REG - Cordel Group PLC - Network Rail Project Update

CordelAnnouncement

13/11/2023 07:00

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RNS Number : 0892T  Cordel Group PLC  13 November 2023

13 November 2023

Cordel Group PLC

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

 

Network Rail Project Update

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to provide an update for the
long-term National Gauging Database  contract with Network Rail ("NR")
originally announced on 22 December 2021.

 

In 2021, Cordel won Network Rail's competitive tender to replace the legacy
National Gauging Database with a more resilient, modern system - the Railway
Gauging Data Solution ("RGDS"). After 18 months of development, and following
intensive data transfer from old to new, RGDS has been in live production
since August 2023.

 

More than 345 authorised users across NR and third-party suppliers are
benefiting from Cordel's additional post-processing that enables more
consistent positioning of lineside structures, enhanced quality assurance and
shortened feedback loops to support NR decision-makers to improve the
integrity of the national gauging dataset. Going forward, the modern IT
architecture of Cordel's RGDS unlocks potential to speed up data processing
and provide further valuable alignment, with data that can be relied on.

 

Phil Whatley, Head of Delivery (Data Management) for NR's Asset Information
Services said: "The big news is that Cordel's RGDS did not hit the headlines
for the wrong reasons: it was a smooth process, maintaining the beat rate of
4-weekly Periodic Releases of data. Basically, Cordel gave us on-time,
on-budget delivery of a major software project, which is not an everyday
occurrence."

 

John Davis, CEO of Cordel, commented:

"Railways around the world have significant time and cost barriers between the
capture of massive amounts of data (such as LiDAR point clouds) and the
delivery of precise insights to their engineering and maintenance users. For
Network Rail, the gauging and clearances challenges are particularly acute:
the railway serves 250 different types of rail vehicle requiring clearance to
tightly-constrained infrastructure. We are proud of the continuing success of
our solution, which brings us credibility with major railways globally and in
turn confidence in our growth outlook."

 

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/)

 

 

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