REG - Cordel Group PLC - New Contract with US Class 1 Railroad

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RNS Number : 0314T  Cordel Group PLC  16 February 2026

16 February 2026

Cordel Group PLC

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

 

New PTC and Clearances Contract with US Class 1 Railroad

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce a new contract with a
U.S. Class I railroad, representing the third of seven Class 1 Railroads in
North America who have selected Cordel.

The project will be focused on validating PTC asset management capabilities
and LiDAR-based clearance assessments through real-world railroad
operations.

Cordel's alignment with railroad clearance assessment requirements, leveraging
LiDAR technology to enable consistent, data-driven clearance evaluations, will
be proven as part of a long-term digital inspection strategy.

In parallel, Cordel's PTC asset management solution will be utilised,
illustrating how LiDAR-based digital inspections can support improved
inspection efficiency, track safety and more informed, data-driven
decision-making.

As part of the project, Cordel rugged hardware, purchased by the railroad,
will be installed on a geometry testing vehicle, with commissioning planned
for the first quarter of 2026 during a scheduled maintenance window. The
initial phase includes capture of up to 3,000 miles of active rail network to
support real-world operational validation.

This will establish a clear return-on-investment framework to support the
railroad's broader PTC workflow and inform evaluation of next steps. Cordel
and the railroad have operated under a data-sharing agreement up to this
point, to support the development and evaluation of Cordel's PTC asset
management solution.  This reflects a measured, partnership-driven approach
to advancing digital inspection capabilities while aligning technology
development with operational railroad requirements.

Ian Buddery, Chairman, Cordel, said: "We are delighted to announce our third
Class 1 contract and our fourth major USA customer.  In addition this win
confirms the growing acceptance of our PTC solution, which has evolved quickly
from conception to market launch and commercial contracts. Using our
multimodal AI capabilities, we have created an advanced and cost-effective
service which meets all the requirements of our customers."

 

 

Enquiries:

 

 Cordel Group PLC                            c/o Cavendish
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer

 Cavendish Capital Markets Limited, Broker   +44 (0)20 7220 0500
 Marc Milmo

 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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