The information contained within this
announcement is deemed by the Company to constitute inside
information as stipulated under the Market Abuse Regulation ("MAR")
EU no.596/2014. Upon the publication of this announcement via
Regulatory Information Service ("RIS"), this inside information is
now considered to be in the public domain.
21 October 2024
1Spatial
plc
("1Spatial", the
"Group" or the
"Company")
Second major customer win for
1Streetworks
Surrey County Council
targets significant cost and time savings through implementation of
innovative SaaS solution
Further to the notification on 14 October 2024,
1Spatial, (AIM: SPA) a global leader in Location Master Data
Management (LMDM) software and solutions, has now entered into a
12-month contract valued at £1m with Surrey County Council for its
1Streetworks SaaS solution ("Contract").
1Streetworks' cloud-based SaaS solution is the
first in the market to fully automate the production of traffic
management plans, diversion routing and asset inventory lists. It
also enables the plans and their location to be shared with other
users on the platform. The cloud-based system can also be
effortlessly incorporated into existing operational processes with
minimal disruption.
The County Council intends to use the platform
as a centralised hub to manage the execution of street works on
traffic sensitive roads, improving efficiency, speed and safety of
street works carried out. Traffic-sensitive roads are
high-volume or major public transport routes prone to significant
delays during roadworks. Using the platform to plan and
manage ongoing works will enable seamless collaboration between the
County Council and other stakeholders including utilities and Tier
1 contractors.
The platform's use by multiple organisations
should increase industry awareness amongst the 1Streetworks target
market and highlight the substantial return on investment the
solution delivers.
Commenting on the Contract award, 1Spatial CEO, Claire
Milverton, said: "We are delighted
to have secured this significant contract with Surrey County
Council. This achievement reinforces the value of our proposition,
marks a significant milestone in the growth of this critical
business segment and provides further evidence of the successful
execution of our strategy.
Adoption by a government body will significantly elevate the
profile of 1Streetworks SaaS among our target customer base and
highlight the associated benefits to industry participants.
Combined with the recent strategic additions to our 1Streetworks
team, 1Spatial is well placed to capitalise on the substantial
£400m addressable market opportunity."
For
further information, please contact:
1Spatial plc
|
01223 420 414
|
Claire Milverton / Stuart
Ritchie
|
|
Panmure Liberum (Nomad and Broker)
|
020 3100 2000
|
Max Jones / Edward Mansfield /
Anake Singh
|
|
Cavendish Capital Markets Limited (Joint
Broker)
Jonny Franklin-Adams / Edward Whiley
/ Rory Sale (Corporate Finance)
Sunila de Silva (Corporate
Broking)
|
020 7220 0500
|
Alma
Strategic Communications
|
020 3405 0205
|
Caroline Forde / Hannah Campbell /
Kinvara Verdon
|
1spatial@almastrategic.com
|
About 1Spatial plc
1Spatial plc is a global leader in
providing Location Master Data Management (LMDM) software,
solutions and business applications, primarily to the Government,
Utilities and Transport sectors via the 1Spatial platform and SaaS
offerings. Our solutions ensure data governance, facilitating the
efficient, effective and sustainable operation of customers around
the world. It allows them to master their data on any device,
anywhere, anytime and can be deployed as SaaS in the cloud,
on-premise, or as a hybrid of both. Our global clients include
national mapping and land management agencies, utility companies,
transportation organisations, government and defence
departments.
We have two SaaS offerings for which
we see considerable potential - NG9-1-1 and 1Streetworks.
1Streetworks automates the production of traffic management plans,
diversion routing and asset inventory lists in the UK, producing a
comprehensive, site-specific traffic management plan in just a few
minutes. Our Public Safety NG-9-1-1 solution combines a powerful
rules engine and data aggregator with a self-service cloud platform
to support public safety entities with their data readiness
needs.
1Spatial plc is AIM-listed,
headquartered in Cambridge, UK, with operations in the UK, Ireland,
USA, France, Belgium, Tunisia, and Australia.
www.1spatial.com