Last checked at 8 Oct 2015 07:00
08 October 2015
1Spatial plc (AIM: SPA)
("1Spatial" or the "Group")
Strategic Contract Win
The Board of directors of 1Spatial (the "Board"), the global spatial software and solutions company which manages the world's largest spatial data, is pleased to announce that it has entered into a contract with its associate Laser Scan Inc ("LSI") to provide geospatial solutions to a US Federal Government Agency. The total value of the contract is US$1 million, a significant proportion will be delivered by 1Spatial's associate LSI in the current financial year to January 2016.
This contract win reflects the stronger working relationship between 1Spatial and its associate LSI and shows progress on the Group's strategy of building relationships with key government organisations.
Marcus Hanke, CEO of 1Spatial plc, commented:
"We are delighted with this strategic contract win. It substantiates our strategic focus around the US market and the corporate transaction that we undertook with our distributor, LSI Inc. We continue to invest and align with our strategic partners and are confident of converting our growing pipeline in the US market."
For further information, please contact:
1Spatial plc | 0203 427 5004 |
Marcus Hanke / Claire Milverton | |
FTI Consulting | 020 3727 1000 |
Dwight Burden/Alex Le May/ Karen Tang | |
N+1 Singer | 020 7496 3000 |
Shaun Dobson / Lauren Kettle |
About 1Spatial
1Spatial manages the world's largest spatial big data and works with users and creators of the largest geospatial databases, helping them collect, store, manage and interpret location-specific information.
1Spatial's clients include national mapping and cadastral agencies, utility and telecommunications companies, and government departments including emergency services, defence and census bureaus.
A leader in the field, 1Spatial has over forty years' experience and a record of continual innovation and development. Today, with an ever increasing reliance on spatial and location-critical data, demand for our expertise has never been greater.
1Spatial operates globally, and has a portfolio of customers both in the Commercial and Government sector, with headquarters in Cambridge, UK and offices in France, Belgium, Ireland and Australia. To find our more, visit www.1spatial.com