Open main menu
Home
Random
Donate
Recent changes
Special pages
Community portal
Preferences
About Stockhub
Disclaimers
Search
User menu
Talk
Contributions
Create account
Log in
Editing
1Spatial Plc: 2020 AGM Statement
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
{{Cover Image|[[File:1Spatial Plc 2.jpg]]}} '''28 July 2020''' 1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions , will hold its Annual General Meeting at 11.00 a.m. today. At the meeting, Andrew Roberts, Non-Executive Chairman, will make the following statement: "I would like to take this opportunity to update our shareholders on the Group's resilient performance in the first five months of our new financial year. Customer implementations and projects have largely continued as planned and we have seen a healthy level of new business secured in all geographies, with both new and existing customers, albeit some decision-making remains protracted. The Company's financial position remains robust and we retain our prudent approach to cost management during this time. As we continue the transition to a repeatable solutions provider, seeking to unlock the value in location data, the potential to scale 1Spatial through our technical innovation is clear. We continue to make progress in unlocking the value of the significant US market opportunity, securing contract expansions with Google and LA County and we have a growing pipeline of 1Data Gateway opportunities, building on the US$2.6m contract secured at the start of the year with the US State of Michigan. I am encouraged by the strategic value of some of our recent successes, securing contracts which have the potential for considerable expansion. In the UK, these include the second stage of the Greater London Authority pilot for the National Underground Asset Register and a Proof of Concept contract with the UK's Environment Agency ("EA"). We won the EA contract against 15 competing businesses, including some of the UK's largest engineering firms, highlighting the competitive strength of our powerful rules-based location data management software and the expertise of our specialist location data teams. The suspension of local elections and local authority procurement processes caused a slow-down in new business activity in France during the initial COVID-19 period, however activity has now re-commenced, and new contracts secured, including an expansion contract with a large French water company. The team has commenced the process of transitioning customers from Elyx software onto the ESRI platform and our next generation LMDM technology, and our valuable relationship with ESRI France continues to strengthen. The healthy level of customer wins and renewals is due in no small part to the strength of the customer relationships forged by our teams and their dedication in providing outstanding customer support. With our focus on growth through innovation across all our products and solutions, this is further complemented by the increasing number of opportunities derived via our strategic partners. On behalf of the Board, I would like to thank all employees for their commitment to 1Spatial and our customers in the face of the challenges presented by the COVID-19 pandemic. Outlook The sectors in which we operate, Government, Utilities and Transport, have proven resilient during the COVID-19 pandemic and demand remains strong, as companies seek to unlock the value in location data to make better business decisions. While decision-making is somewhat protracted in the current environment, the growing scale and breadth of our orderbook and pipeline, provide the Board with confidence in our ability to deliver long-term, scalable growth." [[Category:1Spatial Plc]] [[Category:Update]] [[Category:Equities]] __INDEX__
Summary:
Please note that all contributions to Stockhub may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Stockhub:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Template used on this page:
Template:Cover Image
(
edit
)