REG - Cordel Group PLC - Cordel Technology Certified by Network Rail

CordelAnnouncement

12/06/2023 07:00

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RNS Number : 3225C  Cordel Group PLC  12 June 2023

12 June 2023

Cordel Group PLC

("Cordel" or the "Company" or the "Group")

 

Cordel Technology Certified by Network Rail

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce that Network Rail has
granted official approval to the Cordel Wave 32 Mobile Laser Scanning system.

Cordel has achieved certification under the Network Rail "Topographic,
engineering, land and measured building surveying" standard (ref
NR/L2/TRK/3100 Issue No.5). The Cordel Wave 32 Mobile Laser Scanner has been
assessed as compliant to Band 3A, delivering accurate Survey and LiDAR
Techniques from vehicle mounted installations. Cordel has achieved absolute
geospatial accuracy of points to +-50mm Horizontal, +- 30mm Vertical; with
even tighter relative accuracy between points. Railways can use the raw
outputs of survey grade data, in addition to Cordel's key value add of an
AI-driven solution set of insights.

CEO John Davis said, "We are delighted that Network Rail has added the Cordel
Wave 32 to the approved methods of data capture for the UK railway network.
Cordel is the first company to achieve this approval for capturing data on
passenger carrying trains. Now that Cordel hardware and software are certified
by Network Rail, the international railway with the most stringent
infrastructure monitoring standards in the world, Cordel's position is
cemented as the leading supplier of point cloud rail survey data.

Crucially, the newly certified data that we collect feeds directly into our
automated pipeline, to deliver Cordel AI insights promptly and efficiently to
our railway customers. Now railways have confirmation that they can rely on
our automated capture and analysis to ramp up inspections at scale."

 

Enquiries:

 

 Cordel Group PLC                           c/o Zeus
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer
 Zeus Capital Limited Broker                +44 (0)20 3829 5000
 Simon Johnson / Alexandra Campbell-Harris

 Strand Hanson Limited Nominated Adviser

 Richard Johnson / James Bellman            +44 (0)20 7409 3494

 

 

 

 

About Cordel

Cordel produces specialist hardware and software for capturing, analysing and
reporting on large datasets within the transport sector, employing
sophisticated artificial intelligence algorithms.

Further information on the Company is available at: www.cordel.ai
(http://www.cordel.ai/)

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