Contract to support UK Geospatial Commission
13 September 2021
1Spatial plc
("1Spatial", the "Group" or the "Company")
Contract win to support UK Geospatial Commission project
1Spatial wins strategic government contract supporting Atkins to deliver NUAR following competitive tender
1Spatial, (AIM: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, is delighted to announce the award of a major new multi-year contract, as a key supplier following a competitive tender process. 1Spatial will lead and deliver a significant element of the multi-year data transformation and data ingestion programme for Atkins, working on behalf of the UK Government's Geospatial Commission to deliver the National Underground Asset Register (NUAR) project.
The overall NUAR project is for a three-year period, with an initial commitment for 7 months, followed by two option periods over a further 30 months. The initial commitment is for approximately £0.5m of revenue in the initial period but it is expected that there will be further revenue of approximately £6m over the remainder of the contract related to 1Spatial technology licenses, coupled with services to develop key data transformation processes.
1Spatial will be leading the developing of the data transformation and data ingestion platform to allow many hundreds of Asset Owners to upload and automatically transform their underground asset datasets from their source representation to a target data model. The data transformation and data ingestion platform will use software components from the 1Spatial Platform, including its patented 1Integrate and 1Data Gateway software solutions.
The contract win underpins the quality of 1Spatial's world-class technology.
Claire Milverton, CEO of 1Spatial, commented, "We are delighted to win this multi-million landmark contract for 1Spatial. We have been appointed by Atkins to support this major programme and utilise 1Spatial's patented technologies to provide a platform for uploading and transforming asset data from many providers. The contract highlights our world leading geospatial capabilities and our ability to deliver on complex projects at scale."
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as amended by The Market Abuse (Amendment) (EU Exit) Regulations 2019.
For further information, please contact:
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1Spatial plc |
01223 420 414 |
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Claire Milverton / Andrew Fabian |
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Liberum (Nomad and Broker) |
020 3100 2000 |
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Neil Patel / Cameron Duncan / Ed Phillips / Miquela Bezuidenhoudt |
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Alma PR |
020 3405 0205 |
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Caroline Forde / Justine James / Molly Gretton |
1spatial@almapr.co.uk |
1Spatial plc's LEI Number is: 213800VG7OZYQES6PN67
About the National Underground Asset Register
The National Underground Asset Register (NUAR) is a new digital map which will revolutionise construction and development across the country, mapping the UK's underground pipes and cables. T he UK Government has announced the n ext phase of the project, which is now entering the Build Phase.
Over four million holes are dug in the UK each year, many in the wrong place. The economic cost of accidental utility damage is around £2.4 billion each year. Unforeseen ground conditions are a major obstacle to all construction and housing projects, especially on previously developed land. The new digital map of underground pipes and cables will help improve efficiencies in construction and development, reduce disruption and improve workers' safety.
NUAR forms part of the Government's efforts to build back better and greener, with tangible benefits, and speed up the delivery of housing and infrastructure projects from design to build. Fast access to this data will save utilities companies and local authorities time and money, and reduce the disruption caused in trying to fix leaks and put in new infrastructure.
About 1Spatial plc
1Spatial plc is a global leader in providing Location Master Data Management (LMDM) software, solutions and business applications, primarily to the Government, Utilities and Transport sectors via the 1Spatial platform. Our solutions ensure data governance, facilitating the efficient, effective and sustainable operation of customers around the world. Our global clients include national mapping and land management agencies, utility companies, transportation organisations, government and defence departments.
Today, when using and sharing trusted data provides significant opportunities for businesses and governments to deliver against important sustainability and Net Zero goals, our vision is clear - to make the world safer, smarter and more sustainable by unlocking the value in data, enabling better decisions and greater insights.
The 1Spatial platform is a comprehensive set of data and system agnostic LMDM software components which helps ensure master data is compliant, current, complete, consistent, and coordinated - and that customers can be confident it will remain that way as it evolves. It allows them to master their data on any device, anywhere, anytime and can be deployed as SaaS in the cloud, on-premise, or as a hybrid of both.
Our domain expertise and data agnostic approach allows us to be an integral and important part of the Geospatial Ecosystem, supporting the wider digital economy. We partner with major technology consultancies and GIS providers such as ESRI and bring together our people, innovative solutions, industry knowledge and experience from our extensive customer base to deliver world class solutions.
1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with operations in the UK, Ireland, USA, France, Belgium, Tunisia, and Australia.
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