TIDMSPA
1Spatial Plc
27 November 2023
RNS Reach
27 November 2023
1Spatial plc
("1Spatial", the "Group" or the "Company")
New digital map of underground pipes and cables expected to grow
economy by GBP5 billion
Project live across England, Wales and Northern Ireland, ahead
of full launch in 2025
A new discovery project announced to assess economic viability
of widening the access to NUAR to other areas of the economy
1Spatial, (AIM: SPA), a global leader in Location Master Data
Management (LMDM) software and solutions , is delighted to note the
UK Government's recent announcement that the National Underground
Asset Register (NUAR) is now available across England, Wales and
Northern Ireland, ahead of becoming fully operational by 2025.
NUAR is a digital map of underground pipes and cables expected
to provide GBP5 billion of economic growth to England, Wales and
Northern Ireland through increased efficiencies in construction and
development, less accidental damage to pipes and cables, and
reduced disruption to the public and businesses (from extended road
closures and congestion), as well as improved workers' safety.
1Spatial is proud to have been an integral part of this
successful project. By leveraging its industry leading platform and
expert team, data collected from a wide variety of asset owners has
now been seamlessly ingested and transformed. This data is stored
in the NUAR database which includes data from all the major energy
and water providers. Providers include Welsh Water, Cadent Gas and
UK Power Networks, several major telecommunications companies
including CityFibre and Virgin Media O2 as well as several smaller
providers and local Authorities.
NUAR is adopting the Open Geospatial Consortium Model for
Underground Data Definition and Integration (MUDDI) which will
improve data standardisation, interoperability, and quality.
Some of the positive impacts of NUAR could include:
-- Providing workers with immediate access to all the data they
need, when they need - reducing time taken from six days to 60
seconds.
-- Improving the efficiency and safety of street works, by
providing secure, instant access to comprehensive privately and
publicly owned location data about underground assets.
It has also been announced that a n ew discovery project is
being launched to explore the potential for increased economic
growth that could be realised through widening access to NUAR. This
could include supporting the rollout of electric vehicle charge
points, flood risk planning, emergency response and
conveyancing.
1Spatial CEO, Claire Milverton , said:
"1Spatial is delighted to be part of the team that are
delivering the National Underground Asset Register ( NUAR), which
demonstrates our world leading geospatial capabilities and our
ability to deliver on complex projects at scale. Our 1Spatial
platform is responsible for transforming, validating, and
maintaining the data from all contributing asset owners,
demonstrating our world leading technology and skilled team.
We are excited about the project to explore widening access to
NUAR, which could enable further economic benefit to be realised
from the asset. It could also provide an upside opportunity for our
1Streetworks solution. "
Alexandra Notay, Independent Commissioner, Geospatial
Commission, said:
"It is fantastic to see the progress being made on delivering
the core 'safe dig' use case that NUAR is intended to meet, and I
am very proud of the team at the Geospatial Commission for
delivering this collaborative project for and with a wide range of
industry stakeholders. The supportive statements from users in the
project update is a testament to the value that NUAR is already
bringing to those who manage our underground assets."
For further information, please contact:
1Spatial plc 01223 420 414
Claire Milverton / Stuart Ritchie
Liberum (Nomad and Broker) 020 3100 2000
M ax Jones / Edward Mansfield
Alma Strategic Communications 020 3405 0205
Caroline Forde / Hannah Campbell 1spatial@al mastrategic.com
About 1Spatial plc
1Spatial plc is a global leader in providing Location Master
Data Management (LMDM) software and solutions, primarily to the
Government, Utilities and Transport sectors. Our global clients
include national mapping and land management agencies, utility
companies, transportation organisations, government and defence
departments.
Today - as location data from smartphones, the Internet of
Things and great lakes of commercial Big Data increasingly drive
commercial decision-making - our technology drives efficiency and
provides organisations with confidence in the data they use.
We unlock the value of location data by bringing together our
people, innovative solutions, industry knowledge and our extensive
customer base. We are striving to make the world more sustainable,
safer and smarter for the future. We believe the answers to
achieving these goals are held in data. Our 1Spatial Location
Master Data Management (LMDM) platform incorporating our 1Integrate
rules engine delivers powerful data solutions and focused business
applications on-premise, on-mobile and in the cloud. This ensures
data is current, complete, and consistent through the use of
automated processes and always based on the highest quality
information available.
1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with
operations in the UK, Ireland, USA, France, Belgium, Tunisia and
Australia.
For more information visit www.1spatial.com
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRABFBPTMTTTBLJ
(END) Dow Jones Newswires
November 27, 2023 02:00 ET (07:00 GMT)
1Spatial (AQSE:SPA.GB)
Historical Stock Chart
From Oct 2024 to Nov 2024
1Spatial (AQSE:SPA.GB)
Historical Stock Chart
From Nov 2023 to Nov 2024
