1Spatial secures contract for geospatial data services in Belgium

1Spatial secures contract for geospatial data services in Belgium

1Spatial has successfully secured a three-year contract with a leading distribution system operator for electricity and gas networks in Belgium. The contract, awarded after a competitive tender process, will involve supporting the utility company in developing a digital twin for its distribution network, with a focus on enhancing the quality and precision of its geospatial data. 1Spatial is a prominent global provider of location master data management (LMDM) software and solutions.

The contract is for geospatial data processing services and will see 1Spatial’s 1Integrate product used for its unique data quality control and data validation capabilities, alongside 1Spatial’s geospatial data production services. 1Spatial will assist the utility company in the production of a digital twin of its distribution network and enhance the quality and accuracy of its geospatial data. The project will enable the utility company to carry out a wide range of activities, including distribution network management, connection works and repairs, in a more efficient, cost-effective manner, ensuring the safety of its team and customers.

The total contract value to 1Spatial is €9 million, of which 1Spatial will deliver €4.1 million including €0.3 million in term software licence revenue. 1Spatial will utilize partners to deliver the balance of the work, with a total value €4.9 million, over the three-year duration of the contract.

Robust data governance

Commenting on the contract award, 1Spatial CEO, Claire Milverton, said: “This is a great competitive win for 1Spatial, further expanding our presence in Europe. Our new customer will use our unique technology and solutions to produce and improve the quality and accuracy of its geospatial data. This contract win adds to our growing ARR revenues and demonstrates the credentials of our enterprise offering and with the potential for expansion, we are excited to be working with this leading-edge operator.”

Solutions offered by companies such as 1Spatial play a vital role in establishing robust data governance, supporting the efficient and sustainable operations of diverse global clients, including national mapping agencies, utility companies, and government departments. In today's landscape, where leveraging reliable data presents opportunities for sustainability and Net Zero goals, 1Spatial is recognized for its commitment to making a meaningful impact by unlocking the value in data for informed decisions and deeper insights.

The Atomium, one of Belgium's most famous buildings, stands as a landmark of modernist architecture in the heart of Brussels.
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