1Spatial Plc First Two TMPA Contracts (0691D)
19 Juin 2023 - 8:00AM
UK Regulatory
TIDMSPA
RNS Number : 0691D
1Spatial Plc
19 June 2023
19 June 2023
1Spatial plc
("1Spatial", the "Group" or the "Company")
First Two Traffic Management Plan Automation Contracts
1Spatial, a global leader in Location Master Data Management
(LMDM) software and solutions, has secured the first two contracts
for its newly launched Traffic Management Plan Automation (TMPA)
solution under the 1Streetworks brand in the UK ("1Streetworks").
The first contract is with a major utility network operator and the
second is with a large traffic management organisation. Both
contracts are for a three-month term, with the intention to move to
annual or multi-year contracts upon successful completion of the
initial period.
Launched in November 2022, 1Streetworks automates the production
of traffic management plans, diversion routing and asset inventory
lists in the UK. Depending on complexity, current levels of
investment in plan production range from several hours to multiple
days. 1Streetworks produces a comprehensive, site-specific traffic
management plan in just a few minutes. It significantly shortens
the time, effort, and cost it takes for organisations to produce
traffic management plans that are both consistent and
compliant.
1Streetworks is an example of 1Spatial's move into offering pure
SaaS-based solutions via its newly launched cloud platform, as part
of the Company's strategy to increase its high margin, highly
scalable recurring software revenue.
With an estimated addressable market in the UK low-speed roads
alone of GBP250m and no comparable offering in the market, the
opportunity for 1Streetworks has the potential to be
transformational for 1Spatial.
Commenting on the contract awards, 1Spatial CEO, Claire
Milverton , said: "1Streetworks has the potential to revolutionise
the traffic management planning industry by providing organisations
with a cost effective, accurate and immediate solution to a process
that is currently time-consuming and labour intensive - freeing up
their people, improving productivity and reducing costs.
"Through our cloud platform, we are adding a new layer of
potential growth for the Group, targeting a niche area of the
location market where we have identified significant demand and low
levels of competition. We are excited about the future long-term
contracts this solution will bring."
For further information, please contact:
1Spatial plc 01223 420 414
Claire Milverton / Stuart Ritchie
Liberum (Nomad and Broker) 020 3100 2000
M ax Jones / Edward Mansfield / Miquela Bezuidenhoudt
Alma PR 020 3405 0205
Caroline Forde / Hannah Campbell 1spatial@almapr.co.uk
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
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END
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