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

Framework Agreement

12 Jan 2011 07:00

RNS Number : 2990Z
1Spatial Holdings Plc
12 January 2011
 



 

1Spatial Holdings plc

 ("1Spatial" or "the Company")

 

 

1Spatial wins Ground-breaking Framework Agreement with Ordnance Survey

 

1Spatial (AIM: SPA), providers of intelligent data quality and integration solutions, today announces that it has been awarded a contract to provide software and services to support the delivery of Ordnance Survey's Multi Resolution Data Programme (MRDP). This contract win follows a procurement process lasting over six months which included three days of benchmarking workshops against a set of demanding generalisation scenarios.

The ground-breaking Framework Agreement between Ordnance Survey and 1Spatial represents a partnership in which both parties are committed to driving automated generalisation forward within an orchestrated enterprise production workflow process. The framework agreement will run for four years to 2015 with an initial value of £595,000 and longer term 1Spatial estimate it will be worth over a seven figure sum in additional development, licenses and services. The award underlines the role that 1Spatial's rules-based approach will play in delivering Ordnance Survey's world renowned products over the next decade.

The Ordnance Survey Multi Resolution Data Programme aims to deliver new geographic information data products to meet the changing demands of the market and customer needs. It will also drive internal efficiencies through more effective management of data content from which products can be created. Under the agreement 1Spatial will be providing expertise around the development of automated generalisation software. The generalisation algorithms that are created for the software are developed internally at Ordnance Survey by the highly skilled research team.

Globally, National Mapping and Charting Agencies (NMAs) are facing a set of demands that require flexible and rapid deployment of highly accurate data in near real time to their customers. This comes during a time in which they are striving to redefine their roles and as crowd sourced communities are developing their own fit-for-purpose solutions. Automated generalisation, as a goal of the NMAs, requires a huge effort on their part as they customise commercial solutions to fulfil specific requirements. Additionally, the growth of crowd source data will be essential to progress in the automation of generalisation. The Ordnance Survey award is significant as it builds on the work 1Spatial has already undertaken including with AdV in Germany and IGN France. Other NMAs have also reaped the benefits of using 1Spatial's business rules to deploy location as a fundamental analytical intelligence tool.

Peter ter Haar, Director of Products at Ordnance Survey said:

'1Spatial's commercial product offering came closest to meeting our requirements to deliver novel products based on the rapidly evolving demands of our customers. We were also impressed with the capability of the 1Spatial team to apply innovative thinking to the challenges presented by automated generalisation'.

Dr Michael Sanderson, Strategy Director at 1Spatial added.

"We are delighted to win this framework contract and to be supporting Ordnance Survey in delivering its Multi Resolution Data Programme. It underlines that our generalisation strategy is attractive to NMAs as they move to meet the information on demand requirements being driven by the emerging intelligent industries. Enterprise knowledge rules will form the basis of both the maintenance of the Ordnance Survey databases and the product line".

-ends-

 

About 1Spatial

1Spatial is an industry leader in the provision of intelligent data quality and integration solutions for organisations worldwide that need to trust their location-based information. For more than 40 years, 1Spatial has been providing solutions and services to public and private sector organisations who handle high-volumes of business critical data. By automating the transformation of complex and distributed data into accurate and valuable information, organisations can improve operational efficiently, reduce costs, manage compliance and improve decision making. These solutions are delivered through its own sales and services team with headquarters in Cambridge, UK. For more information, visit www.1spatial.com

 

About Ordnance Survey

Ordnance Survey is Great Britain's national mapping agency, providing the most accurate and up-to-date geographic data, relied on by government, business and individuals. For over 200 years it has been Ordnance Survey's job to collect, maintain and provide information on the ever changing landscape. Its 300 surveyors and two aircraft travel the length and breadth of the country, recording everything from housing developments and new roads to changes in countryside access on remote mountains and moorland. www.ordnancesurvey.co.uk

 

For further information please contact:

 

1Spatial Holdings plc

Nadene Sayer +44 (0)1223 420 414

 

