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Vicon Announces Acquisition of PeakExpansion into the sports market and video-based motion capture (February 10, 2005)
OMG, 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").
The acquisition will enable the combined company to expand its market reach, broaden its product range and strengthen the company's technology expertise. 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".
Peak, based in Denver, Colorado, is a long established leader in motion measurement and analysis in sports performance and animal science with a combination of both video-based and optical motion capture products. With over 700 customers worldwide, this strength complements Vicon's existing presence in life sciences, animation and engineering, to create a group with significant market strength in an increased number of vertical and geographical markets.
Moreover, by combining Peak's strength in video-based motion measurement with Vicon's high accuracy motion systems, customers can satisfy all their tracking and analysis needs from a single company - with solutions from $10K to over $1M, and technology solutions offering the robustness and flexibility of analog video capture through to the accuracy of the world's first 4 million-pixel motion capture camera. Indeed the two product sets will be enhanced to interoperate so Peak customers can take advantage of the Vicon product range and vice versa.
"We have some manageable work to do on product integration but, once this is complete, the application upgrade path will be seamless through the entire product range good for customers, the business and our shareholders" Julian Morris, OMG Group Chief Executive.
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.
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.
Related Keywords:Vicon, Peak, Peak Performance Technologies, Julian Morris, motion capture, animation, motion capture camera, OMG Group, Motus,