REG - Cordel Group PLC - USA Contract Expansion

CordelAnnouncement

24/02/2025 07:00

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RNS Number : 0312Y  Cordel Group PLC  24 February 2025

24 February 2025

Cordel Group PLC

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

 

Cordel Group PLC Announces Contract Expansion with Genesee & Wyoming
Freight Railroads

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce a contract expansion with
Genesee & Wyoming Inc. (G&W), owner and lessor of more than 100 short
line and regional freight railroads in North America.

 

The original contract, announced on 10 July, 2024, has now expanded from 900
track miles to 2,000 miles and includes the addition of a second Cordel Rugged
LiDAR capture system for G&W's American Region railroads.

 

Cordel outputs will be used to generate more accurate, consistent and
regularly updated data that will help G&W to better assess clearances,
particularly those relating to the movement of high and wide loads.

The captured data will be uploaded, stored and analysed in G&W's own
instance of 'Cordel Connect', our proprietary rail data platform, which will
now be extended across the G&W enterprise. In addition, the D/Gauge RIFT
platform will also be extended to manage the processed clearance data for more
detailed high and wide movement analysis.

John Davis, CEO of Cordel, commented:

"We are delighted by the rapid expansion of our G&W relationship, which
validates the effectiveness of our services and the quality of our
deliverables.  We continue to invest in our US sales and engineering team as
part of our core growth strategy, with its twin pillars of rail corridor data
analysis and Positive Train Control."

 

Enquiries:

 

 Cordel Group PLC                            c/o  Cavendish Capital Markets Limited
 Ian Buddery, Chairman

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

 Sunila de Silva (Corporate Broking)

 Strand Hanson Limited, Nominated Advisor    +44 (0) 20 7409 3494

 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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