RCS - Oxford Metrics PLC - Vicon launches Location-Based VR solution

Oxford MetricsAnnouncement

13/08/2018 07:05

RNS Number : 4677X
Oxford Metrics PLC
13 August 2018
 


13 August 2018
Oxford Metrics plc
 
("Oxford Metrics", the "Company" or the "Group")
 
Vicon launches Location-Based Virtual Reality solution
 
 'Origin' is the first complete tracking solution targeting the fast-growing location-based Virtual Reality market
 
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 launched Origin, a comprehensive new solution for the fast-growing location-based Virtual Reality ('LBVR') market.
 
LBVR is an emerging form of entertainment where participants share collective VR experiences in a specific location, such as a shopping mall, cinema, theme-park or museum. In these experiences, users are free to walk within a virtual world and interact with each other, whether that be enacting a scene from a movie franchise, wandering the surface of Mars or playing a video game with friends.    
 
"Location-based Virtual Reality supercharges the standard Virtual Reality experience, physically transporting users into imaginative worlds. With the launch of Origin, we can now achieve a true "suspension of disbelief". We have spent three years developing a solution which delivers a flawless experience for participants and makes the virtual ever more real", said Nick Bolton, CEO of Oxford Metrics.
 
The Origin solution consists of a new suite of products built to serve current and future demands of the LBVR market, including an all new compact, lightweight tracking camera designed to work with active marker technology.
 
Vicon's solution overcomes a number of challenges facing the LBVR market today which include, scaling both the size and complexity of the environment and the number of participants able to take part simultaneously and ensuring a fully immersive experience which enables users to accept the virtual environment as real.
 
Origin tracks the movement of users with greater accuracy, fidelity and volume than ever before. With Origin, there is no limit to the scale of the virtual world which can be created and multiple users can simultaneously appear as characters in the LBVR environment. Participants in the virtual world appear as a fully animated avatar, can see and interact with their fellow users and use tools or props, creating a fully immersive experience. 
 
Nick Bolton, went on to say, "Our strategy for Vicon is to make targeted investments to maintain our market-leading position and extend our capability into new markets. The release of Origin does exactly that - new LBVR experiences are launching all over the world and with this introduction we have an exciting opportunity to capture revenue in a new, fast-growing market."
 
 



For further information please contact:


 




 


 




Oxford Metrics plc         


+44 (0) 1865 261860




Nick Bolton, CEO / David Deacon, CFO


 




 


 




FTI Consulting  


+44 (0) 20 3727 1000




Matt Dixon / Harry Staight


 




 


 




N+1 Singer (NOMAD to Oxford Metrics)              


+44 (0) 20 7496 3000




Shaun Dobson / Jen Boorer


 



 
                                               
 
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 subsidiaries: Vicon and 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 our 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 the world's largest supplier of precision motion capture and tracking systems. It serves customers in the CG animation, object tracking, virtual and augmented realities, engineering, broadcast, biomechanics, sports and clinical sciences arenas.
 
Vicon is a subsidiary of Oxford Metrics (LSE: OMG), the international software company servicing government, life sciences, entertainment and engineering markets.
Amongst many others, Vicon global clients include:
 
Entertainment: Framestore, Audiomotion, The Imaginarium, Quantic Dream, Ninja Theory, Konami, Activision, Sony, Dreamworks, ILM, USC, EA, Capture Lab, 2K Games, CD Projekt, Digic Pictures, IO Interactive, Creative Assembly, Plarium Games, Mocap Lab, Seasun
 
VR: Artanim, VR Tech, Dreamscape VR, Canon, Samsung
 
Broadcast: Vizrt, hunan TV
 
For more information about Oxford Metrics and its subsidiaries, visit: www.oxfordmetrics.com, www.vicon.com or www.yotta.co.uk.
 
ENDS
 
 




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