1Spatial (LSE:SPA) has been awarded a significant five-year mandate to serve as the prime contractor for the National Underground Asset Register (NUAR) Data Transformation and Ingestion Service, working in partnership with Ordnance Survey Ltd. The £4.2 million contract represents an upgrade from the company’s prior involvement in the project and further establishes 1Spatial as a leading force in geospatial data management. NUAR aims to build a unified digital map of the UK’s underground utilities, a development expected to boost efficiency, improve safety, and reduce disruption to the public. The contract win also underscores 1Spatial’s strong competitive position and supports its ambitions for broader international growth.
1Spatial’s outlook continues to be shaped by resilient overall financial performance, although cash-flow variability remains a concern. Technical indicators currently point to bearish momentum, and valuation metrics suggest the shares are trading above fair value, weighing on sentiment.
More about 1Spatial
1Spatial is a global provider of Location Master Data Management (LMDM) software and services, supporting clients such as national mapping agencies, land authorities, utilities, transport operators, government bodies, public safety organisations, and defence departments. Its cloud-enabled, no-code solutions help automate data governance and drive operational efficiency. The company is listed on AIM and maintains operations across the UK, Ireland, the United States, France, Belgium, Tunisia, and Australia.
Leave a Reply