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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
  0.00 0.0% 38.00 36.00 40.00 38.00 38.00 38.00 9,962 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 24.6 -1.4 -1.0 - 42

1Spatial Plc UK Patent Granted

17/05/2021 7:00am

RNS Non-Regulatory


TIDMSPA

1Spatial Plc

17 May 2021

17 May 2021

1Spatial plc

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

UK Patent Granted for Modification and Validation of Spatial Data

1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, is delighted to announce it has been granted a UK Patent for Modification and Validation of Spatial Data.

The UK patent protects the use of 1Spatial's Rules Engine technology, which is used in products such as 1Integrate and 1Data Gateway, further strengthening the Group's international patent coverage, which includes a US patent for Modification and Validation of Spatial Data.

The 1Integrate rules engine solves the issue of managing the quality of data in one or more databases. Ensuring good data quality, which is also referred to as Master Data Management, is an issue for most organisations, especially where databases are large, complex and interconnected with other systems. Bad data quality reduces the operational efficiency of organisations and prevents effective decision making. The 1Integrate Rules Engine solves this issue using a rules-based validation process which checks and cleans the data in order to measure, improve and protect the quality of the data and hence improve the operations, decisions and software implementations that depend on it.

Claire Milverton, CEO of 1Spatial , commented, " As pioneers in the cleansing of location data, we are delighted to have been granted a UK Patent for our Rules Engine technology, recognising its power as a tool to ensure good quality data and facilitate trust when sharing data . Our understanding of the complexity of location data formats and sources, the rules that need to be applied and the issues that arise, has seen our technology be selected to power some of the world's largest location data implementations."

For further information, please contact:

 
 1Spatial plc                                      01223 420 414 
 Claire Milverton / Andrew Fabian 
 
 Liberum (Nomad and Broker)                        020 3100 2000 
 Neil Patel / Cameron Duncan / Ed Phillips 
  / Miquela Bezuidenhoudt 
 
 Alma PR                                           020 3405 0205 
 Caroline Forde / Justine James / Molly Gretton    1spatial@almapr.co.uk 
 

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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END

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May 17, 2021 02:00 ET (06:00 GMT)

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