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
31st Mar 20235:03 pmRNSSatisfaction of Deferred Consideration & TVR
14th Mar 20234:01 pmRNSTR-1: Notification of Major Holdings
6th Mar 20237:00 amRNSTrading Update and Notice of Results
18th Jan 20233:07 pmRNSExercise of Options and Total Voting Rights
15th Dec 20227:00 amRNSDirectorate Change
2nd Nov 20227:00 amRNSDirector Share Purchase & PDMR Dealing
28th Oct 20221:51 pmRNSExercise of Options
28th Sep 20227:00 amRNSInterim results
5th Sep 20227:00 amRNSTwo significant US contract wins
26th Aug 20227:00 amRNSNotice of Results and Investor Presentation
27th Jul 202211:46 amRNSDirector Share Purchases & PDMR Dealings
19th Jul 20227:00 amRNSContract with European aerospace company
11th Jul 20227:00 amRNSContract win
21st Jun 202212:15 pmRNSResult of AGM
21st Jun 20227:00 amRNSAGM Statement and Trading Update
20th Jun 202212:35 pmRNSHolding(s) in Company
8th Jun 20227:00 amRNSFirst significant contract with High Speed Two
23rd May 20227:00 amRNSFirst contract with the State of New York
18th May 20224:47 pmRNSReport and Accounts and Notice of AGM
16th May 20227:00 amRNSAttendance at the Mello Investor Conference
11th May 20227:00 amRNS$1.4m expansion contract with State of California
27th Apr 20227:00 amRNSFinal Results
6th Apr 20229:30 amRNSNotice of Results and Investor Presentation
4th Mar 20223:03 pmRNSHolding(s) in Company
3rd Mar 20227:00 amRNSTrading update
17th Feb 20227:01 amEQSEdison Investment Research Limited: 1Spatial (SPA) - Validating spatial data across the globe
16th Feb 20227:00 amRNSNG911 contract win with State of Montana
7th Dec 20217:00 amRNSMulti-year contract with Rural Payments Agency
19th Oct 20215:15 pmRNSHolding(s) in Company
19th Oct 20212:18 pmRNSHolding(s) in Company
13th Oct 20217:00 amRNSMulti-year framework agreement
29th Sep 20217:00 amRNSInterim Results
27th Sep 20217:00 amRNSPartnership Contract Win for UK Government project
13th Sep 20217:00 amRNSContract to support UK Geospatial Commission
20th Aug 20217:00 amRNSNotice of Results
13th Jul 20217:00 amRNS1Spatial unveils new 1Integrate 3D rules engine
23rd Jun 202112:11 pmRNSResult of AGM
23rd Jun 20217:00 amRNSAGM Statement
3rd Jun 20212:44 pmRNSHolding(s) in Company - Replacement
3rd Jun 202112:51 pmRNSHolding(s) in Company
26th May 20211:24 pmRNSReport and Accounts and Notice of AGM
17th May 20217:00 amRNSUK Patent Granted
28th Apr 202112:41 pmRNSDirector Share Purchases
28th Apr 20217:00 amRNSFinal Results
15th Apr 20217:00 amRNSGoogle, Inc extends contract with 1Spatial
1st Apr 20217:00 amRNSMulti Year Contract
24th Mar 202110:26 amRNSHolding(s) in Company
19th Mar 20217:00 amRNSEsri Partner Network Award
18th Mar 20217:00 amRNSIntegration Update
12th Mar 20213:37 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.