDS
 
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, including 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 and Amey in the UK and VicRoads in Australia amongst others.
 
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
 
About Vicon  
 
Academy Award®-winning Vicon is an innovator in motion capture and the world's largest supplier of motion measurement systems. Established in 1984, Vicon serves customers in visual effects, object tracking, virtual and augmented realities, engineering, broadcast, biomechanics, sports and clinical sciences. 
 
With thousands of customers world-wide, including Guy's Hospital, EA Sports, Bandai Namco, Sony, Dreamscape Immersive, MIT and NASA, the diverse applications for Vicon technology continues to grow.
 
More recently, Vicon has seen the demand for motion measurement going mainstream and applied to a broader range of applications than ever before with new markets including Location-based Virtual Reality and Elite Sports.
 
Vicon is a subsidiary of Oxford Metrics (LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets. For more information about Vicon, visit www.vicon.com. 

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