RCS - Oxford Metrics PLC - Yotta Contract Wins

Oxford MetricsAnnouncement

09/09/2020 07:00

For best results when printing this announcement, please click on link below:
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200909:nRSI3823Ya

RNS Number : 3823Y  Oxford Metrics PLC  09 September 2020

9 September 2020

Oxford Metrics plc

 

("Oxford Metrics", the "Company" or the "Group")

 

Yotta Contract Wins

 

-      Momentum continues at Yotta with eight new contract wins secured
since April -

 

Oxford Metrics plc (LSE: OMG), the international software company servicing
government, life sciences, entertainment and engineering markets, is pleased
to announce that its connected asset management software and services
division, Yotta, has continued to adapt and is operating well throughout
COVID-19, successfully securing eight new contract wins since April 2020.

COVID-19 has accelerated the need for Local Authority assets and services to
be managed remotely and Yotta is well placed to meet this growing demand
through its established remote working solutions, including its Alloy software
and Alloy Mobile app. Members of the public can report a problem, such as a
missed waste collection, a broken streetlight or fly-tipping via the phone,
website or mobile app. Local Authority personnel can then be assigned the work
remotely, execute the task and report on the status of the job - all without
going into the office.

 

The eight contract wins, three of which were to new customers, are across a
range of service areas, including highways, street lighting and waste
management, covering the South West, Midlands and Yorkshire regions.

Also, during the lockdown period, eleven customers which had signed contracts
earlier in the year, successfully went live with Yotta software which the team
delivered and trained remotely.

Yotta has continued to deliver valuable product training to its customers,
delivering bitesize sessions with access to training base material and
pre-recorded training sessions through its online learning management system,
something that it looks to continue offering into the future as customers
adapt to the new normal.

 

Nick Bolton, CEO of Oxford Metrics, said:

 

"COVID-19 has accelerated the need for assets to be managed remotely and Yotta
is working hard with both new and established clients to help them seamlessly
adjust to new ways of working. Not only are we delivering innovation to
councils and governments across the UK, but together with customers we have
been able to find better ways of working. Local Authorities have responded
well to doing business in a slightly different way to make these successes
possible. I'm delighted with these important customer wins and our learnings
over the past few months will undoubtedly help to shape the way we do business
together in the long term."

 

 

ENDS

 

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 / Emma Hall / Jamille Smith / Greg Hynes

 N+1 Singer (NOMAD to Oxford Metrics)                 +44 (0) 20 7496 3000
 Shaun Dobson / George Tzimas (Corporate Finance)

Tom Salvesen (Corporate Broking)

 

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 Yotta

 

Yotta is a leading, global connected asset management software and services
provider. It empowers organisations to make better, more informed decisions
by ensuring its customers' systems, assets and people are connected, and the
data they produce is structured and captured to provide operational, as well
as strategic insight.

 

Innovation is at the heart of everything Yotta does and data drives the
company forward.  Yotta understands its customers' needs and provides them
with revolutionary connected asset management solutions, utilising its
industry-leading software and consultancy services.

 

The company's cloud-based asset management platform, Alloy, equips clients
with data visualisation, powerful workflow management tools,
enterprise-strength and user-specific capabilities. Connected assets lay the
foundation for the future of smart cities and communities. Yotta's software
and services represent a 'new era' of connected asset management.  For more
information, please visit the company's website at www.weareyotta.com
(http://www.weareyotta.com)

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Private Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFZGGLDRVGGZM