Oxford Metrics (OMG ), the smart sensing software company, announced that its subsidiary Vicon has won a contract with Digital Kinetics to deploy the former's motion capture "Valkyrie" technology for use in film and video games production.
Croatia-based Digital Kinetics has a 300 sq m motion capture studio that has now been equipped with 24 Vicon Valkyrie 26MP cameras for use by its growing client base across the gaming and film industries. The Valkyrie cameras will be used in tandem with Vicon's proprietary Shogun software, enabling Digital Kinetics to offer services across the production process.
Launched in 2022, the VK26 is the flagship model of of the Valkyrie range. It has been specifically designed for demanding applications such as full body and high-resolution finger performance capture, virtual production, and In-Camera VFX for AAA films and games.
Veselin Krstovski, Mocap Producer at Digital Kinetics, said: "As a new, but rapidly growing studio, having the latest technology is vital to us. It allows us to address more complex projects, opening lots of new opportunities for our business. I don't think there is anything that we can't do with the Vicon system - it tracks our actors in incredible detail, produces exceptionally clean data, and the support from Vicon is second to none."
View from Vox
Oxford Metrics' subsidiary Vicon has proven itself a leader in motion measurement, evidenced again by today's contract to deploy its Valkyrie and Shogun solutions to Digital Kinetics' studios. While Oxford did not disclose the value of the contract, OMG shares gained on the news and are currently up 19% in the past 12 months.
Motion capture is a growing field in visual effects, continuing to push the boundaries of fidelity and resolution. Vicon's new Valkyrie/Shogun combined solution enables greatly reduced production times, which should translate to increased sales in FY23.
In its most recent preliminary results for FY22 ended 30 September 2022, Oxford Metrics reported 4.5% higher revenues to £28.8m, with £3.5m orders deferred to FY23 due to supply chain constraints. Oxford also reported its largest-ever order book of £24m, up from £5.9m in FY21 with strong demand across all market segments, especially Entertainment. Subsidiary Vicon has high visibility with over half of revenue expectation underpinned by existing orders.
Oxford also reported a strong net cash position of £67.7m, up from £23m in FY21 with significant planned investments in R&D and M&A. The company will report financial results for H1 2023 on 6 June 2023. Oxford to be notified of the news.