1Spatial Plc AGM Statement and Trading Update (5471P)

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RNS Number : 5471P

1Spatial Plc

21 June 2022

21 June 2022

1Spatial plc

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

AGM Statement and Trading Update

1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, will hold its Annual General Meeting at 11am today at the offices of Liberum Capital Limited, Ropemaker Place, Level 12, 25 Ropemaker Street, London EC2Y 9LY.

At the meeting, Andrew Roberts, Non-Executive Chairman, will make the following statement:

"1Spatial entered the new financial year in a significantly stronger position with a higher sales backlog, a partner network greater than we have ever had and increased levels of recurring revenue. The Group continues to invest in driving revenue growth, in particular longer-term annual recurring licence revenue. The range of recent contract wins, many of which have potential for future expansion, confirm that 1Spatial is delivering successfully against its growth strategy.

"Digital transformation and the growing need for better quality, shareable location data to support infrastructure investment continue to drive demand for 1Spatial's products across our key regions and markets. New customer wins in recent months include High Speed Two (HS2) in the UK, the State of New York and an expansion contract with the State of California. The opportunity for our business applications such as the Next Generation 911 offering, are considerable, with each new State secured presenting a significant revenue opportunity. We remain focused on capitalising on these opportunities across all our geographies as well as growing new partnerships, targeting the government and large enterprise digital transformation opportunities and, expanding our Cloud platform offering to increase the Group's addressable market. The planned launch of our multi-tenancy SaaS based solutions in H2, including NG911 and Traffic Management Plan, will provide significant future growth opportunities.

"The Group has a strong sales pipeline in all regions and the investments we continue to make in people and technology will position the business well to take advantage of the huge opportunity ahead. As such, the Board remains confident of delivering results for FY 2023 in line with current expectations."

 
 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         [e-mail] 
 

About 1Spatial plc

1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software and solutions, primarily to the Government, Utilities and Transport sectors. Our global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.

Today - as location data from smartphones, the Internet of Things and great lakes of commercial Big Data increasingly drive commercial decision-making - our technology drives efficiency and provides organisations with confidence in the data they use.

We unlock the value of location data by bringing together our people, innovative solutions, industry knowledge and our extensive customer base. We are striving to make the world more sustainable, safer and smarter for the future. We believe the answers to achieving these goals are held in data. Our 1Spatial Location Master Data Management (LMDM) platform incorporating our 1Integrate rules engine delivers powerful data solutions and focused business applications on-premise, on-mobile and in the cloud. This ensures data is current, complete, and consistent through the use of automated processes and always based on the highest quality information available.

1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with operations in the UK, Ireland, USA, France, Belgium, Tunisia and Australia.

For more information visit www.1spatial.com

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June 21, 2022 02:00 ET (06:00 GMT)