REG - Cordel Group PLC - Transport for London – expansion to District line

CordelAnnouncement

Mon 08:15

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RNS Number : 1610A  Cordel Group PLC  13 April 2026

13 April 2026

Cordel Group PLC

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

 

Transport for London - expansion to District line

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce a new contract, building
on our established 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.
 

On 24 September 2025, Cordel announced a partnership with TfL to digitise
infrastructure monitoring for greater efficiency. Data was captured along the
Central Line via a Cordel LiDAR unit installed on a London Underground train,
automatically uploading to Cordel's Artificial Intelligence (AI) software.
Cordel delivered track and structure gauging throughout, plus ballast
profiling and vegetation volume measurement in the substantial above-ground
areas.

Cordel also took the opportunity to develop a new location capability for
their LiDAR and AI technology, going beyond previous limitations to relative
accuracy in tunnels. This innovative development delivered absolute accuracy
in TfL's long tunnels in the deep tube and can now be rolled out for
underground railway applications worldwide.

TfL's new contract with Cordel expands coverage to the District Line via a new
Cordel LiDAR installation on a London Underground engineering vehicle. One key
use case is for TfL project engineers to establish whether they can make pre-
and post-works assessments on the Cordel Connect data management platform,
without the need to go to site. Cordel will also produce Station Platform
gauging reports, for comparison with existing manual methods.

Both parties reinforce their commitment to leverage the outcomes of the
partnership to create a long-term, value-driven collaboration.

London Underground's acting Head of Track Asset Performance and Delivery, Ian
Rawlings, said, "We are excited about what Cordel has delivered so far and we
look forward establishing where technologies such as Cordel's data capture and
AI can be most effectively deployed. We are targeting key challenges in safety
and asset management, particularly in the deep tube environment, and we plan
to identify which challenges can be solved, long term."

 

Cordel CEO John Davis said, "This important partnership has enabled us to
develop an accurate in-tunnel geo-location extension to our product offering.
We are delighted to win follow-on work to deliver a new deployment and to
explore further use cases for TfL, building on what we have already
successfully delivered.  We look forward to supporting TfL as they plan the
most effective use of Cordel technologies across their rail system."

 

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 (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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