The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks1Spatial Holdings Regulatory News (SPA)

Share Price Information for 1Spatial Holdings (SPA)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 63.00
Bid: 61.00
Ask: 65.00
Change: 0.00 (0.00%)
Spread: 4.00 (6.557%)
Open: 63.00
High: 63.00
Low: 63.00
Prev. Close: 63.00
SPA Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Business Update

8 Jan 2020 07:00

RNS Number : 0640Z
1Spatial Plc
08 January 2020
 

08 January 2020

 

1Spatial plc (AIM: SPA)

 

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

 

Continued Customer Momentum, Operational Execution and New Strategic Partnerships

 

1Spatial, a global leader in location and geospatial software solutions and Location Master Data Management, is pleased to provide an update on continued customer momentum, operational execution and new strategic partnerships.

 

Continued Customer Momentum and Operational Execution

 

A focus on improved sales execution continues to drive forward momentum at 1Spatial, with good progress on winning new business and selling more to existing customers; examples of which are set out below. Management have also made advancements in the integration of Geomap-Imagis, 1Spatial's French acquisition, completed in May 2019.

 

The Bureau of Meteorology - Win in Australia

1Spatial has been selected in an open tender by The Bureau of Meteorology in Australia to provide software and services. The total value of the deal is in excess of A$1m - part term licence (over 3 years), part services. The Bureau of Meteorology is an executive agency of the Australian Government responsible for providing weather services to Australia and surrounding areas.

 

New customer success in US

1Spatial's solutions excel in situations of big data sets with the need for process automation; which is exactly the issue being faced by the US government sector. There are significant opportunities for our software at every level in the US government where specific spatial data issues are concentrated, which is the biggest driver for 1Spatial's significant momentum in the sector.

 

For context, back in 2015 1Spatial had three clients in the US solutions business and the biggest client was US Census. 1Spatial now have more than 30 clients with no single customer reliance. Some new wins during FY20 include:

 

·; Rhode Island Department of Transport

·; West Virginia Department of Transport

·; Pennsylvania Department of Transport

·; Massachusetts Department of Transport

·; Alabama Department of Transport

·; Cuyahoga County

 

Good traction with French acquisition

1Spatial is pleased to report that following the acquisition of Geomap-Imagis in May 2019, the integration process is progressing well and is expected to be completed in the first quarter of the calendar year.

 

The merits of the deal are becoming increasingly clear, with 1Spatial already secured encouraging levels of new orders. New orders are currently amounting to around €500k per month to both new and existing clients, excluding support and maintenance renewals, and is supported by a strong and growing pipeline of opportunities.

 

New Strategic Partnerships

 

As part of a planned go-to-market initiative to expand routes to market and to accelerate the uptake of 1Spatial's technology through partners, the team continues to work hard securing strategic partnerships in key markets. Good traction has been made over recent months, including alliances with the following:

 

Neueda - new partnership agreement in UK and Ireland

1Spatial has signed a partnership agreement with IT provider, Neueda.

 

Neueda has a 3-year contract with the Department of Agriculture, Environment and Rural Affairs in Northern Ireland (DAERA) to provide application development, technical delivery support, testing and GIS services. As its first collaboration under this new partnership, 1Spatial will provide geospatial solutions and support to Neueda in its execution of its DAERA contract. The partnership will enable Neueda and 1Spatial to collaborate on other opportunities, as well as enabling 1Spatial to continue providing services to DAERA. 

 

Michael Baker DataMark - 1Integrate embedded into Michael Baker DataMark platform

DataMark, the Next Generation 911 (NG911) division of Michael Baker International, signed an agreement with 1Spatial in 2018 to integrate the Group's 1Integrate technology into the DataMark platform, with 1Spatial receiving a fixed revenue share.

 

Though the partnership is still developing, there seems to be good traction with initial sales to a number of DataMark's customers. Longer term, with c. 3,000 counties across the 50 states, all of which could be potential customers, the addressable market of the partnership is significant.

 

Commenting on the update, 1Spatial CEO, Claire Milverton, said:

"I am pleased to report good progress across the Group. Our go-to-market approach is seeing increasing traction with a number of new strategic partnerships and contracts as well as expansion of existing relationships, reflecting our approach of growing customer relationships and the strong proposition which 1Spatial is able to offer. We remain on-track with the integration of Geomap-Imagis and excited by the opportunity the deal presents."

