REG - Cordel Group PLC - New Contract with Network Rail Infrastructure Ltd

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RNS Number : 0085B  Cordel Group PLC  20 April 2026

20 April 2026

Cordel Group PLC

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

 

Network Rail Infrastructure Ltd - Structure Gauging Service Booster

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce a new £3,000,000
contract, for Point Cloud Data Processing to deliver Structure Gauging outputs
at scale across Network Rail. The contract will run to December 2027, with an
optional extension to December 2028 worth a further £1,336,000.

Network Rail Infrastructure Limited owns, operates, maintains and develops
Britain's railway, managing 20,000 miles of track, 30,000 bridges, tunnels and
viaducts and thousands of signals, level crossings and railway stations across
England, Scotland and Wales.

On 11 June 2024, Cordel announced that formal Network Rail certification had
been achieved for all three Gauging clearance file types - for Structures,
Station Platforms and Track Intervals. Building on these approvals, this new
Point Cloud Data Processing contract will deliver a Structure Gauging Service
Booster to Network Rail at scale.

Cordel will process raw LiDAR data, collected from Cordel hardware installed
on Infrastructure Monitoring Units, into compliant gauging outputs required
under Network Rail Standard NR/L2/TRK/3204. The scope includes establishing
processing workflows, updating the National Gauging Database, configuring the
Track Intervals Module, and delivering validated SC0, SCP and SCX files to
support recovery of national gauging compliance. The procurement enables a
rapid, fully integrated data‑processing capability to address significant
backlogs, reduce operational and safety risks, and ensure accurate gauging
information is available for safe train‑infrastructure.

Cordel is equipped to manage the scale, speed and complexity of this
engagement, with the data being processed via Cordel's automated AI platform,
proven on railways around the world.

Cordel CEO John Davis said, "This significant contract builds on our long-term
investment in Network Rail Structure Gauging approvals, that began back in
2020 with an Innovate UK competition award. We are delighted to be selected to
deliver a bulk data refresh into the National Gauging Dataset, which we
already store and manage for Network Rail. This new contract is a significant
deployment of our end-to-end AI technology pipeline. We will enable Network
Rail to address their legacy backlog and to manage risks, with up-to-date,
accurate information so train-infrastructure clearances can be optimised."

 

Trading Performance update from Cordel Chairman, Ian Buddery, "With the recent
momentum in winning contracts and delivering for clients, we now expect our
revenue for the 10 months to end April, to be more than 10% ahead of the
equivalent period in FY25. Furthermore, we remain confident of delivering a
full year FY26 result in line with Board expectations."

 

Enquiries:

 

 Cordel Group PLC                            c/o Cavendish
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer

 Cavendish Capital Markets Limited, Broker   +44 (0)20 7220 0500
 Marc Milmo

 Sunila de Silva (Corporate Broking)

 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

Further information on Network Rail is available at: Who we are - Network Rail
(https://www.networkrail.co.uk/who-we-are/)

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014, which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

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