(Sharecast News) - Location Sciences has partnered with European location planner CACI to bring its accurate location data to the commercial property sector.
The partnership will see CACI incorporate Location Sciences' proprietary location data into its wider dataset, delivering greater accuracy and precision in location data intelligence to its clients, which includes several of the UK's largest retail and property industries.
Location Sciences will provide data such as footfall analysis, competitor analysis and catchment area analysis, all in real time and delivered by a centralised dashboard.
The AIM-listed firm said its contract with CACI represented "a milestone", providing it with a significant revenue stream, as well as proving the value of the outfit's location data and its applicability to a wide variety of industries.
Location Sciences also said the contract builds on the "strong partnership" which it had established with CACI over the last few months through the delivery of multiple successful projects.
Location Sciences' chief executive Mark Slade, said: "We are excited to be partnering with the industry leader. This is a fantastic opportunity for our location data intelligence to be leveraged by the property and retail markets. We believe that this is a great starting point from which, in time, we can roll out our offering internationally."
As of 1005 BST, Location Sciences shares had risen 5.11% to 0.024p.