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

Multi Year Contract

1 Apr 2021 07:00

RNS Number : 2061U
1Spatial Plc
01 April 2021
 

1 April 2021

1Spatial plc

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

Multiyear contract with Department for Environment, Food and Rural Affairs (Defra)

A recurring managed service enabling Defra and the Rural Payments Agency to deliver its current Basic Payments scheme and be an integral part of the transition to a new Environmental Land Management Scheme as part of the UK Government's 25 year Environment Plan

1Spatial, a global leader in Location Master Data Management (LMDM) software and solutions, is delighted to announce that, following a competitive tender and in collaboration with Version 1 (a global leader in IT services and solutions), it has signed a multiyear contract with Defra to provide a managed service for Rural Payments Agency's (RPA) Customer Portal and Land Management System (LMS).

The contract will enable Defra and RPA to deliver its Basic Payment schemes and transition to their new Environmental Land Management Scheme (ELMS) as part of the UK Government's 25 year environment plan and commitment to net zero emissions by 2050.

The total potential contract value over five years for 1Spatial is in excess of ÂŁ0.9 million. The first three years being ÂŁ0.6m (ÂŁ0.2m recurring revenue per annum) and Defra has an option to extend for a further two years for ÂŁ0.3m. This contract follows a previous contract held by both 1Spatial and Version 1 providing a managed service for ongoing support and maintenance for the system.

In addition, and importantly, this new contract enables 1Spatial to engage with RPA on a time and materials basis to assist on related projects including evolving Defra's LMS and Future Farming and Environmental Land Management Scheme.

1Spatial has worked with RPA over the past five years to support and develop its Land Management System (LMS), an ecosystem of components, including 1Spatial's 1Integrate software. The LMS is RPA's key control system used as a remote sensing monitoring tool and to master the land registration data used for subsidy scheme validation and agricultural policy implementation.

ELMS aims to improve the quality of farming and the economic performance of the sector, whilst delivering environmental public good, as set out in the UK Government's 25 year plan and commitment to net zero emissions by 2050. With over ÂŁ2 billion of payments paid to farmers, land managers and food producers each year in direct aid and rural development, based on the application of geospatial information, support, maintenance and development of the LMS is critical to the future of ELMS.

Commenting on the contract award, 1Spatial CEO, Claire Milverton, said: "We are delighted to build on our work with Defra and Rural Payments Agency on their Land management System and to be an integral part in the important transition of developing their Environment Land Management Scheme in response to Defra's agricultural transition plan which is part of the UK Government's commitment to net zero emissions by 2050.

"The contract highlights the world leading geospatial capabilities of 1Spatial, enabling RPA to use 1Spatial's unique software and expertise to master their land registration data used for subsidy scheme validation and agricultural policy implementation."

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.

 

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 / Ed Phillips / Miquela Bezuidenhoudt

 

Alma PR

020 3405 0205

Caroline Forde / Justine James / Molly Gretton

1spatial@almapr.co.uk

 

1Spatial plc's LEI Number is: 213800VG7OZYQES6PN67

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
 
 
CNTUAVNRAWUOOAR
Date   Source Headline
11th Sep 20177:00 amRNSContract Win with Northern Gas Networks Ltd
15th Aug 20177:00 amRNSChange of Registered Office
4th Aug 20177:00 amRNSDirector Appointment
27th Jul 20171:19 pmRNSResult of AGM
4th Jul 20177:00 amRNSReport and Accounts and Notice of AGM
23rd May 20177:00 amRNSFinal results for the year ended 31 January 2017
18th Apr 20175:40 pmRNSHolding(s) in Company
11th Apr 20177:00 amRNSShares Acquisition and Notice of Results
27th Mar 20171:13 pmRNSHolding(s) in Company
23rd Mar 20175:50 pmRNSHolding(s) in Company
22nd Mar 20177:00 amRNSDirector Shareholdings
17th Mar 20179:13 amRNSDirector Shareholdings
15th Mar 20177:00 amRNSDirector Appointment
7th Mar 20177:00 amRNSCompany Update
31st Jan 201711:21 amRNSDirectorate Change
11th Jan 20175:46 pmRNSDirectorate Change
30th Dec 20164:43 pmRNSDirectorate Change
20th Dec 20167:00 amRNSTrading Update and Divestment
24th Nov 20165:23 pmRNSHolding(s) in Company
18th Oct 20167:00 amRNSInterim Results
11th Oct 20167:00 amRNSHERE Reseller Agreement
20th Sep 20169:40 amRNSChairman Appointment
1st Sep 20164:49 pmRNSChairman Appointment Process
30th Aug 20163:28 pmRNSHolding(s) in Company
14th Jul 20167:00 amRNSDirector Declaration
12th Jul 201611:04 amRNSDirector/PDMR Shareholding
11th Jul 201611:59 amRNSResult of AGM
11th Jul 20167:00 amRNSUS Contract Win
7th Jul 20168:00 amRNSCollector for ArcGIS Product Update
6th Jul 20167:00 amRNSChairman Appointment Process
24th Jun 20167:00 amRNSHolding(s) in Company
23rd Jun 20163:52 pmRNSIssue of Equity
15th Jun 20162:01 pmRNSHolding(s) in Company
14th Jun 20164:12 pmRNSReport and Accounts and Notice of AGM
3rd Jun 20162:03 pmRNSHolding(s) in Company
6th May 201611:15 amRNSEdison issues initiation on 1Spatial
4th May 20167:00 amRNSFinal results for the year ended 31 January 2016
6th Apr 20169:00 amRNSNotice of Results
2nd Mar 20167:00 amRNSTrading Update & additional stake in LSI
27th Jan 20167:00 amRNSContract Win with Global Healthcare Provider
11th Jan 20167:00 amRNSStrategic Partnership with HERE
21st Dec 20159:00 amRNSSales Contract Win
8th Dec 20157:00 amRNSStrategic US Contract Win
17th Nov 20155:17 pmRNSHolding(s) in Company
26th Oct 20157:05 amRNSDirectorate Change
26th Oct 20157:00 amRNSHolding(s) in Company
23rd Oct 20153:47 pmRNSHolding(s) in Company
22nd Oct 20157:00 amRNSHolding(s) in Company
20th Oct 20157:00 amRNSInterim Results
8th Oct 20157:01 amRNSNotice of Results

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.