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10.FEB.05 / Announcement
ACQUISITION OF PEAK PERFORMANCE TECHNOLOGIES, INC

OMG, the global leader in the three-dimensional capture and analysis of movement, providing tools and services for life sciences, entertainment and engineering applications, announced today that it has acquired the business and assets of Peak Performance Technologies, Inc ("Peak"), for a total consideration of $1,100,000 (£593,000) comprising:

  • initial consideration of $500,000 in cash;
  • 1,077,616 ordinary shares of 0.25p each in the Company; and
  • Deferred cash consideration of $100,000 subject to certain performance conditions.

Application will be made for the new ordinary shares to be admitted to AIM, which is expected to occur on Wednesday, 16 February 2005.

Peak, based in Denver, Colorado, is a long established leader in motion measurement and analysis in their key markets of sports performance and animal science with a combination of both video based and optical motion capture products.

For the twelve months ended 30 September 2004, Peak had revenues of $3.25 million (£1.8 million) and a profit before tax of $44,300 (£24,600). As at 30 September 2004, Peak's net assets were $597,700 (£330,200). The estimated fair value of net assets acquired is $356,000 (£192,000) including cash balances of $207,000 (£108,000).

Julian Morris, Chief Executive, commented: "We believe that this is an excellent acquisition for the Group, bringing expansion into the sports market and video-based motion capture. Peak and Vicon, together, provide a compelling proposition across a wide market and product range".

For further information please contact:

Tom Carroll/Tim Thompson, Buchanan Communications. Tel: 020 7466 5000

Julian Morris, Chief Executive, julian.morris@omg3d.com. Tel: 01865 261800
Peter Wharton, Finance Director, peter.wharton@omg3d.com. Tel: 01865 261800

About OMG

OMG plc (LSE: OMG) is a global leader in the three-dimensional capture and analysis of movement, providing tools and services for life science, entertainment and engineering applications. Based in Oxford UK and California USA, OMG has customers in over 35 countries and is listed on the London Stock Exchange. The group trades through a number of operating subsidiaries in the name of Vicon Motion Systems, 2d3 and House of Moves in the UK and USA, and through a network of distributors in other major countries.

Vicon Motion Systems provides professionals with the latest tools to capture accurately three-dimensional human motion for research, medicine, sport, engineering, game development, broadcast and film. 2d3 produces innovative visual geometry software deriving 3D data from moving images. House of Moves is the world's most experienced motion capture service studio, producing high quality motion capture data for the world's largest entertainment production companies.

For more information about OMG, or its subsidiaries, visit www.omg3d.com, www.vicon.com, www.2d3.com or www.moves.com.

About Peak

Based in Denver, Colorado, Peak is a market leader in video-based motion measurement solutions for the sports performance, animal science and other markets. Founded in 1984, the company started with a video-based biomechanical analysis tool to help athletes improve their performance in preparation for Olympic and World competition.

Peak's motion measurement products have expanded from sports to a wide variety of areas of expertise that include commercial, industrial, medical, engineering, and biological. The current product, Peak Motus®, has the ability to combine video-based acquisition and optical real-time acquisition. This makes the system particularly robust and flexible, for use in almost any environment - in a laboratory, outdoors, or even underwater.

For more information about Peak, visit www.peakperform.com.

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ANNUAL RESULTS 2007 - 30.SEP.07

OMG COMPANIES
Vicon
The first name in motion capture technologies for Vicon, House of Moves and Peak Performance.
2d3 Ltd.
3D geometry for visual communication businesses.
Yotta DCL
Providing highway authorities with complete visual records of their networks.
 

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