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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 EUR3m including
around EUR0.7m implementation services and around EUR0.6m 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
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