REG - Cordel Group PLC - USA Contract Expansion

CordelAnnouncement

05/08/2024 07:00

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RNS Number : 0556Z  Cordel Group PLC  05 August 2024

5 August 2024

Cordel Group PLC

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

 

USA Contract Expansion

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce that it has extended its
relationship with Amtrak through the award of a contract to provide a
comprehensive assessment of Amtrak's Metro-North corridor.

 

Metro-North serves the New York Metropolitan Area, running services
between New York City and its northern suburbs in New York
and Connecticut.  It is part of the Northeast Corridor (NEC), an electrified
railroad line in the Northeast megalopolis of the United States, running from
Boston in the north to Washington, D.C. in the south.

 

The contract extension builds upon Cordel's ongoing work with Amtrak and aims
to enhance safety and efficiency on this critical rail line. The expansion
includes detailed centerline information for Metro-North rail lines, thorough
assessment of structure clearances, and evaluation of passing clearances.
Building on the existing successful collaboration with Amtrak, Cordel will
continue to provide autonomous data capture capabilities, leveraging
state-of-the-art LiDAR technology to scan and store structure data for the
entire Metro-North corridor. This includes the large-scale delivery of
forward-facing video and LiDAR point clouds, offering a complete digital
representation of the rail environment. Cordel's advanced AI-powered
analytics, accessible through an intuitive map-based web application, will
process this data to provide automated calculation and reporting of clearance
information.

 

Tim Francis, Vice President of US/LATAM at Cordel, commented: "This expansion
addresses Amtrak's specific requirements for the Metro-North corridor. We're
providing precise centerline data for Acela train passing clearance
assessments, ensuring proper distances between parallel tracks for safe train
passes, and enabling data-driven decisions on clearances for Acela trains at
operational speeds. Our comprehensive approach includes detailed structure
clearance evaluations for bridges, tunnels, and other infrastructure along the
route."

 

John Davis, CEO of Cordel, commented: "We are delighted that our business
relationship with Amtrak continues to grow, building on the foundations of our
delivery strength and advanced technology. We continue to invest in our USA
team, adding sales and engineering resources for our most important growth
market, where we are confident in becoming the clear market leader for
automated inspections."

Enquiries:

 

 Cordel Group PLC                                               c/o Zeus
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer

 Cavendish Capital Markets Limited, Broker                      +44 (0)20 3829 5000
 Marc Milmo / George Dollemore / Rory Sale (Corporate Finance)

 Sunila de Silva (ECM)

                                                                +44 (0)20 7409 3494

 Strand Hanson Limited, Nominated Adviser

 Richard Johnson / James Bellman

 

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/)

 

 

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