REG - Cordel Group PLC - Network Rail High Speed Contract Roll-Out

CordelAnnouncement

14/02/2024 07:00

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RNS Number : 0209D  Cordel Group PLC  14 February 2024

14 February 2024

Cordel Group PLC

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

 

Cordel rolls out Data-as-a-Service for Network Rail High Speed

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, announces the commencement of Data-as-a-Service
monitoring for Network Rail (High Speed) Limited ("Network Rail High Speed"),
which maintains the railway infrastructure for High Speed One ("HS1").

 

HS1 is the high-speed rail line between St Pancras International in London and
the Channel Tunnel, supporting domestic routes throughout Kent, and
international routes to Paris, Lille, Brussels, and Amsterdam.

As announced on 24 October 2023, following a successful proof of concept
contract, Cordel was awarded a Data-as-a-Service roll out contract ("DaaS
Contract") with Network Rail High Speed for HS1. The first stage of the DaaS
Contract was successfully completed utilising Cordel's established Wave 32
LiDAR and imaging hardware (previously certified by Network Rail).

Cordel has refined the equipment mounting design for permanent installation
and, further to installation approvals, has installed this equipment on trains
undertaking routine maintenance.

The Company is pleased to announce that such equipment has now commenced
everyday service, autonomously capturing HS1 route data for Network Rail High
Speed and uploading it to the Cloud for processing by Cordel's Artificial
Intelligence platform to create a digital twin for the route. Regular
automated surveys will measure the Overhead Line Height and Stagger and
other critical dimensions.

Mark Devereux, Head of Electrification and Plant at Network Rail High Speed,
said:

"On schedule, and within 4 months of contract award, Cordel has installed
on-train equipment and rolled out automated data capture. Going forward, we
anticipate that Cordel's automated inspection management service and AI
processing will give us ongoing rapid turnaround times. Cordel will deliver
the Data-as-a-Service insights we need to support our engineering management
of railway infrastructure maintenance and renewals more efficiently and
safely."

John Davis, CEO of Cordel, commented:

"We are delighted that our Data-as-a-Service is now 'business as usual' for
Network Rail High Speed. It is exciting to expand our world-leading technology
to deliver vital engineering insights tuned to HS1's requirements. Cordel has
now captured and processed data across more than 500,000 miles of
international railway lines, resulting in an unmatched depth of AI learning
and data management experience."

 

Enquiries:

 

 Cordel Group PLC                           c/o Zeus
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer
                                            +44 (0)20 3829 5000

 Zeus Capital Limited Broker
 Simon Johnson / Alexandra Campbell-Harris

 Strand Hanson Limited Nominated Adviser    +44 (0)20 7409 3494

 Richard Johnson / James Bellman

 

 

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)

 

About Network Rail High Speed

Network Rail (High Speed) is a wholly owned subsidiary of Network Rail
Infrastructure Ltd and is the contractor maintaining the railway
infrastructure of High Speed One, the UK's only high-speed line. This means it
constantly has to prove itself as a quality provider, from reliability to
value for money. Network Rail (High Speed) operates to different standards to
the rest of Network Rail, with its own safety management system and its own
track safety qualification.

Further information is available at:

https://www.networkrail.co.uk/running-the-railway/our-routes/network-rail-high-speed/
(https://www.networkrail.co.uk/running-the-railway/our-routes/network-rail-high-speed/)

 

 

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