RCS - 1Spatial Plc - Growing traction for AI-powered applications

1SpatialAnnouncement

19/12/2024 07:00

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RNS Number : 6672Q  1Spatial Plc  19 December 2024

RNS Reach

19 December 2024

 

1Spatial plc

("1Spatial", the "Group" or the "Company")

 

Growing traction for AI-powered applications in the Utilities sector

1Spatial providing the foundation for the digital transformation of utility
companies

 

1Spatial, (AIM: SPA) a global leader in Location Master Data Management (LMDM)
software and solutions, is pleased to report on the growing traction within
its Enterprise business for its AI-supported applications, including two new
UK customers for its Pipe Inference solution and four new customers for its
Utility Network Migration application, in deals up to £0.3m each. Both
solutions are supporting the growing demand for digital transformation within
the utilities sector and have seen increased interest in recent months.

 

Commenting on the growing utility sector momentum, 1Spatial CEO, Claire
Milverton, said: "The growing traction for our AI-powered solutions across the
utility sector globally reflects the success of our powerful software in
meeting our customers' most pressing problems. Utility organisations are
increasingly transforming into digital organisations with machine learning,
digital twins and preventative action being common practice and 1Spatial's
AI-powered software is key to this. These new wins demonstrate the progress we
are making in a key sector for the Group and that the Land and Expand strategy
in our Enterprise business is continuing to deliver organic growth."

 

Two new UK customers for Pipe Inference application

 

1Spatial's Pipe Inference solution has recently been adopted by two additional
large UK water companies. This brings the total number of customers to four,
with ongoing discussions with other potential clients.

 

The solution uses spatially enabled machine learning techniques to map
undocumented wastewater connections. This addresses the challenge faced by UK
water companies since 2011, when they inherited responsibility for
undocumented local wastewater connections, resulting in large portions of
their network data being unmapped. The increasing adoption of this solution
underscores its effectiveness in speeding up network transformation, reducing
operational costs, enhancing data quality, and supporting the digital
transformation efforts of utility companies.

 

Four customers for Utility Network Migration application

 

1Spatial's Utility Network Migration application uses rules-based AI
techniques to support utility companies in the UK, USA and Australia validate
the data accuracy and facilitate its seamless migration to a Utility Network
Model. This solution has been sold to four utility companies in the last six
months and we continue to build on our pipeline of opportunities.

 

An example of the Utility Network Migration application can be seen at the
Holland Board of Public Works in Michigan, USA whose digital transformation
was being delayed by data migration taking eight weeks for just one
substation. After automation via 1Spatial's application, the remaining eight
substations took an average of just two weeks each to complete.

 

 

 

For further information, please contact:

 

 1Spatial plc                                       01223 420 414
 Claire Milverton / Stuart Ritchie

 Alma Strategic Communications                      020 3405 0205
 Caroline Forde / Hannah Campbell / Kinvara Verdon  1spatial@almastrategic.com

 

About 1Spatial plc

 

1Spatial plc is a global leader in Location Master Data Management (LMDM)
solutions, headquartered in Cambridge with over 1,000 customers around the
world. Our software is used by enterprises and government bodies to make
better business decisions through improved data governance.

 

Our patented rules engine powers a cutting-edge software platform, as well as
a suite of proprietary business applications and SaaS products. Our flexible
deployment options, including cloud-based SaaS, on-premise and hybrid
solutions, are designed to meet our clients' diverse organisational needs.

 

Over the last 12 months, we launched two SaaS offerings with considerable
potential: 1Streetworks which revolutionises traffic management in the UK,
through the automated creation of accurate, compliant and sharable traffic
management plans, diversion routing and asset inventory lists; and Public
Safety NG-9-1-1 solution, which enables US Cities and Counties to comply with
the latest data regulations around public safety and emergency response.

 

1Spatial plc is AIM-listed, with operations in the UK, Ireland, USA, France,
Belgium, Tunisia, and Australia.

 

 www.1spatial.com (http://www.1spatial.com/)

 

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