SpaceX IPO is the biggest IPO in stock market history. Join the conversation.Click here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks1Spatial Holdings Regulatory News (SPA)

  • This share is currently suspended. It was suspended at a price of 72.80
  • There is currently no data for SPA

First Two TMPA Contracts

19 Jun 2023 07:00

RNS Number : 0691D
1Spatial Plc
19 June 2023
 

19 June 2023

 

1Spatial plc

 

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

 

First Two Traffic Management Plan Automation Contracts

 

1Spatial, a global leader in Location Master Data Management (LMDM) software and solutions, has secured the first two contracts for its newly launched Traffic Management Plan Automation (TMPA) solution under the 1Streetworks brand in the UK ("1Streetworks"). The first contract is with a major utility network operator and the second is with a large traffic management organisation. Both contracts are for a three-month term, with the intention to move to annual or multi-year contracts upon successful completion of the initial period.

 

Launched in November 2022, 1Streetworks automates the production of traffic management plans, diversion routing and asset inventory lists in the UK. Depending on complexity, current levels of investment in plan production range from several hours to multiple days. 1Streetworks produces a comprehensive, site-specific traffic management plan in just a few minutes. It significantly shortens the time, effort, and cost it takes for organisations to produce traffic management plans that are both consistent and compliant.

 

1Streetworks is an example of 1Spatial's move into offering pure SaaS-based solutions via its newly launched cloud platform, as part of the Company's strategy to increase its high margin, highly scalable recurring software revenue.

 

With an estimated addressable market in the UK low-speed roads alone of £250m and no comparable offering in the market, the opportunity for 1Streetworks has the potential to be transformational for 1Spatial.

 

Commenting on the contract awards, 1Spatial CEO, Claire Milverton, said: "1Streetworks has the potential to revolutionise the traffic management planning industry by providing organisations with a cost effective, accurate and immediate solution to a process that is currently time-consuming and labour intensive - freeing up their people, improving productivity and reducing costs.

"Through our cloud platform, we are adding a new layer of potential growth for the Group, targeting a niche area of the location market where we have identified significant demand and low levels of competition. We are excited about the future long-term contracts this solution will bring."

 

For further information, please contact:

 

1Spatial plc

01223 420 414

Claire Milverton / Stuart Ritchie

 

Liberum (Nomad and Broker)

020 3100 2000

Max Jones / Edward Mansfield / Miquela Bezuidenhoudt

 

Alma PR

020 3405 0205

Caroline Forde / Hannah Campbell

1spatial@almapr.co.uk

 

 

About 1Spatial plc

 

1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software and solutions, primarily to the Government, Utilities and Transport sectors. Our global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.

 

Today - as location data from smartphones, the Internet of Things and great lakes of commercial Big Data increasingly drive commercial decision-making - our technology drives efficiency and provides organisations with confidence in the data they use.

 

We unlock the value of location data by bringing together our people, innovative solutions, industry knowledge and our extensive customer base. We are striving to make the world more sustainable, safer and smarter for the future. We believe the answers to achieving these goals are held in data. Our 1Spatial Location Master Data Management (LMDM) platform incorporating our 1Integrate rules engine delivers powerful data solutions and focused business applications on-premise, on-mobile and in the cloud. This ensures data is current, complete, and consistent through the use of automated processes and always based on the highest quality information available.

 

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

 

For more information 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.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.
 
END
 
 
CNTZZGMVLVRGFZM
Date   Source Headline
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
23rd Apr 20124:41 pmRNSChange of name
19th Apr 20125:18 pmRNSResult of AGM
19th Apr 20125:07 pmRNSResult of General Meeting
2nd Apr 20123:42 pmRNSNotice of GM & Receipt of Payment
16th Mar 20127:00 amRNSAppointment of Broker
10th Feb 20123:18 pmRNSHolding(s) in Company
3rd Feb 20122:10 pmRNSAdditional Listing
24th Jan 20121:50 pmRNSHolding(s) in Company
6th Jan 20129:38 amRNSHolding(s) in Company
28th Nov 20117:01 amRNSAppointment of Directors
28th Nov 20117:00 amRNSCompletion of Scheme
28th Nov 20117:00 amRNSCancellation - 1Spatial Holdings Plc
25th Nov 20115:01 pmRNSScheme Effective
25th Nov 201112:21 pmRNSScheme of Arrangement and Reduction of Capital
25th Nov 20117:30 amRNSSuspension - 1 Spatial Holdings Plc
16th Nov 201111:16 amRNSRevised Timetable
7th Nov 20113:07 pmRNSResult of GM
7th Nov 201112:02 pmRNSResult of GM
4th Nov 20113:56 pmRNSRevised Timetable of Principal Events
4th Nov 201112:23 pmRNSEmployee Representatives Opinion
31st Oct 20112:21 pmRNSForm 8.3 - 1Spatial
28th Oct 20111:18 pmRNSForm 8.3 - 1Spatial Holdings PLC - Amendment
28th Oct 201111:50 amRNSForm 8.3 - 1Spatial Holdings plc
28th Oct 20117:00 amRNSInterim Results
25th Oct 20115:12 pmRNSForm 8 (OPD) (Avisen) - Amendment
25th Oct 20114:55 pmRNSForm 8.3 - Avisen PLC
25th Oct 201112:43 pmRNSForm 8.3 - Avisen PLC

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.