REG - 1Spatial Plc - Contract with European aerospace company

1SpatialAnnouncement

19/07/2022 07:00

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RNS Number : 8902S  1Spatial Plc  19 July 2022

19 July 2022

 

1Spatial plc

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

 

Major Multi-year Contract with European aerospace company

1Spatial's solution based on 1Telecomms and 1Integrate flagship software
solutions

 

1Spatial, (AIM: SPA), a global leader in Location Master Data Management
(LMDM) software and solutions, is delighted to announce the signing of a
significant five-year contract with a major European aerospace company
following a competitive tender. The contract is for software licenses,
implementation and subsequent annual recurring software and managed services.
The total value of the contract over the five years is approximately €3m
including around €0.7m implementation services and around €0.6m per annum
(for four years commencing in FY 2024) of software licence and managed
services revenue, commencing after implementation.

 

1Spatial is proud to be supporting this major international organisation in
establishing its new telecom asset management software system covering four
countries. The offered solution is based on the solutions 1Telecomms and
1Integrate, the 1Spatial flagship software solution. This is a significant
contract win, not only because it is a major commercial client in Europe,
including significant recurring revenue, but also our first major win for our
1Telecomms solution, which was launched in 2021, supporting our global growth
strategy.

 

1Telecomms is a telecommunications asset management software system for the
effective management of fibre optic and telecommunications networks. Featuring
cartographic and schematic views, the technology supports the construction,
deployment, operation, and maintenance of telecommunications networks and is
built on the Esri GIS platform.

 

The new solution is destined to replace the current system, which has reached
end of life, by offering the organisation extended capacities on a modern
platform. It will enable them to manage their telecom assets in an integrated
and harmonised manner globally.

 

Commenting on the contract award, 1Spatial CEO, Claire Milverton, said: "We
are delighted to have won this contract from a major commercial organisation,
supporting our Land and Expand strategy in Europe. This award validates the
world-leading nature of our innovative technology, and we expect many further
opportunities from our recently launched 1Telecomms solution combined with our
patented 1Integrate offering."

 

The information contained within this announcement is deemed by the Company to
constitute inside information as stipulated under the Market Abuse Regulation
(EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit)
Regulations 2019.

 

For further information, please contact:

 

 1Spatial plc                                         01223 420 414
 Claire Milverton / Andrew Fabian

 Liberum (Nomad and Broker)                           020 3100 2000
 Neil Patel / Cameron Duncan / 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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