REG - Cordel Group PLC - Middle East Contract Expansion

CordelAnnouncement

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RNS Number : 9643C  Cordel Group PLC  13 October 2025

13 October 2025

Cordel Group PLC

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

 

Middle East Contract Expansion

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce an expansion to our
contract working with a significant customer based in the Middle East.
Following the successful conclusion of the initial 6-month contract announced
in June 2024, Cordel has been awarded a second phase covering approximately
double the amount of track mileage capture and analysis, which is to be
delivered over the next 6 months.

 

Rail corridor data will be captured using Cordel's Rugged LiDAR hardware
including high-resolution video aligned to the customers network model with
precise locational information. Processed outputs shall be used primarily for
clearance and gauging purposes, with data made available to the customer's
stakeholders via the Cordel Connect web platform.

 

The project further extends Cordel's long-term strategic partnership with
D/Gauge, the UK's leading rail gauging services company and part of the TUV
Rheinland Group.  D/Gauge's clearance capabilities complement Cordel's rail
corridor asset detection AI technology and automated clearance datasets,
enabling railway operators to rapidly and efficiently obtain safety-critical
gauging and clearance information for all projects, plans, and routes in their
network.

 

John Davis, CEO of Cordel, commented:

"We are thrilled to continue delivering our valuable digital inspection and
clearance data to this prestigious, flagship customer in the Middle East. With
considerable investment across the region, Cordel is well-positioned to play
an important role in delivering leading edge digital inspection technologies.
Furthermore, by extending our relationship with D/Gauge, we continue to
demonstrate our value in providing the accurate, consistent and high frequency
data required in order to drive a strategic clearance and gauging programme."

 

 

Enquiries:

 

 Cordel Group PLC                            c/o Cavendish
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer

 Cavendish Capital Markets Limited, Broker   +44 (0)20 3829 5000
 Marc Milmo (Corporate Finance)

 Sunila de Silva (Corporate Broking)

 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

 

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