Oxford Metrics PLC Yotta wins Bury Council contract

TIDMOMG

Oxford Metrics PLC

26 March 2019

26 March 2019

Oxford Metrics plc

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

Yotta wins Bury Council contract

Yotta's Alloy has won a two-year contract with Bury Council

Oxford Metrics plc (LSE: OMG) the international software company servicing government, life sciences, entertainment and engineering markets is pleased to announce that Yotta, a provider of cloud-based infrastructure asset management software and services, has won a two-year contract with Bury Metropolitan Borough Council for its connected asset management solution, Alloy.

Bury Metropolitan Borough Council plans to use Alloy to help manage the reactive maintenance of its highway networks and street lighting assets, enabling them to inspect and fix potholes and street lights more efficiently.

The implementation of the system is well under way and Yotta is looking to have everything operationally running for the council by the end of H1 2019. Over time, the council also plans to integrate Alloy with a new CRM system it is implementing and provide its inspectors and field workers out on site with the latest information direct to their phones through Alloy Mobile.

Peter Stokes, Head of Streetscene Maintenance, added: "We expect the new system will create cost and time efficiencies from the start but also futureproof us during a period when authorities are needing to digitise their processes and evaluate current systems whilst keeping ever shrinking budgets in mind."

Nick Bolton, CEO of Oxford Metrics, said: "We are delighted to announce this two-year contact to support Bury Council through Alloy. Alloy's enhanced mapping and visualisation of assets will enable the council to efficiently maintain its highways and street lighting infrastructure. It's an exciting win for Alloy and will see the platform help the council manage an area of 24,511 acres."

 
 For further information please contact: 
 
 Oxford Metrics plc                         [phone] 
 Nick Bolton, CEO / David Deacon, CFO 
 
 FTI Consulting                             [phone] 
 Matt Dixon / Harry Staight 
 
 N+1 Singer (NOMAD to Oxford Metrics)       [phone] 
 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 and Singapore. 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 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

ENDS

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

END

NRAJAMRTMBATBML

(END) Dow Jones Newswires

March 26, 2019 03:01 ET (07:01 GMT)