REG - 1Spatial Plc - Two significant US contract wins

1SpatialAnnouncement

05/09/2022 07:00

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RNS Number : 1701Y  1Spatial Plc  05 September 2022

5 September 2022

1Spatial plc

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

 

Two significant customer wins demonstrate continuing US growth and momentum

 

 

1Spatial, (AIM: SPA), a global leader in Location Master Data Management
(LMDM) software and solutions, is pleased to announce it continues to make
solid progress in the US, where it sees significant new opportunities to bring
its unique technology and solutions to an expanding market.

 

The Group has secured a US$1.2m seven-year contract with the State of Arkansas
for its Next Generation 911 (NG911) solution, the eighth US State to select
the solution. 1Spatial has also been selected by the Eastern Transportation
Coalition (ETC), a partnership of 18 US east coast States and Washington DC,
as a vendor for conflation solutions within its Traffic Data Marketplace
(TDM), and has secured its first contract through the marketplace, for US$400k
with Massachusetts Department of Transportation. The total potential contract
value for conflation within this ETC framework agreement is estimated to be up
to US$15m over eight years.

 

These repeatable solution sales contribute to the Group's increasing levels of
recurring revenue, and the healthy NG911 and ETC pipeline further underpins
the Group's positive financial outlook.

 

Eighth US State takes up 1Spatial NG911 Solution

Following a competitive tender, Arkansas State selected 1Spatial's cloud based
NG911 Solution, incorporating 1Spatial's flagship 1Integrate and 1Data
Gateway, to ensure compliance with the NENA standard for 911 call processing.
The seven-year contract is expected to have a total value to 1Spatial of $1.2
million, with $1.1m in relation to software licence annual recurring revenue.
The first four years' revenue amounting to $0.7m is committed, and the
following three years are under option. The win demonstrates 1Spatial's
ability to bring its unique solution to the US, to help providers achieve
faster response times, which presents a major opportunity for the business
going forward.

 

First win under new framework agreement covering 18 US States

The ETC coalition includes both potential new and existing State customers.
Each State's potential contract amount is valued based on their linear miles
of road network, with the total contract value for conflation within the
framework being approximately US$15m over the eight-year period. 1Spatial's
1Integrate rules-engine and Conflation Solution Rule Pack solutions are
available for use by the 18 US east coast States and Washington DC within the
coalition, to automate their traffic reporting processes to ensure the safe
and efficient management of the inter-regional roadway system. 1Spatial will
add exclusive value to this framework, being the only vendor to offer
conflation of data as a repeatable automated rules-based solution.

 

Commenting on the new wins, 1Spatial CEO, Claire Milverton, said:

 

"These are fantastic wins for 1Spatial, demonstrating our expanding presence
in the US market and offer further validation of the size of this opportunity.

 

"Being selected by Arkansas State to deliver its NG911 system is a great
competitive win for us. Arkansas is now the eighth State so far to choose our
solution, demonstrating the value and uniqueness of our proposition and
reinforces our strategy to launch this as a SaaS-based solution to US cities
and counties later in the year.

 

"We are proud to be using our automated rules-based technology to ensure the
safety and efficiency of the ETC states and it is extremely encouraging to
have already secured our first contract through the framework with
Massachusetts DOT.

 

"We are hugely excited about the further potential prospects in the US that
our innovative business applications bring."

 

 

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 / Stephen Samuel    1spatial@almapr.co.uk

 

About 1Spatial

 

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.

 

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

 

 

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