Source - LSE Non-Regulatory
RNS Number : 8077U
1Spatial Plc
27 November 2023
 

The following amendment has been made to the RNS Reach announcement released on 27 November 2023 at 7am under RNS No 6719U.

The National Underground Asset Register (NUAR) is now available across England and Wales. MVP coverage will be expanded to Northern Ireland by spring 2024.All other details remain unchanged.

The full amended text is shown below.

 

 

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 £5 billion

 

Project live across England and Wales, 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 and Wales. MVP coverage will be expanded to Northern Ireland by spring 2024 and the platform will be fully operational across the three nations by the end of 2025, ahead of becoming fully operational by 2025. 

NUAR is a digital map of underground pipes and cables expected to provide £5 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 new 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

Max Jones / Edward Mansfield


 

Alma Strategic Communications

 

020 3405 0205

Caroline Forde / Hannah Campbell

1spatial@almastrategic.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

 

 

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