Imaging software provider OMG has announced that its Yotta DCL division, the UK's leading highway surveying company, has signed a four-year contract with the Highways Agency.
The contract, which carries the option to renew for a further year, is expected to be worth £2.27m over the life of the contract.
As part of the agreement, Yotta DCL will perform a Traffic Speed Condition Survey (TRACS) to determine the condition of the road surface, assess which areas are in particular need of repair and determine where immediate action needs to be taken. Over the life of the agreement, Yotta DCL will survey and monitor around 140,000km of motorway and other major roads across England.
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Nick Bolton, OMG Chief Executive said: "This is a great start to the year for Yotta DCL and we are delighted to be awarded this significant contract with the Highways Agency. At the time of our preliminary results, we highlighted the potential for our new Tempest vans. That potential has today become clear and this contract win is testament to Yotta DCL's technical superiority and progress."
The share price rose 8.43% to 22.5p by 09:50.
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