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1Spatial Plc - 1Spatial London Pilot Win

RNS Number : 0528P
1Spatial Plc
08 October 2019
 

8 October 2019

 

1Spatial plc (AIM: SPA)

 

("1Spatial", the "Company", and together with its subsidiaries, the "Group")

 

London Pilot Win

 

1Spatial, the global spatial software and solutions company is pleased to announce it has been awarded the Greater London Authority (GLA) London Underground, Asset Register (LUAR) pilot contract following a competitive process. The GLA has been awarded funding by the Geospatial Commission for a pilot to create a digital map of the utilities and pipes underground, in order to test the feasibility of creating a national register in the future. This project is known nationally as The National Underground Asset Register (NUAR).

 

1Spatial, in collaboration with the GLA, will deliver transformed and platform ready asset register data, for the LUAR pilot. In awarding the pilot, GLA took into account 1Spatial's approach to data transformation, which is designed for agility, flexibility, scale, complexity and managing uncertainty.

 

All relevant learnings from 1Spatial's work within the LUAR pilot will be included in any future tenders for the benefit of shared learnings to help build a digital map of underground pipes and cables intended to help save lives and reduce the disruption caused when they are struck by mistake. It is estimated that the cost of accidental strikes on underground pipes and cables is £1.2 billion a year to the UK's economy.

 

Claire Milverton, CEO of 1Spatial, commented:

 

"We are delighted to have been selected for this strategically important and exciting pilot. We have an excellent track record of collaborating with organisations across the UK and globally to build, implement and support solutions that automate data flows, data integration and data quality and we look forward to leveraging these skills for GLA during the pilot."

 

 

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For further information, please contact:

1Spatial plc                                                                                         01223 420 414

Andrew Roberts / Claire Milverton / Nicole Payne  

 

N+1 Singer                                                                                           020 7496 3000 

Shaun Dobson / Lauren Kettle (Corporate Finance)

Tom Salvesen / Mia Gardner (Corporate Broking)

 

FTI Consulting LLP                                                                             020 3727 1000

Dwight Burden / Alex Le May 

 

LEI Code: 213800VG7OZYQES6PN67

 

About The Underground Mapping Project

 

A digital map of underground pipes and cables is to be created, to help save lives and reduce the disruption caused when they are struck by mistake. Read more here.

 

·      Underground Asset Register will show where electricity and phone cables, and gas and water pipes are buried

·      The map is designed to prevent both accidents and disruption to the economy

·      The project will start with £3.9 million pilot projects split between London and the North East

 

 

 

About 1Spatial

 

1Spatial is a technology-enabled solutions provider supplying vertically-focused business applications to industry sectors where the accuracy of location and geospatial data is key.  It is a global leader in managing geospatial data, with the goal to be a market leader in Location Master Data Management through its cloud based SaaS platform.

 

1Spatial provides its customers with business-focused applications where there is a reliance on location or geospatial data.  It delivers real value by using its patented 1Integrate tool to ensure that the underlying data is current, complete and consistent through the use of automated processes.  This ensures that decisions are always based on the highest quality information available.

 

Our global clients include national mapping and land management agencies, utilities, transportation organisations, government departments, emergency services, defence and census bureaus.

 

Today - as location data from smartphones, the Internet of Things and great lakes of commercial Big Data increasingly drive commercial decision-making - our technology is used by a wide range of commercial and government organisations from utilities and transport businesses, to facilities management companies.

 

1Spatial plc is AIM-listed, headquartered in Cambridge, UK, with operations in the UK, Ireland, France, Belgium, Australia and USA.

 

For more information visit www.1spatial.com  

 

 


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Market Cap: £23.27 m
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