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1Spatial PLC - Cambridge, England-based IT service management company - Updating on two contract wins in the US, says it secured a $1.2 million seven-year contract with the State of Arkansas for its Next Generation 911 solution. Arkansas became the eight US state to select the solution, it says. Also, the Eastern Transportation Coalition selects the firm as a vendor for conflation solutions, within its traffic data marketplace. 1Spatial secures its first contract through the marketplace with the Massachusetts Department of Transportation worth $400,000. The ETC includes potential and existing state customers, with the potential for total contracts worth $15 million over eight years.
‘These are fantastic wins for 1Spatial, demonstrating our expanding presence in the US market and offer further validation of the size of this opportunity,’ Chief Executive Officer Claire Milverton says.
Current stock price: 41.45 pence, up 6.3% on Monday
12-month change: up 14%
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