1Spatial clinches two US contracts

09:59 14/09/2017
StockMarketWire.com - The US Federal Highways Administration has awarded 1Spatial a significant and strategically important contract to provide its automated geospatial data validation software together with spatial consultancy services.

The contract is for an initial one year period with an option for FHWA to extend the contract for a further four years.

1Spatial said the initial one year period, covering the initial license and installation, had a contract value of $339k.

1Spatial said that should the option to extend be exercised, the total contract value would be up to $540k (including support and maintenance) with the remaining support and maintenance being spread equally over the following four option years.

1Spatial has also won a contract with National Oceanic & Atmospheric Administration (NOAA), a bureau of the US Department of Commerce, to provide commercial off the shelf (COTS) enterprise software which integrates with Esri's ArcGIS, together with 1Spatial Training, Consultancy services and ongoing support and maintenance.

1Spatial said the initial contract value was US$127k for software and services, plus ongoing $16k per year support and maintenance for four option years.

1Spatial said its solution would allow to NOAA to collate various charts and historic data from across NOAA to achieve a true electronic nautical contiguous single map, allowing one version of the truth.

At 9:59am: (LON:SPA) 1Spatial PLC share price was +0.13p at 4p

Story provided by StockMarketWire.com



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