18 September 2024
1Spatial
plc
("1Spatial", the
"Group" or the
"Company")
Major multi-year contract
renewal with a National Public Authority in
France
1Spatial, (AIM: SPA), a global leader in
Location Master Data Management (LMDM) software and solutions, is
pleased to announce the renewal and expansion of a significant
contract with a National Public Authority in France ("Contract"). The Contract is valued at
€1.5 million over four years and will provide annual recurring
revenue of €0.38 million, representing a 10% uplift. The Contract,
alongside the successful ongoing implementation of the previously
announced major multi-year contracts in France, Belgium and
Germany, underpins management's confidence in the European revenues
for the year ended 31 January 2025 and beyond.
Through the Contract, 1Spatial provides the
software platform which enables the National Public Authority in
France to automate the integration and validation of millions of
location data points every day across 3,500 different agencies
nationwide.
The Contract is another demonstration of
1Spatial's software's ability to manage huge volumes of complex
location data at scale, as it does for customers and projects such
as the National Underground Asset Register in the UK, Google REWS
and the California Department of Transportation in the
US.
Commenting on the contract award, 1Spatial CEO, Claire
Milverton, said: "We are pleased to report this significant
multi-year contract renewal, underpinning European revenue
visibility for the current year and beyond. With our patented
location master data management technology powering some of the
world's most complex national data sets, we see considerable
opportunity to support the digital transformation agenda worldwide.
We look forward to sharing further details of our progress with our
shareholders when we release our interim results in
October."
For
further information, please contact:
|
1Spatial plc
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01223 420 414
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Claire Milverton / Stuart
Ritchie
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|
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Panmure Liberum (Nomad and Broker)
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020 3100 2000
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|
Max Jones
/ Edward Mansfield / Anake Singh
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|
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Alma
Strategic Communications
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020 3405 0205
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Caroline Forde / Hannah Campbell / Kinvara Verdon
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1spatial@almastrategic.com
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About 1Spatial plc
1Spatial plc is a global leader in
providing Location Master Data Management (LMDM) software,
solutions and business applications, primarily to the Government,
Utilities and Transport sectors via the 1Spatial platform. Our
solutions ensure data governance, facilitating the efficient,
effective and sustainable operation of customers around the world.
Our global clients include national mapping and land management
agencies, utility companies, transportation organisations,
government and defence departments.
Today, when using and sharing
trusted data provides significant opportunities for businesses and
governments to deliver against important sustainability and Net
Zero goals, our vision is clear - to make the world safer, smarter
and more sustainable by unlocking the value in data, enabling
better decisions and greater insights.
The 1Spatial platform is a
comprehensive set of data and system agnostic LMDM software
components which helps ensure master data is compliant, current,
complete, consistent, and coordinated - and that customers can be
confident it will remain that way as it evolves. It allows them to
master their data on any device, anywhere, anytime and can be
deployed as SaaS in the cloud, on-premise, or as a hybrid of
both.
Our domain expertise and data
agnostic approach allows us to be an integral and important part of
the Geospatial Ecosystem, supporting the wider digital
economy. We partner with major technology consultancies and
GIS providers such as ESRI and bring together our people,
innovative solutions, industry knowledge and experience from our
extensive customer base to deliver world class
solutions.
1Spatial plc is AIM-listed,
headquartered in Cambridge, UK, with operations in the UK, Ireland,
USA, France, Belgium, Tunisia, and Australia.
www.1spatial.com