REG - Cordel Group PLC - Track Innovation Partnership with TfL

CordelAnnouncement

24/09/2025 07:00

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RNS Number : 4630A  Cordel Group PLC  24 September 2025

24 September 2025

Cordel Group PLC

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

 

Track Innovation Partnership with Transport for London

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce a track innovation
partnership with Transport for London (TfL).

TfL is a local government body responsible for most of the transport network
in London, United Kingdom. The underlying services are provided by a mixture
of wholly owned subsidiary companies, principally London Underground Limited.
 

TfL oversees initiatives and infrastructure projects and has a vision to
digitise infrastructure monitoring making it more efficient. This will enable
maintainers to focus on the key issues, meaning that the railway can be
optimised for passengers with the minimum downtime for maintenance.

Cordel is conducting an initial Proof of Concept project with TfL to
demonstrate the technical capabilities of LiDAR and AI technology, deployed on
London Underground trains.  Key aspects of the project, include capturing
point cloud data along the complete Central line route and processing it into
key TfL Use Cases through Cordel's AI platform.

Cordel will provide automated, AI-enhanced outputs to TfL, including our
proven Video and LiDAR data deliverables, together with accurate geolocation
and access to the Cordel Connect Data Management Platform.

Both parties aim to leverage the outcomes of the PoC to create a long-term,
value-driven collaboration. TfL's immediate interest is in Cordel's
infrastructure analytics for the 55% of their track miles that run above
ground, including ballast profiling and vegetation management. Longer term,
Cordel is investing in development to provide closely geo-located in-tunnel
data-streams to add to the suite of Use Cases for London Underground.

London Underground's Head of Track Asset Performance and Delivery, Paul
Bavington, said, "We are looking forward to trialing and evaluating Cordel's
data capture system and AI technology. We aim to use this system to improve
processes relating to both safety and asset management on our network, and
have designed the trial to demonstrate solutions to address selected key
challenges, including ones in the deep tube environment, where lighting is
traditionally an issue limiting such technology. Following the trial, we hope
to identify which challenges can be solved, long term."

 

Cordel CEO John Davis said, "This important partnership is the first
opportunity for Cordel to deploy our solutions for a UK mass transit operator,
using our established approach for their classic railway environment and also
to develop an in-tunnel geolocation extension to our offering. We are
confident that our automated scanning and analysis will provide a compelling
business case for TfL, and demonstrate the value of integrating Cordel
technology onto London Underground trains."

 

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 TfL is available at: https://tfl.gov.uk/
(https://tfl.gov.uk/)

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