REG - 1Spatial Plc - AGM Statement and Trading Update

1SpatialAnnouncement

07/07/2023 07:00

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RNS Number : 2664F  1Spatial Plc  07 July 2023

7 July 2023

 

1Spatial plc

 

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

 

AGM Statement and Trading Update

 

1Spatial, (AIM: SPA), a global leader in Location Master Data Management
(LMDM) software and solutions, will hold its Annual General Meeting at 11am
today at the offices of Liberum Capital Limited, Ropemaker Place, Level 12, 25
Ropemaker Street, London EC2Y 9LY.

 

At the meeting, Andrew Roberts, Non-Executive Chairman, will make the
following statement:

 

"I am pleased to report on continued positive progress at 1Spatial, including
the first four wins for our new SaaS solutions, for which we see tremendous
opportunity.

 

The investments made last year, and at the start of the current year, into our
sales team and offering, are resulting in a significant and growing sales
pipeline. While sales cycles continue to be somewhat protracted, we have
secured several new customers in the period and have been encouraged by the
positive market feedback at multiple industry events for our new offerings. We
are conscious of the challenges of the wider macro environment and continue to
actively manage the cost base within the Group, particularly within our
European business, to ensure we are efficient in our operations.

 

New customer wins in recent months include, in Belgium, an initial four-year
contract with Société Walloon Des Eaux using our 1Water application. The
contract includes a four-year extension resulting in a total contract value of
€3m. In the US, the Group secured its first contract with the State of
Oregon using our 1Integrate and 1DataGateway products - the initial contract
value is $0.4m with a number of future expansion opportunities. The Group now
has 18 US States as customers, each with significant expansion potential.

 

The Board believes strongly that our SaaS applications are a transformational
growth opportunity and these are a major focus for the Group. We have secured
sales of our first two SaaS solutions, with a contract win for our NG911
solution in our first US county and, in the UK, three sales of our SaaS
product 1Streetworks.

 

The Group has a strong order book, a growing recurring revenue stream and
substantial sales pipeline.  We believe the investments we continue to make
in people and technology have positioned the business well to take advantage
of the huge opportunity ahead and the Board remains confident in delivering
results for FY24 in line with current market expectations."

 

 

For further information, please contact:

 

 1Spatial plc                                           01223 420 414
 Claire Milverton / Stuart Ritchie

 Liberum (Nomad and Broker)                             020 3100 2000
 Max Jones / Edward Mansfield / Miquela Bezuidenhoudt

 Alma PR                                                020 3405 0205
 Caroline Forde / Hannah Campbell                       1spatial@almapr.co.uk

 

 

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

 

 

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