REG - 1Spatial Plc - Second major customer win for 1Streetworks

1SpatialAnnouncement

21/10/2024 07:00

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RNS Number : 8555I  1Spatial Plc  21 October 2024

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21 October 2024

 

1Spatial plc

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

 

Second major customer win for 1Streetworks

Surrey County Council targets significant cost and time savings through
implementation of innovative SaaS solution

 

Further to the notification on 14 October 2024, 1Spatial, (AIM: SPA) a global
leader in Location Master Data Management (LMDM) software and solutions, has
now entered into a 12-month contract valued at £1m with Surrey County Council
for its 1Streetworks SaaS solution ("Contract").

 

1Streetworks' cloud-based SaaS solution is the first in the market to fully
automate the production of traffic management plans, diversion routing and
asset inventory lists. It also enables the plans and their location to be
shared with other users on the platform. The cloud-based system can also be
effortlessly incorporated into existing operational processes with minimal
disruption.

 

The County Council intends to use the platform as a centralised hub to manage
the execution of street works on traffic sensitive roads, improving
efficiency, speed and safety of street works carried out. Traffic-sensitive
roads are high-volume or major public transport routes prone to significant
delays during roadworks. Using the platform to plan and manage ongoing works
will enable seamless collaboration between the County Council and other
stakeholders including utilities and Tier 1 contractors.

 

The platform's use by multiple organisations should increase industry
awareness amongst the 1Streetworks target market and highlight the substantial
return on investment the solution delivers.

 

Commenting on the Contract award, 1Spatial CEO, Claire Milverton, said: "We
are delighted to have secured this significant contract with Surrey County
Council. This achievement reinforces the value of our proposition, marks a
significant milestone in the growth of this critical business segment and
provides further evidence of the successful execution of our strategy.

 

Adoption by a government body will significantly elevate the profile of
1Streetworks SaaS among our target customer base and highlight the associated
benefits to industry participants. Combined with the recent strategic
additions to our 1Streetworks team, 1Spatial is well placed to capitalise on
the substantial £400m addressable market opportunity."

 

For further information, please contact:

 

 1Spatial plc                                                           01223 420 414
 Claire Milverton / Stuart Ritchie

 Panmure Liberum (Nomad and Broker)                                     020 3100 2000
 Max Jones / Edward Mansfield / Anake Singh

 Cavendish Capital Markets Limited (Joint Broker)                       020 7220 0500

 Jonny Franklin-Adams / Edward Whiley / Rory Sale (Corporate Finance)

 Sunila de Silva (Corporate Broking)

 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 providing Location Master Data Management
(LMDM) software, solutions and business applications, primarily to the
Government, Utilities and Transport sectors via the 1Spatial platform and SaaS
offerings. Our solutions ensure data governance, facilitating the efficient,
effective and sustainable operation of customers around the world. 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 global clients
include national mapping and land management agencies, utility companies,
transportation organisations, government and defence departments.

 

We have two SaaS offerings for which we see considerable potential - NG9-1-1
and 1Streetworks. 1Streetworks automates the production of traffic management
plans, diversion routing and asset inventory lists in the UK, producing a
comprehensive, site-specific traffic management plan in just a few minutes.
Our Public Safety NG-9-1-1 solution combines a powerful rules engine and data
aggregator with a self-service cloud platform to support public safety
entities with their data readiness needs.

 

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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