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Share Price Information for 1Spatial Holdings (SPA)

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Share Price: 70.00
Bid: 69.00
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Open: 70.00
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1Spatial Wins USD1.7 Million Geospatial Deal With US Government Agency

Mon, 11th Jul 2016 06:53

LONDON (Alliance News) - Spatial software company 1Spatial PLC on Monday said its US subsidiary has secured a further contract providing geospatial services to a US federal government agency.

The total value of the deal with the unnamed agency is around USD1.7 million, and the contract will start in September, 1Spatial said. A large proportion will be delivered in the current financial year to the end of January, with the rest to come in the following financial year.

"This is our third significant US contract we have announced within the last nine months and this demonstrates the growing importance of this market to 1Spatial as a key driver of growth across the company. We continue to invest and align with our strategic partners and remain confident of converting our growing pipeline in the US market," said Chief Executive Marcus Hanke

By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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