 

For further information, please contact:

 

1Spatial plc

01223 420 414

Claire Milverton / Nicole Payne

N+1 Singer

020 7496 3000

Shaun Dobson / Lauren Kettle / Tom Salvesen

FTI Consulting

020 3727 1000

Dwight Burden / Alex Le May

1spatial@fticonsulting.com

 

1Spatial

 

1Spatial is a technology-enabled solutions provider supplying vertically-focussed business applications to industry sectors where the accuracy of location and geospatial data is key. It is a global leader in managing geospatial data, with the goal to be a market leader in Location Master Data Management through its cloud-based SaaS platform.

1Spatial provides its customers with business-focussed applications where there is a reliance on location or geospatial data. It delivers real value by using its patented 1Integrate tool to ensure that the underlying data is current, complete and consistent using automated processes. This ensures that decisions are always based on the highest quality information available.

Our global clients include national mapping and land management agencies, utilities, transportation organisations, government departments, emergency services, defence and census bureaus.

Today - as location data from smartphones, the Internet of Things and great lakes of commercial Big Data increasingly drive commercial decision-making - our technology is used by a wide range of commercial and government organisations from utilities and transport businesses, to facilities management companies.

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

To find our more, visit www.1spatial.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
END
 
 
UPDUPUPPGUPUPUM
Date   Source Headline
15th May 20143:20 pmRNSHolding(s) in Company
13th May 20147:00 amRNSPreliminary Results
25th Apr 20147:00 amRNSTrading Statement
7th Feb 20142:51 pmRNSHolding(s) in Company
7th Feb 201412:41 pmRNSHolding(s) in Company
28th Jan 20147:00 amRNSContract Extension
16th Jan 20142:12 pmRNSAcquisition of final 10% of Star-Apic
7th Jan 201410:51 amRNSHolding(s) in Company
12th Dec 20134:39 pmRNSHolding(s) in Company
13th Nov 20137:00 amRNSContract Extension
16th Oct 20131:34 pmRNSIssue of options
26th Sep 20133:01 pmRNSHolding(s) in Company
24th Sep 20137:00 amRNSInterim Results
13th Aug 20134:55 pmRNSResult of AGM
5th Aug 20137:00 amRNSContract Win
3rd Jul 20139:37 amRNSHolding(s) in Company
1st Jul 20137:00 amRNSFinal Results
28th Jun 201312:01 pmRNSHolding(s) in Company
17th Jun 20131:54 pmRNSCORRECTION- holdings in Company
17th Jun 20139:30 amRNSHolding(s) in Company
14th Jun 20132:54 pmRNSHolding(s) in Company
12th Jun 201310:31 amRNSResults of General Meeting
12th Jun 20139:17 amRNSHolding(s) in Company
11th Jun 201311:05 amRNSHolding(s) in Company
10th Jun 20139:50 amRNSHolding(s) in Company
29th May 201312:25 pmRNSAcquisition of an additional 14.86% of Star-Apic
24th May 20137:00 amRNSRe: Placing, Acquisition and General Meeting
22nd May 20137:00 amRNSBoard Change
16th Apr 20137:00 amRNSAppointment of Nomad and Broker
6th Mar 20136:21 pmRNSHolding(s) in Company
5th Mar 20135:51 pmRNSHolding(s) in Company
5th Mar 20133:46 pmRNSHolding(s) in Company
27th Feb 201312:58 pmRNSHolding(s) in Company
20th Feb 20133:58 pmRNSIssue of Options - Correction
20th Feb 20132:25 pmRNSIssue of Options
28th Jan 20137:00 amRNS1Spatial Plc to showcase at Forum
7th Jan 20137:00 amRNSContract Win
5th Dec 20127:00 amRNSContract Win
5th Nov 20127:00 amRNSContract Win
1st Nov 20127:00 amRNS1Spatial Launches New Product
31st Oct 20127:00 amRNSHalf Yearly Report
17th Oct 20127:00 amRNSContract Tender
3rd Oct 20127:00 amRNSRe Contract
6th Sep 20122:11 pmRNSResult of AGM
24th Aug 20127:00 amRNSHolding(s) in Company
23rd Aug 201212:15 pmRNSHolding(s) in Company
30th Jul 20127:00 amRNSFinal Results
15th Jun 20127:00 amRNSDirectorate Change
29th May 20121:30 pmRNSDirectors Dealing
28th May 20126:19 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.