REG - Cordel Group PLC - PTC Product Launch

CordelAnnouncement

Mon 07:00

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RNS Number : 6025S  Cordel Group PLC  28 July 2025

28 July 2025

Cordel Group PLC

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

 

Cordel Group PLC Announces PTC Product Launch

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce the release of its
Positive Train Control ("PTC") system, "PTC Asset Connect".

 

PTC Asset Connect uses multimodal Artificial Intelligence to automatically
detect and locate trackside assets with unprecedented automation and accuracy.
This automation eliminates the need for time-consuming manual surveys,
significantly reducing labour costs and human error in the asset inventory
processes. Railways can ensure compliance with PTC requirements and improve
overall asset management efficiency with access to a comprehensive, up-to-date
database.

A video demonstration of PTC Asset Connect can be found on the Company's
website at: www.cordel.ai/ptc-asset-connect
(http://www.cordel.ai/ptc-asset-connect)

John Davis, CEO of Cordel, commented:

"Every global rail company needs to understand where their key assets are and
how the associated asset registers change over time; PTC Asset Connect
provides the single source of truth for our customers' networks.    We are
excited by the scale of the opportunity, as the global Positive Train Control
Market size was valued at USD 1.5 Billion in 2024
(verifiedmarketresearch.com), with the maintenance component, where data
capture and processing sits, being 10-20% annually. We are now rolling out
product demonstrations and technical specifications to our major clients."

 

Ian Buddery, Chair of Cordel, commented:

"We are immensely proud of our world class software engineering team, who have
delivered this major development on time and budget, with the unique and
complex innovation of multimodal AI, an industry first.  Our ability to
respond to technical challenges and deliver large scale data processing
reliably and efficiently places us at the forefront of our industry."

 

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 (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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