Last checked at 5 Aug 2013 07:00
5 August 2013
1Spatial plc (AIM: SPA)
("1Spatial", the "Company" or the "Group")
Contract win and update on interim results date
-STAR-APIC wins contract valued at €1.4m-
1Spatial, the Spatial Big Data Company which manages some of the world's largest spatial data, is pleased to announce STAR-APIC has been selected to deliver its Elyx 3D Smart City solution to manage the water, sewage and electricity networks for the municipalities of Rabat, Tangier and Tetouan in Morocco.
The contract, which was won following a competitive international tender, is valued at €1.4m and relates to the provision of software and services, which will be delivered over the next 12 to 14 months.
STAR-APIC, which was acquired by 1Spatial on June 19, is the leading European provider of Geographic Information Systems ("GIS") software and solutions.
The Company also announces it will be reporting its interim results for the 6 months ended 31 July 2013 on 24 September 2013.
Marcus Hanke, CEO of 1Spatial plc, commented:
"With the world's emerging cities expected to contribute close to half the global GDP growth between now and 2025 it's vital these cities have interactive technology to model and plan their core services and utilities including, water, sewage, electricity and fibre. Our off-the-shelf technology allows the city to combine and reuse its data with national, local, open and utility data to see how city services work together and in turn identifies opportunities to become a 'Smarter City'."
For further information, please contact:
1Spatial plc | 0203 427 5004 |
Marcus Hanke / Claire Milverton | |
FTI Consulting | 020 7831 3113 |
Sophie McMillan / Lucy Delaney | |
N+1 Singer | 020 7496 3000 |
Shaun Dobson / Matt Thomas |