ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

SPA.GB 1Spatial Plc

69.50
-0.50 (-0.71%)
12 Jun 2024 - Closed
Realtime Data
Share Name Share Symbol Market Type Share ISIN Share Description
1Spatial Plc AQSE:SPA.GB Aquis Stock Exchange Ordinary Share GB00BFZ45C84
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.71% 69.50 68.00 74.00 71.00 69.40 70.00 3,000 16:29:55
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

1Spatial Plc New digital map expected to grow economy by GBP5bn

27/11/2023 7:00am

RNS Non-Regulatory


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)

1 Year 1Spatial Chart

1 Year 1Spatial Chart

1 Month 1Spatial Chart

1 Month 1Spatial Chart

Your Recent History

Delayed Upgrade Clock