30 January 2024
1Spatial
plc
("1Spatial", the
"Group" or the
"Company")
New customer multi-year
contract with European utility company
1Spatial to support a major
utility based in Belgium to produce, and ensure the quality of, its
geospatial data
1Spatial, (AIM: SPA), a global leader in
Location Master Data Management (LMDM) software and solutions, has
secured a three-year contract with a leading Distribution System
Operator for electricity and gas networks in Belgium, following a
competitive tender.
The contract is for geospatial data
processing services and will see 1Spatial's 1Integrate product used
for its unique data quality control and data validation
capabilities, alongside 1Spatial's geospatial data production
services. 1Spatial will assist the utility
company in the production of a Digital Twin of its distribution
network and enhance the quality and accuracy of its geospatial
data. The project will enable the utility
company to carry out a wide range of activities, including
distribution network management, connection works and repairs, in a
more efficient, cost-effective manner, ensuring the safety of its
team and customers.
The total contract value to 1Spatial is €9.0
million of which 1Spatial will deliver €4.1 million including €0.3
million in term software licence revenue. 1Spatial will utilise
partners to deliver the balance of the work, with a total value
€4.9 million, over the three-year duration of the
contract.
Commenting on the contract award, 1Spatial CEO, Claire
Milverton, said: "This is a great competitive win for
1Spatial, further expanding our presence in Europe. Our new
customer will use our unique technology and solutions to produce
and improve the quality and accuracy of its geospatial data. This
contract win adds to our growing ARR revenues and demonstrates the
credentials of our enterprise offering and with the potential for
expansion, we are excited to be working with this leading-edge
operator."
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:
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1Spatial plc
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01223 420 414
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Claire Milverton / Stuart
Ritchie
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Liberum (Nomad and Broker)
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020 3100 2000
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Max Jones / Edward Mansfield
/ Anake Singh
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Alma
Strategic Communications
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020 3405 0205
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Caroline Forde / Hannah
Campbell
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1spatial@almastrategic.com
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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