Last checked at 11 Jul 2016 07:00
11 July 2016
1Spatial plc (AIM: SPA)
("1Spatial" or the "Company")
US 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 its US Subsidiary 1Spatial Inc. has entered into a further contract to provide geospatial solutions to a US Federal Government Agency.
The total value of the contract is US$1.7 million and will commence delivery in September 2016. A large proportion of the contract is planned to be delivered in the current financial year to January 2017, with the remainder being delivered in the following year.
This win demonstrates 1Spatial's growing reputation in the US market place and shows progress on the Company's strategy of building relationships with key US government organisations.
Marcus Hanke, CEO of 1Spatial plc, commented:
"We are delighted to win further work from this important client which demonstrates success on our strategy of increasing our presence in the US market. It substantiates the corporate transaction that we undertook with our distributor, LSI Inc. and shows a clear recognition of how 1Spatial's technology can help government agencies generate value from complex datasets
This is our third significant US contract we have announced within the last nine months and this demonstrates the growing importance of this market to 1Spatial as a key driver of growth across the Company. We continue to invest and align with our strategic partners and remain 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 | |
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 the US, France, Belgium, Ireland and Australia. To find our more, visit www.1spatial.com