REG - Cordel Group PLC - New Contract with Network Rail

CordelAnnouncement

13/01/2025 07:00

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RNS Number : 9834S  Cordel Group PLC  13 January 2025

13 January 2025

Cordel Group PLC

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

 

Enhancement package contract win for the Railway Gauging Data Solution

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce a new contract with
Network Rail to deliver a package of enhancements to Cordel's ongoing Railway
Gauging Data Solution (RGDS).

Based on the requirements from over 600 RGDS users within Network Rail and its
customers and suppliers, Cordel was able to recommend an efficient approach to
the urgent need to procure, curate, store and manage historical data, while
building in additional functionality.

Cordel will also deliver a package of user-efficiency improvements, based on
re-engineering user interfaces and processes throughout the data supply and
utilization chain, and provide updates to maintain alignment with new
standards.

Cordel will manage, develop and test all elements of the enhancement in a
single package of work, and streamline our support to Network Rail's Users to
facilitate User Acceptance Testing and appropriate user documentation.

Network Rail's Delivery Director, Route Services, Richard Edwards said, "We
are committed to enabling efficient data management, integrating different
suppliers' systems into a pipeline that can be relied upon to serve multiple
Network Rail and 3(rd) party needs. We look forward to Cordel providing these
enhancements within the tight timeframe we have set."

Cordel CEO, John Davis said, "Cordel is committed to supporting the current
and emerging needs of all our customers. In addition to our on-going
continuous improvement of our global products, we are happy to flex our
resources to create innovative and cost-effective enhancements for Network
Rail and our other railway customers."

 

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 / Rory Sale (Corporate Finance)

 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: www.networkrail.co.uk
(http://www.networkrail.co.uk/)

 

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