Major multi-year contract renewal

1Spatial Plc

18 September 2024

 

18 September 2024

1Spatial plc

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

Major multi-year contract renewal with a National Public Authority in France

1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, is pleased to announce the renewal and expansion of a significant contract with a National Public Authority in France ("Contract"). The Contract is valued at €1.5 million over four years and will provide annual recurring revenue of €0.38 million, representing a 10% uplift. The Contract, alongside the successful ongoing implementation of the previously announced major multi-year contracts in France, Belgium and Germany, underpins management's confidence in the European revenues for the year ended 31 January 2025 and beyond.

Through the Contract, 1Spatial provides the software platform which enables the National Public Authority in France to automate the integration and validation of millions of location data points every day across 3,500 different agencies nationwide.

The Contract is another demonstration of 1Spatial's software's ability to manage huge volumes of complex location data at scale, as it does for customers and projects such as the National Underground Asset Register in the UK, Google REWS and the California Department of Transportation in the US.

Commenting on the contract award, 1Spatial CEO, Claire Milverton, said: "We are pleased to report this significant multi-year contract renewal, underpinning European revenue visibility for the current year and beyond. With our patented location master data management technology powering some of the world's most complex national data sets, we see considerable opportunity to support the digital transformation agenda worldwide. We look forward to sharing further details of our progress with our shareholders when we release our interim results in October."

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
Alma Strategic Communications	020 3405 0205
Caroline Forde / Hannah Campbell / Kinvara Verdon	[e-mail]

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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