1Spatial Plc HERE Reseller Agreement (1696M)

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RNS Number : 1696M

1Spatial Plc

11 October 2016

11 October 2016

1Spatial plc (AIM: SPA)

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

HERE reseller agreement

The Board of Directors of 1Spatial, the global spatial software, service and data quality company which manages the world's largest spatial data, is pleased to announce that it has entered into a reseller distribution agreement with HERE (the "Agreement"), a leader in navigation, mapping and location experiences.

The Agreement follows the strategic partnership between 1Spatial and HERE announced on 11 January 2016, under which HERE works with 1Spatial to provide data quality and processing solutions incorporating selected high quality map data. The Agreement was formed to fulfil key enterprise account requirements and market opportunities, bringing multiple benefits to clients and the market. The initial term of the Agreement runs until 31 August 2017 and automatically renews thereafter for successive twelve-month periods.

Marcus Hanke, CEO of 1Spatial plc commented:

"After announcing the Strategic Partnership with HERE, we are pleased that our relationship has extended with our reseller agreement. The role of reliable data within the automotive industry continues to be a major issue, but is also a challenge for lots of adjacent verticals. 1Spatial are uniquely positioned in the ecosystem to help drive geospatial data technology opportunity and adoption."

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For further information, contact:

 
 1Spatial plc             Tel: [phone] 
  Marcus Hanke/Claire 
  Milverton 
 N+1 Singer               Tel: [phone] 
  Shaun Dobson/Lauren 
  Kettle 
 FTI                      Tel: [phone] 
  Dwight Burden/Alex Le 
  May 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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October 11, 2016 02:00 ET (06:00 GMT)