REG - Cordel Group PLC - Cordel Expands and Extends Contract with ARTC

CordelAnnouncement

Tue 07:00

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RNS Number : 1937C  Cordel Group PLC  07 October 2025

7 October 2025

Cordel Group PLC

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

 

Cordel Expands and Extends Contract with ARTC

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce an extension to our
existing contract with the Australian Rail Track Corporation ("ARTC"), taking
the term of the engagement to 31 August 2026.

2025 marks the 6th year of successful partnership between ARTC and
Cordel. This collaboration, which began in 2019, represents Cordel's first
large-scale commercial deployment of our unattended infrastructure monitoring
solution, setting a new standard in rail technology implementation. The new
extension includes network wide Light Direction and Ranging ("LiDAR"), Video
and Clearance Assessments.

Over the past five years, our partnership with ARTC has achieved:

·    More than 275,000km of track scanned and analysed

·    Automated processing across ARTC's extensive 8,500km network

·    Streamlined infringement and track clearance surveys

·    Significantly enhanced safety by reducing the need for manual
inspections

At the heart of this is Cordel's Wave LiDAR system, which was permanently
installed on ARTC's diagnostic rail car.

 

Our collaboration has transformed ARTC's approach to rail inspections, leading
to:

1.    Increased efficiency in infrastructure monitoring

2.    Enhanced safety for rail workers and passengers

3.    More accurate and timely data for decision-making

4.    Reduced operational costs through automation

This partnership demonstrates the long-term value of Cordel's solutions and
our commitment to driving innovation in the rail industry.

Cordel CEO, John Davis, said:

"We're delighted with the continuing success of our partnership with ARTC,
which has validated our technology and pushed us to innovate and improve
continually. We're excited to continue this journey, driving efficiency and
safety in rail operations in Australia and globally."

 

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 Adviser   +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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