1Spatial Secures Major NUAR Contract, Shares Surge

1Spatial plc (LON: SPA), a global leader in Location Master Data Management (LMDM) software and solutions, has been awarded a significant five-year contract to support the National Underground Asset Register (NUAR) project.

The win solidifies 1Spatial’s position as a key player in the digital transformation of critical national infrastructure. The markets reacted positively to the news, with 1Spatial shares jumping over 10%.

The contract, awarded by Ordnance Survey Ltd, positions 1Spatial as the prime contractor for the NUAR Data Transformation and Ingestion (DT&I) Service, an upgrade from their previous role in the project. The initial two-year term is valued at £4.2 million, including £1.5 million in license revenue, with an option to extend for an additional three years. This long-term commitment provides revenue visibility and strengthens the company’s financial outlook.

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The NUAR program, a Government Digital Service (GDS) initiative, aims to create a comprehensive digital map of underground pipes and cables across England, Wales, and Northern Ireland.

By consolidating data from over 600 public and private sector asset owners, NUAR is expected to generate over £400 million annually in economic growth through increased efficiency, reduced asset strikes, and fewer public disruptions. 1Spatial’s technology is central to this initiative, transforming fragmented records into a validated dataset.

This contract win is a testament to 1Spatial’s successful delivery in the development phase of NUAR and reinforces its technology leadership in the geospatial solutions space. The company’s collaborative approach has been instrumental in establishing NUAR, positioning them favorably for future opportunities in similar large-scale data integration projects. The complexity of the project also creates a high barrier to entry for competitors.

CEO Claire Milverton stated, “We are delighted to continue our collaboration with Ordnance Survey Ltd on this nationally significant project, validating the strength of our product offering…The renewal and upgrade of our role highlight our position as a trusted partner in delivering innovative geospatial solutions that create long-term value for government, industry and the public.”