REG - Cordel Group PLC - Cordel wins first APAC rail trial

CordelAnnouncement

25/04/2024 07:00

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RNS Number : 8958L  Cordel Group PLC  25 April 2024

25 April 2024

Cordel Group PLC

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

 

Cordel wins first APAC rail trial

 

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for
transport corridor analytics, is pleased to announce an agreement with a major
national railway in the Asia Pacific region ("APAC").

 

The customer has agreed to proceed with a 12-week paid trial of Cordel's
forward facing video solution ("FFV"). In addition, Cordel is providing LiDAR
data to evaluate other use cases such as Vegetation Management and Clearance
assessments.

A Cordel Wave LiDAR sensor and camera will be installed on an in-service
locomotive to provide LiDAR data and video data. Upon
successful demonstration of the FFV solution, the customer intends to expand
the trial into a roll-out across their broader locomotive fleet with
provision for FFV on all locomotives, with a subset also installing LiDAR to
support additional use cases as required.

The Cordel FFV solution utilises forward-facing high-resolution video cameras,
GNSS (global satellite navigation system) and IMU (inertial measurement unit)
positioning to provide geo-synchronised video captures of the entire rail
network. The data is then processed by our machine learning platform to
automatically detect, classify and grade the captures into manageable and
insightful streams of information. Augmenting this data with regular LiDAR
captures enables clients to assess the condition of assets, defects and
safety incursions inside the railway corridor.

 

John Davis, CEO of Cordel, commented:

"We are delighted to welcome a new major customer, with a 4,000 kilometre rail
network which is being reinvigorated by unprecedented Government investment,
including a Digital Engineering Programme, which utilises the best digital
technology to improve network performance, safety and efficiency."

 

Enquiries:

 

 Cordel Group PLC                           c/o Zeus
 Ian Buddery, Chairman

 John Davis, Chief Executive Officer
                                            +44 (0)20 3829 5000

 Zeus Capital Limited Broker
 Simon Johnson / Alexandra Campbell-Harris

 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

 

 

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