1Spatial Plc 1Spatial Awarded Significant Contract (5341J)

TIDMSPA

RNS Number : 5341J

1Spatial Plc

03 April 2018

3 April 2018

1Spatial plc (AIM: SPA)

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

1Spatial Awarded Significant Contract

1Spatial, the global geospatial software and solutions company is pleased to announce that it has been awarded a significant contract worth GBP1.6m to provide its software and services to Land & Property Services ('LPS') in Northern Ireland.

LPS is the National Mapping Organisation for Northern Ireland and has a responsibility to produce accurate and up-to-date mapping products. The organisation requires highly accurate spatial data and associated information in order to meet the growing demands of customers. 1Spatial's software solution has been identified as the highest quality solution to meet this business critical need effectively.

The total contract value for 1Spatial is GBP1.6m. Total fees of GBP1.3m over 5 years include the supply of Software, Support and Maintenance and Services. Of this amount, approximately GBP0.4m will be recognised by 31(st) January 2019 with the remainder likely to be equally recognised over the remaining period. The remaining GBP0.3m is in relation to extended Support and Maintenance for option years 6-10.

Through this contract, 1Spatial will be building upon existing software already in place to take LPS to the full 1Spatial Management Suite, securing and increasing future recurring revenues for 1Spatial.

1Spatial Management Suite (1SMS), including core modules of 1Integrate, will support LPS in maintaining the accuracy of their data by providing an automated workflow to allow users to identify an area of interest, extract the data to undertake updates and, once edited, automatically validate the changes before submitting the data back to the central database.

Additionally, the automatic data management provided by 1Spatial Management Suite provides effective orchestration and organisation across LPS's data estate that will ensure the delivery of accurate and timely data to customers. The services will enable LPS to integrate their systems and support innovation within their products and services over the next 5-10 years.

Claire Milverton, CEO of 1Spatial commented:

"We have a strong reputation in Government and Land Management and are delighted to build upon this by announcing this exciting contract win with Land & Property Services. This win is testament to our approach of placing our teams at the heart of clients to support their ambitions and optimise the value they receive from our high quality software and solutions.

We have worked with LPS for over 15 years and are delighted to continue and extend this partnership for a further 10 years to support their innovation and growth plans."

- END -

For further information, please contact:

1Spatial plc 01223 420 414

Andrew Roberts / Claire Milverton

FTI Consulting LLP 020 3727 1000

Dwight Burden / Alex Le May

N+1 Singer 020 7496 3000

Shaun Dobson / Lauren Kettle

LEI Code: 213800VG7OZYQES6PN67

About 1Spatial

1Spatial is a software solutions provider and global leader in managing geospatial data. We work with our clients to deliver real value by making data current, complete and consistent through the use of automated processes - ensuring that decisions are always based on the highest quality information available.

Our unique, rules-based approach delivers enterprise-scale, cross-platform, automation to all stages of the data lifecycle. It builds confidence in the data while reducing the time and cost of stewardship. Our global clients include national mapping and land management agencies, utilities, transportation organisations, government departments, emergency services, defence and census bureaus.

A leader in our field, we have a wealth of experience and a record of continual innovation and development. We partner with some of the leading technology vendors including, Esri and Oracle.

For more information visit www.1spatial.com

About LPS

Land & Property Services (LPS) was established as an Executive Agency within the Department of Finance and Personnel for Northern Ireland (DFP) on 1st April 2007. The Agency was initially established from the merger of the former Rate Collection Agency (RCA) and the Valuation and Lands Agency (VLA), followed by the addition of Land Registers of Northern Ireland (LRNI) and Ordnance Survey of Northern Ireland (OSNI(R)) on 1st April 2008. On 1st April 2013 LPS ceased to be an Executive Agency, but retains its function as a Directorate within the Department of Finance (DoF).

Land & Property Services (LPS) collect, process and manage land and property information, which underpins the collection of rates, in support of the Executive's commitment to economic and social development in Northern Ireland.

For more information visit https://www.finance-ni.gov.uk/land-property-services-lps

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTEAPLAEDPPEFF

(END) Dow Jones Newswires

April 03, 2018 02:01 ET (06:01 GMT)