INCREASED demand for complex video-capture technology in Hollywood and on spy planes has led imaging technology company Oxford Metrics Group (OMG) to beat expectations this year.
The firm’s trading update yesterday sent shares in the Aim-listed company up 24 per cent, to levels not seen since 2008. The company runs a number of separate imaging business: Vicon, a motion capture service for movies and video games; Yotta, which analyses road surfaces; 2d3, video-scanning software for use on military planes; and the new OMG Life consumer electronics arm.
Chief executive Nick Bolton put this year’s success down to better performance in Vicon’s Hollywood studio and more interest in the 2d3 software as demand for increasingly sophisticated military intelligence systems grows.
His firm is also gearing up for a push into consumer technology with the launch of Autographer – a wearable camera that automatically takes pictures throughout the day. “The initial response has been tremendous,” Bolton said.