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SPA 1spatial Plc

60.50
0.50 (0.83%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
1spatial Plc LSE:SPA London Ordinary Share GB00BFZ45C84 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.83% 60.50 59.00 62.00 61.00 60.50 60.50 81,092 08:00:18
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 30M 1.06M 0.0095 63.68 67.06M

1Spatial Plc 1Spatial Awarded US State Contract (2729B)

09/01/2018 7:00am

UK Regulatory


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TIDMSPA

RNS Number : 2729B

1Spatial Plc

09 January 2018

9 January 2018

1Spatial plc (AIM: SPA)

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

1Spatial Awarded US State Contract

Data automation project won in partnership with Esri Inc. (Esri)

1Spatial, the global geospatial software and solutions company is pleased to announce that it has received formal agreement to provide its software solutions as part of a state-wide Spatial Data Infrastructure project to the State of Michigan Department of Technology in the USA through a subcontract with Esri, the world's leading GIS software provider.

The total contract value for 1Spatial is $766,000 and is for a five year period. The total 1Spatial license fee is $405,000, split into five annual instalments to 1Integrate for ArcGIS, with associated implementation services being $361,000. Of the associated services, $84,000 was subject to an earlier order agreed in June 2017 and has already been successfully delivered. The remaining services should be delivered by the end of 2018.

This project will form part of the Michigan Geographic Framework and 1Spatial will correct inconsistent data and fix communication problems by creating and maintaining a single, accurate official base map for state business needs. This process will include automating existing manual process with the integration of data from many sources; including state government, local government and private entities.

Ultimately, the automation of the process will save the State of Michigan money and resource, thereby delivering efficiencies. Most importantly, the validation and integration of the data into a single, seamless, statewide database will provide decision makers with accurate and timely data upon which to make critical operational decisions

1Spatial's 1Integrate for ArcGIS product sits within the Esri platform. 1Spatial also has a 'stand alone' 1Integrate product which is based on open architectures and can integrate with other technology platforms.

Claire Milverton, CEO of 1Spatial commented:

"We are delighted to announce this strategic contract win with the State of Michigan Department of Technology.

This contract shows a clear recognition of the value our innovative and open solutions can provide our customers who are tackling ever more complex challenges.

Government entities are key targets for 1Spatial in the US and we are delighted to add the State of Michigan Department of Technology to the growing list of departments who recognise the value we can provide.

We will continue to work successfully alongside Esri to deliver this innovative solution."

- END -

For further information, please contact:

1Spatial plc 01223 420 414

Andrew Roberts / Claire Milverton

FTI Consulting 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 Esri

Esri is the global market leader in GIS.

For more information visit www.esri.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 09, 2018 02:00 ET (07:00 GMT)

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