REG - Cordel Group PLC - Trial Contract Win for Level Crossing Assessment

CordelAnnouncement

04/09/2023 07:00

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RNS Number : 1633L  Cordel Group PLC  04 September 2023

4 September 2023

Cordel Group PLC

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

 

Cordel wins Trial Contract for Level Crossing Assessment

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce an agreement with the
National Transport Research Organisation ("NTRO") for the delivery of
technology to automate rail level crossing safety assessments in Australia.

 

Stage 1 of the Australian Level Crossing Assessment Model ("ALCAM")
optimisation project, conducted by Department of Transport and Planning
Victoria in collaboration with Australasian Centre for Rail Innovation and
Australian Road Research Board (ARRB/NTRO), sought to identify suitable
technologies for the replacement of manual inspections and test them with
industry experts. With the confirmation of feasible solutions to replace
manual inspections, Cordel is pleased to announce that it has been awarded a
contract in respect of Stage 2 of the project, aimed at demonstrating
efficient and cost-effective technology for ALCAM assessments.

 

Cordel's services will support ARRB/NTRO in conducting a comprehensive virtual
level crossing assessment, wherein the gathered data from various sources will
be utilised to evaluate safety, overall feasibility, cost-effectiveness and
other factors related to level crossings. Cordel will utilise existing ARTC
(Australian Rail Track Corporation) LiDAR (Light Direction and Ranging) and
other 3(rd) party provided data to deploy existing AI and automation services
to expedite the virtual assessment process. Furthermore, Cordel will provide
the NTRO project team access to Cordel visualisation software to facilitate
effective analysis and interpretation of the data during the assessment
process.

 

The trials are expected to run through to 28 June 2024 and, if successful,
will be followed by further stages leading to adoption across the rail
network.

 

John Davis, CEO of Cordel, commented:

"We are proud to have been selected for this important paid trial, which
builds on our long-term success with ARTC. Since 2020, we have delivered
automated scanning and AI technology for cost effective, efficient and low
risk inspections, now extending to the interface of rail and road safety.
Level crossing safety assessment is a challenge for railways worldwide and is
one of our key opportunity areas."

 

Enquiries:

 

 Cordel Group PLC                           c/o Zeus
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer
 Zeus Capital Limited Broker                +44 (0)20 3829 5000
 Simon Johnson / Alexandra Campbell-Harris

 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 (http://www.cordel.ai/)

 

About NTRO

NTRO is committed to ensuring that new knowledge is used to create world's
best practice across all modes of transport. NTRO pulls together multi-modal
transport solutions and helps the sector embrace new technologies and
materials, to tackle next generation issues across the sector. Whether it's
road, rail, airports or ports; public, private or active transport; and people
or freight, NTRO supports a better mobility future.

Further information is available at: www.ntro.org.au

 

 

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