1Spatial wins contract with major US data provider

The deal, valued at $1.3m (£0.86m), was announced on Tuesday and will see the AIM-listed company supply its 1Integrate solution to a US federal agency.

The product will provide the agency with the ability to integrate, automate and combine data provided by the commercial data provider with their own proprietary data in real time.

The company said the deal shows the value in this particular product and shows progress the group's strategy to build key strategic partnerships with major vendors.

Chief executive Marcus Hanke said he is delighted with the strategic contract win.

“[We] look forward with great optimism at future revenues from this market segment and building a strong working relationship with this US commercial data provider,” he said.

“As previously stated, the US market is an investment region for us and through aligning with our partners, we are confident of converting our growing pipeline in the US market."