RCS - Built Cybernetics - MapBI Update

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RNS Number : 8154Q  Built Cybernetics PLC  29 January 2026

29 January 2026

 

Built Cybernetics plc

("Built Cybernetics", the "Company", or, together with its subsidiaries, the
"Group")

 

MapBI Update

 

The Board of Built Cybernetics (AIM:BUC), the smart buildings group, is
pleased to provide an update regarding its Belfast-based smart cities software
platform MapBI Ltd ("MapBI").

 

On 12 November 2025 the Group announced the launch of MapBI, having acquired
the Active Maps proprietary graphical information software developed by 3DEO
(NI) Limited, which had been placed in liquidation. Active Maps is used to
visualise and analyse information in a 3D environment. It is sold on a
software-as-a-service (SaaS) basis, and has a range of applications for Smart
Cities, Smart Ports, and for property portfolio owners and managers looking to
understand their data at a campus-wide or portfolio-wide level.

 

We are pleased to report that less than three months since the acquisition,
all clients of 3DEO at the point it failed have entered into agreements with
MapBI. This provides Monthly Recurring Revenue of approximately £20,000,
around half of which is billed monthly, and half is billed annually in
advance. The cash costs of MapBI are in the region of £40,000 per month, some
of which will be capitalised costs developing the software further. Across the
period since acquisition, MapBI's trade debtors and cash receipts broadly
cover the cash costs of running the business.

 

Further, this week Thames Freeport has announced that MapBI has joined its
Connectivity Lab. This 10 week programme, run by innovation specialists L
Marks and Cambridge Management Consulting, had 150 companies apply, and MapBI
is one of just eight companies to be selected. The participants will deploy
their technology in live trials along the Thames Estuary, with MapBI in use at
DP World London Gateway. As part of the programme MapBI will build a digital
twin of the port's container inventory, overlaid with operational and
performance data to reveal operational insights at Britain's fastest-growing
container port.

 

MapBI has a healthy pipeline of other prospects and in addition the Active
Maps software is expected to be of interest to the Group's existing client
base, in particular developers and other owners of multiple properties.

 

Comments

 

Nick Clark, Chief Executive, commented:

 

"It's great to see MapBI successfully relaunching the Active Maps software and
signing up customers, including major UK infrastructure sites using it as a
smart ports platform and a European city authority using it to visualise data
from city-wide sensors as part of their smart city transformation. We look
forward to further developments as we continue to build recurring revenues
that can scale faster than headcount."

 

 

 Investor Enquiries                                         https://builtcybernetics.com/link/ya3N7r

                                                        (https://builtcybernetics.com/link/ya3N7r)
 We encourage all investors to share questions

 on this announcement via our investor hub
 Built Cybernetics plc                                    +44 (0)20 7843 3001

 Clive Carver, Chairman

 Nick Clark, Chief Executive
 Canaccord Genuity Limited, Nominated Adviser and broker  +44 (0)20 7523 8000

 Stuart Andrews

 Elizabeth Halley-Scott

 

About Built Cybernetics plc

Built Cybernetics is a London-quoted PropTech group delivering Smart Buildings
and related services. The Group is uniquely positioned to ensure the technical
systems that run modern premises are designed as an integral part of the
structure, from the outset. By cross-selling smart buildings services
alongside our renowned architecture projects, the Group's strategy positions
Built Cybernetics plc to build beyond one-off project fees and generate
scalable and recurring revenues for our investors.

 

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