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Pin to quick picks1Spatial Holdings Regulatory News (SPA)

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Contract win

11 Jul 2022 07:00

RNS Number : 9158R
1Spatial Plc
11 July 2022
 

RNS Reach

11 July 2022

 

1Spatial plc

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

 

1Spatial secures five-year contract with University of Maryland CATT Labs

1Integrate selected to automate data conflation and quality for new customer

 

1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, today announces it has secured a new five-year contract with The Center for Advanced Transportation Technology Laboratory (CATT Lab) at the University of Maryland, the largest transportation big data and data analytics centre in the world. 1Spatial's flagship rules engine, 1Integrate, has been selected to support the automation and conflation of traffic data for the US Federal Highways Administration (FHWA), an existing partner of CATT Lab. The contract has an initial value over the five years of around $0.6m, which will be recognised over the five-year period, adding to the Group's annual recurring revenue.

 

1Spatial's 1Integrate rules engine will be used to enhance the FHWA's National Performance Management Research Data Set (NPMRDS), the only national authoritative information on all public roads in the US, with the conflation of the FHWA National Highway Performance data items onto a commercial dataset base map. Conflation is the process of merging two or more sets of data/information into one combined set. This combined data set will be provided back to FHWA so it can analyse its performance measures and management activities.

 

1Integrate will perform automated conflation including some pre and post validation checks and automated clean-up when necessary to ensure a smooth and timely conflation process.

 

1Spatial's technology will help to provide federal, state, and regional agencies with a more expedient and accurate solution when assessing conditions such as travel reliability, road conditions and congestion, to improve many of the nation's key roadways.

 

Commenting on the contract win, Claire Milverton, CEO at 1Spatial, said:

 

"We are excited to be partnering with CATT Lab to support the improvement of many of the US' key roadways. By using our 1Integrate software, which automates the process of validating and combining data, the Federal Highways Administration can be assured that its National Data Set will be accurate and reliable. This win is a further demonstration of the breadth and quality of our world-class offering and the progress we continue to make in the US. We look forward to working with such world class performance management players."

 

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 / Miquela Bezuidenhoudt

Alma PR

020 3405 0205

Caroline Forde / Hannah Campbell

1spatial@almapr.co.uk

 

 

About 1Spatial

 

1Spatial plc is a leading provider of 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.

 

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

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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.Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
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NRAFLFFRDTITIIF
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