Cordel Group PLC Cordel Wins Contract with Network Rail High Speed (0298R)
24 October 2023 - 5:05PM
UK Regulatory
TIDMCRDL
RNS Number : 0298R
Cordel Group PLC
24 October 2023
24 October 2023
Cordel Group PLC
("Cordel" or the "Company" or the "Group")
Cordel Wins New Contract with Network Rail High Speed
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence
platform for transport corridor analytics, announces it has been
awarded a contract for data capture and analysis with Network Rail
(High Speed) Ltd, which maintains the railway infrastructure for
High Speed One (HS1).
HS1 is the high-speed rail line between St Pancras International
in London and the Channel Tunnel, supporting domestic routes
throughout Kent, and international routes to Paris, Lille,
Brussels, and Amsterdam.
Cordel (previously Maestrano) was originally awarded a Proof of
Concept contract (announced 5 August 2021) with Network Rail High
Speed for HS1.
This new Data-as-a-Service contract will capture monthly data
runs across the HS1 line from St Pancras International to the
Channel Tunnel, creating a digital twin with automated surveys
measuring the Overhead Line Height and Stagger and other critical
dimensions.
Data will be captured autonomously from equipment permanently
installed on trains undertaking other duties, utilising the Cordel
Wave 32 LiDAR and camera hardware recently certified by Network
Rail (announced 12 June 2023). Cordel's Artificial Intelligence
platform will automatically process the data made available via our
cloud-based Inspection Management software.
Rebeka Sellick, Business Development Director of Cordel,
said:
"In the Proof of Concept, Cordel demonstrated that our
technology produces genuinely useful, accurate outputs for
high-speed railway engineers. This roll out of Cordel's automated
data capture and inspection management service should enable a step
change in the rapid and efficient collection of data. Cordel's AI
will develop this data promptly into insights to support
engineering delivery of the entire route. We are confident that we
can facilitate safe and cost-effective maintenance and renewals of
the railway infrastructure."
John Davis, CEO of Cordel, commented :
"We are delighted to continue to expand our important work with
Network Rail (High Speed), whereby our world-leading technology
delivers vital insights to meet their very high engineering
standards. Cordel has now captured and processed data across nearly
500,000 miles of international railway lines, resulting in an
unmatched depth of AI learning and data management experience."
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
The information contained within this announcement is deemed to
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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.
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
About Network Rail High Speed
Network Rail (High Speed) is a wholly owned subsidiary of
Network Rail Infrastructure Ltd and is the contractor maintaining
the railway infrastructure of High Speed One, the UK's only
high-speed line. This means it constantly has to prove itself as a
quality provider, from reliability to value for money. Network Rail
(High Speed) operates to different standards to the rest of Network
Rail, with its own safety management system and its own track
safety qualification.
Further information is available at:
https://www.networkrail.co.uk/running-the-railway/our-routes/network-rail-high-speed/
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END
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