REG - Cordel Group PLC - Cordel AI Technology Certified by Network Rail

CordelAnnouncement

11/06/2024 07:00

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RNS Number : 8781R  Cordel Group PLC  11 June 2024

11 June 2024

Cordel Group PLC

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

 

Cordel AI Technology Certified by Network Rail

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, announces that Network Rail has provided a
Certificate of Approval for Cordel's AI-powered Gauging File Production.

Cordel has formally achieved certification under the Network Rail "Gauging
Survey, Equipment, Editing and Outputs" standard (ref NR/L2/TRK/3204 Module 1
Issue 1 March 2024) to produce all the infrastructure data needed for network
and vehicle clearance management and optimisation. This complements the
NR/L2/TRK/3100 Issue No. 5 certification announced by the Company on 12 June
2023.

The Network Rail certification now covers the entire Cordel pipeline, with
point cloud capture from Cordel Mobile Laser Scanning systems flowing
seamlessly through Cordel's automated AI processing, to produce the Gauging
Files that define the shape of the infrastructure with respect to trains and
identify, classify and measure the defined attributes of all relevant
structures (from signs to tunnels), station platforms (for stepping distances)
and the intervals between adjacent tracks (for passing clearances).

Cordel's process was proven using one-pass data capture from the Company's
LiDAR installations on Class 165 passenger trains operating in all weathers,
daylight and darkness, in normal service at up to 90 miles per hour. The
rigorous validation process involved analysis of multiple sets of outputs for
different asset types in different circumstances. Cordel met all the criteria
for precision (exact overlay of successive runs), accuracy (compared to the
existing mix of specialist equipment and manual measurement), and format
(achieving the exacting standard to facilitate downstream processing by
Network Rail and third party consumers).

CEO John Davis said, "Cordel is the first company to achieve this approval for
capturing and processing data from trains running at full speed in passenger
service. Network Rail has the most stringent infrastructure monitoring
standards in the world and our position is now confirmed as the most advanced
supplier of AI-driven rail infrastructure insights."

 

Enquiries:

 

 Cordel Group PLC                           c/o Zeus
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer

 Zeus Capital Limited Broker                +44 (0)20 3829 5000
 Simon Johnson / Alexandra Campbell-Harris

 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
(http://www.cordel.ai/)

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse Regulations (EU) No.
596/2014, which is part of UK law by virtue of the European Union (Withdrawal)
Act 2018. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

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