1Spatial (GB:SPA) has released an update.
1Spatial, a global leader in Location Master Data Management, has landed a significant $1.4 million contract with the US Forest Service, marking its first foray into the Department of Agriculture. The five-year deal, which promises to deliver $0.3 million in annual recurring revenue, will enhance data management for 193 million acres of national forests and grasslands, aiding in critical areas like forest fire management and habitat preservation. The company’s integrated solution is set to streamline the USFS’s geospatial data workflows, improving efficiency, data quality, and legal compliance.
For further insights into GB:SPA stock, check out TipRanks’ Stock Analysis page.