Libertas Capital Corporate Finance Limited

Sandy Jamieson +44 (0)20 7569 9650

 

Rivington Street Corporate Finance

Jon Levinson +44 (0)20 7562 3389

 

Bishopsgate Communications

Duncan McCormick/Natalie Quinn +44 (0)20 7562 3350

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
AGRBRGDBIDBBGBB
Date   Source Headline
4th Nov 20243:17 pmRNSNotification of major holdings
22nd Oct 20244:17 pmRNSNotification of major holdings
21st Oct 20247:00 amRNSSecond major customer win for 1Streetworks
15th Oct 20248:34 amRNSDirector Share Purchase & PDMR Dealing
15th Oct 20247:00 amRNSDirector Share Purchase & PDMR Dealing
14th Oct 20247:00 amRNSInterim Results
9th Oct 20247:00 amRNSNew US customer secured
8th Oct 20247:00 amRNSAppointment of Joint Broker
30th Sep 20247:00 amRNS1Spatial Makes Two Strategic Appointments
26th Sep 20247:00 amRNSNotice of Results and Presentations
18th Sep 20247:00 amRNSMajor multi-year contract renewal
2nd Sep 20246:08 pmRNSExercise of Options and Total Voting Rights
6th Aug 20246:28 pmRNSNotification of Major Holdings
31st Jul 20247:00 amRNSExercise of Options and Total Voting Rights
29th Jul 202412:53 pmRNSNotification of major holdings
5th Jul 202412:41 pmRNSResults of Annual General Meeting
5th Jul 20247:00 amRNSAGM Statement and Trading Update
2nd Jul 20247:00 amRNSUS contract wins
1st Jul 20247:00 amRNSNominated Adviser and Broker
24th Jun 20247:00 amRNSBlock listing application
11th Jun 20247:00 amRNSPresentation at Shares/AJ Bell investor evening
11th Jun 20247:00 amRNSReport and Accounts and Notice of AGM
15th May 20248:00 amRNSCEO wins Business Leader of the Year
24th Apr 20247:00 amRNSFinal Results
9th Apr 20247:00 amRNSNotice of Results Presentations
14th Mar 20247:00 amRNSDirector Share Purchase & PDMR Dealing
13th Mar 202410:09 amRNSDirector Share Purchase & PDMR Dealing
13th Mar 20247:00 amRNSEmployee Share Awards and PDMR Dealings
12th Mar 20247:00 amRNS1Streetworks Investor Seminar
11th Mar 20247:00 amRNSTrading Update and Notice of Results
22nd Feb 20247:00 amRNSUK Power Networks selects 1Streetworks software
13th Feb 20241:31 pmRNSNotification of Major Holdings
30th Jan 20247:00 amRNSNew customer multi-year contract
10th Jan 20247:00 amRNSEnterprise contract wins
9th Jan 20243:27 pmRNSHolding(s) in Company
12th Dec 20237:00 amRNSExercise of Options and Total Voting Rights
27th Nov 20235:15 pmRNSNew digital map expected to grow economy - amended
27th Nov 20237:00 amRNSNew digital map expected to grow economy by £5bn
22nd Nov 20233:11 pmRNSExercise of Options & Total Voting Rights
25th Oct 20231:15 pmRNSHolding(s) in Company
10th Oct 20237:00 amRNSInterim Results
19th Sep 20237:00 amRNSNotice of Results & Investor Presentations
7th Jul 20233:48 pmRNSResults of Annual General Meeting
7th Jul 20237:00 amRNSAGM Statement and Trading Update
3rd Jul 20237:00 amRNSTotal Voting Rights
19th Jun 20237:00 amRNSFirst Two TMPA Contracts
25th May 20237:00 amRNSReport and Accounts and Notice of AGM
28th Apr 20237:00 amRNSDirector Share Purchase & PDMR Dealing
26th Apr 20237:00 amRNSFinal Results
11th Apr 20237:00 amRNSNotice of Analyst and Investor Presentations

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.