REG - 1Spatial Plc - First Two TMPA Contracts

1SpatialAnnouncement

19/06/2023 07:00

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RNS Number : 0691D  1Spatial Plc  19 June 2023

19 June 2023

 

1Spatial plc

 

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

 

First Two Traffic Management Plan Automation Contracts

 

1Spatial, a global leader in Location Master Data Management (LMDM) software
and solutions, has secured the first two contracts for its newly launched
Traffic Management Plan Automation (TMPA) solution under the 1Streetworks
brand in the UK ("1Streetworks"). The first contract is with a major utility
network operator and the second is with a large traffic management
organisation. Both contracts are for a three-month term, with the intention to
move to annual or multi-year contracts upon successful completion of the
initial period.

 

Launched in November 2022, 1Streetworks automates the production of traffic
management plans, diversion routing and asset inventory lists in the UK.
Depending on complexity, current levels of investment in plan production range
from several hours to multiple days. 1Streetworks produces a comprehensive,
site-specific traffic management plan in just a few minutes. It significantly
shortens the time, effort, and cost it takes for organisations to produce
traffic management plans that are both consistent and compliant.

 

1Streetworks is an example of 1Spatial's move into offering pure SaaS-based
solutions via its newly launched cloud platform, as part of the Company's
strategy to increase its high margin, highly scalable recurring software
revenue.

 

With an estimated addressable market in the UK low-speed roads alone of £250m
and no comparable offering in the market, the opportunity for 1Streetworks has
the potential to be transformational for 1Spatial.

 

Commenting on the contract awards, 1Spatial CEO, Claire Milverton, said:
"1Streetworks has the potential to revolutionise the traffic management
planning industry by providing organisations with a cost effective, accurate
and immediate solution to a process that is currently time-consuming and
labour intensive - freeing up their people, improving productivity and
reducing costs.

"Through our cloud platform, we are adding a new layer of potential growth for
the Group, targeting a niche area of the location market where we have
identified significant demand and low levels of competition. We are excited
about the future long-term contracts this solution will bring."

 

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
                                                        020 3405 0205

 Alma PR
 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 and solutions, primarily to the Government, Utilities and
Transport sectors. Our global clients include national mapping and land
management agencies, utility companies, transportation organisations,
government and defence departments.

 

Today - as location data from smartphones, the Internet of Things and great
lakes of commercial Big Data increasingly drive commercial decision-making -
our technology drives efficiency and provides organisations with confidence in
the data they use.

 

We unlock the value of location data by bringing together our people,
innovative solutions, industry knowledge and our extensive customer base.  We
are striving to make the world more sustainable, safer and smarter for the
future. We believe the answers to achieving these goals are held in data. Our
1Spatial Location Master Data Management (LMDM) platform incorporating our
1Integrate rules engine delivers powerful data solutions and focused business
applications on-premise, on-mobile and in the cloud. This ensures data is
current, complete, and consistent through the use of automated processes and
always based on the highest quality information available.

 

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

 

For more information visit www.1spatial.com

 

 

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