REG - Cordel Group PLC - New UK customer contract

CordelAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250512:nRSL9249Ha&default-theme=true

RNS Number : 9249H  Cordel Group PLC  12 May 2025

12 May 2025

Cordel Group PLC

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

 

New UK customer contract

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce a new contract with DG8
Design and Engineering Ltd ("DG8").

DG8, a part of Equans, is an established design and engineering group focused
on clients within the rail transport sector, working at all tiers of the
supply chain. DG8's creative and versatile group of designers and engineers is
experienced in delivering rail vehicle projects.

DG8 is procuring two sets of Cordel Wave 32 Rugged LiDAR and AI technology to
deploy onto two new Class 153 visual inspection units in a new integration
being created for Network Rail.

Cordel will provide autonomous data capture and upload, focusing on
hard-to-reach and higher risk locations around the network. Infrastructure
engineers will be able to access LiDAR and video via the Cordel Connect data
management platform, offline in an office environment, reducing the need for
boots-on-ballast.

Cordel will also make further automated, AI-enhanced outputs available for
Network Rail routes and regions to purchase, delivering these additional,
co-located insights through Cordel Connect. Users will be able to select from
the Cordel Data-as-a-Service product catalogue, including NR-approved
measurements for structure gauging, electrified lines height and stagger,
asset register compliances updates, cross-sectional and volumetric vegetation
encroachment and ballast profiling.

DG8 Director Mark Hoptroff said, "DG8 is partnering with Cordel to enhance the
suite of infrastructure monitoring services we provide, by integrating
Cordel's LiDAR and AI capabilities onto the Class 153s. Working
collaboratively, we will deliver transformative solutions that enhance
maintenance efficiency and create significant value for our end customer
Network Rail."

Cordel CEO John Davis said, "We are delighted to engage with DG8 in the
provision of railway infrastructure monitoring services. Cordel will build on
the Class 153 data captures to deliver AI-enriched insights for Network Rail.
The DG8 contract enables us to show the value of integrating Cordel technology
onto the Class 153s, so we can deliver joined-up datasets via the Cordel
Connect platform."

 

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 DG8 is available at: www.dg8design.com

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTUWSARVNUVRAR