bullish

1Spatial Plc

1Spatial - £1m 1Streetworks deal highlights the opportunity

146 Views21 Oct 2024 19:10
Issuer-paid
SUMMARY

1Spatial has announced the completion of a landmark deal for its key 1Streetworks application. Originally highlighted at the interims, the company has now revealed the client to be Surrey County Council. The deal is encouraging for two reasons. Firstly, the size of the deal (£1m over 12 months) indicates that the potential opportunity for this product is large. Secondly, the council’s plan to use the product as a collaboration tool with contractors and utility companies should help stimulate wider adoption within the industry.

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