Pires Investments PLC Ambisense contracted for Lower Thames Crossing
06 Aprile 2020 - 11:50AM
RNS Non-Regulatory
TIDMPIRI
Pires Investments PLC
06 April 2020
Pires Investments plc
("Pires" or the "Company")
Ambisense contracted for Lower Thames Crossing preliminary
works
Pires notes an update in relation to Ambisense Limited
("Ambisense"), an investment held through its interest in Sure
Valley Ventures ("SVV").
On 23 March 2020, Ambisense made the following release:-
"Dublin-headquartered environmental technology specialist
Ambisense has revealed its involvement in the preliminary ground
surveys in support of Highways England's planned Lower Thames
Crossing. The nationally significant infrastructure project, worth
GBP5.3-GBP6.8 billion, encompasses a new dual-carriageway and
tunnel system linking Essex and Kent and is the biggest single road
construction project since the M25 was completed more than 30 years
ago. The LTC Cascade Joint Venture - comprising Arcadis, Cowi and
CH2M (now Jacobs) - was appointed in 2016 to support the design,
and planning phases, including developing the Environmental
Statement for the Development Consent Order process. Highways
England anticipate the Lower Thames Crossing will open to traffic
in 2027.
Stephen McNulty, CEO of Ambisense, said:
"Ambisense is delighted to get involved with such a strategic
important infrastructure project in the UK. The project is and will
be an example of how technology can be successfully woven into
incumbent industry business-models and used to support the project
team in the management and mitigation of environmental risk."
Ambisense has been contracted to facilitate the management of
environmental risk through the combined use of their environmental
analytics platform, Ambilytics, and connected hardware devices,
specifically the continuous monitoring of groundwater and ground
gasses.
Ambisense is a 20-strong environmental risk management, IoT and
data analytics specialist, which, as Environment Analyst recently
learned from its co-founder and CEO Stephen McNulty, is in the
midst of scaling up intensively - both in the UK and further afield
- through its innovative analytics applications (EA 14-Oct-19).
Staff numbers are expected to double this year as the company moves
further in 2020 from its traditional focus supporting brownfield
development to other parts of the environmental sector including
infrastructure, water, and oil & gas."
Pires has a circa 13% interest in SVV. SVV is a venture capital
fund focused on investing in the software technology sector with a
specific focus on augmented and virtual reality ("AR/VR"),
artificial intelligence ("AI") and the internet of things
("IoT").
Enquiries:
Pires Investments plc
Peter Redmond, Chairman Tel: +44 (0) 20 3368 8961
Nicholas Lee, Director
Broker
Peterhouse Capital Limited Tel: +44 (0) 20 7469 0935
Duncan Vasey/Lucy Williams Tel: +44 (0) 20 7469 0936
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
NRASSWSUMESSELL
(END) Dow Jones Newswires
April 06, 2020 05:50 ET (09:50 GMT)
Grafico Azioni Mindflair (LSE:MFAI)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Mindflair (LSE:MFAI)
Storico
Da Apr 2023 a Apr 2024