Oxford Metrics PLC Vicon's IMeasureU Launches IMU Step
15 November 2017 - 3:00AM
RNS Non-Regulatory
TIDMOMG
Oxford Metrics PLC
14 November 2017
14 November 2017
Oxford Metrics plc
("Oxford Metrics" or the "Company")
Vicon's IMeasureU Launches IMU Step
- IMU Step broadens Vicon's addressable market -
- IMU Step provides a platform to strengthen Vicon's recurring
revenue -
Oxford Metrics plc (LSE: OMG), the international software
company servicing government, life sciences, entertainment and
engineering markets, is pleased to announce that IMeasureU, a
division of motion measurement leader Vicon, has launched IMU Step,
a new piece of motion-sensing wearable tech designed to track the
movements of professional and amateur athletes.
When Oxford Metrics announced its new five-year plan last year
one of the key financial goals was to treble recurring revenue by
2021. One of the great strengths of the Group's Yotta business is
the increasingly recurring nature of its revenue base. Vicon's
revenue base, by comparison, has considerable repeat business but a
lower level of recurring revenue. IMU Step will be sold on a
SaaS-basis, giving Vicon a platform to create a meaningful
recurring revenue base.
Consisting of two small, lightweight sensors that produce highly
accurate movement data, IMU Step gives coaches and athletes the
ability to precisely measure the movements and stress put on
athletes' bodies. For running-based sports like basketball, where
over 40% of injuries are sustained on the foot and ankle, constant
metrics alert trainers and coaches to potential problems before
they happen. This ensures athletes are at optimal strength before
returning to competition and enables strategic planning that
personalises the rehabilitation process, preventing future
injuries.
Early units are already being used by both professional sports
and collegiate programs alike, including the NBA and Pac-12 schools
to help train and rehabilitate athletes across a wide variety of
sports. Harvard University recently used IMU sensors to study the
impact on runners in the Boston Marathon. The University is also
preparing to use the sensors in an NBA/G co-funded study designed
to measure bone stress injuries in collegiate and professional
basketball players, and monitor changes as a result of fatigue.
Commenting on the product launch, Nick Bolton, CEO of Oxford
Metrics said:
"When we announced our new five-year plan, our strategy for
Vicon was to enhance our product strength and fortify our market
leading position. The launch of IMU Step does exactly that - it
takes motion measurement outside the lab into the real world,
opening up a greater range of measurement applications and
providing access to a broader marketplace. The product is also sold
on subscription and will increase the quality and recurring nature
of Vicon revenue, a key financial goal for our business."
For further information please contact:
+44 (0)1865
Oxford Metrics plc 261860
Nick Bolton, CEO
David Deacon, CFO
+44 (0)20 3727
FTI Consulting 1000
Matt Dixon / Emma Hall / Harry Staight
+44 (0)20 7496
N+1 Singer (NOMAD to Oxford Metrics) 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 IMeasureU
IMeasureU builds athletic solutions using the latest wearable
technology, providing coaches, teams and athletes in training
performance insights for fatigue identification that goes beyond
GPS and heart rate. Built on science-driven sensor data and fused
with physics-based computational models, IMeasureU provides
comprehensive athletic movement and workload data, enabling optimal
recovery, training and performance. In June 2017, IMeasureU was
acquired by motion capture specialist, Vicon.
For more information about IMeasureU, visit
http://imeasureu.com.
This information is provided by RNS
The company news service from the London Stock Exchange
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