Maestrano Group PLC Corridor name change to Cordel
18 November 2020 - 6:00PM
RNS Non-Regulatory
TIDMMNO
Maestrano Group PLC
18 November 2020
18 November 2020
Maestrano Group PLC ("Maestrano" or the "Company")
Corridor name change to Cordel
Maestrano Group PLC (AIM: MNO), the Artificial Intelligence
platform for transport corridor analytics, is pleased to announce
that it is changing the name of its Corridor subsidiaries, products
and website to Cordel.
This name change will support the continuing expansion of our
inspection automation business into international markets. The new
website for the division is www.cordel.ai
The name change was necessary to secure trademarks in the USA
and internationally and to avoid conflict with existing
trademarks.
Nick Smith, co-founder of Airsight and Vice President Sales for
Maestrano , said,
" The name Cordel ("Corridor" plus "delta") reflects our
business on two important levels. First, on a practical level, we
deliver insights to our customers about changes occurring within
their corridors. Second, our novel end-to-end approach to automated
asset inspections is fundamentally changing what's possible in the
realm of corridor inspections.
Cordel's technology enables railroad operators to inspect their
entire networks more frequently than ever before, in near
real-time, and at a lower cost. We make this possible using an
end-to-end approach, which includes: mounting modern low-cost LiDAR
and video sensors on in-service trains; employing an automated data
processing pipeline to handle massive volumes of data, and
start-of-the-art railroad-specific machine learning algorithms to
derive intelligent and actionable insights from the data. Results
are delivered to customers in a configurable web application."
Ian Buddery, Chair of Maestrano, commented:
"Cordel's global expansion is driven by increasing demands on
transport infrastructure, demanding greater focus on reducing
inspection costs and maximising revenue operations. Cordel is
revolutionising the way our rail customers manage their assets.
They are achieving deeper insights into their networks and reducing
the impact of lost time for inspections."
Enquiries:
Maestrano Group plc
Ian Buddery, Chairman c/o Arden Partners
Grant Thornton (Nominated Adviser)
Colin Aaronson / Jamie Barklem / Niall McDonald +44 (0)20 7383 5100
Arden Partners (Broker)
Ruari McGirr / Ciaran Walsh +44 (0)20 7614 5900
About Maestrano
Maestrano offers a patented cloud-based platform for master data
management and business analytics , together with 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.maestrano.com
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAEASFPFEKEFEA
(END) Dow Jones Newswires
November 18, 2020 02:00 ET (07:00 GMT)
Maestrano (LSE:MNO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Maestrano (LSE:MNO)
Historical Stock Chart
From Apr 2023 to Apr 2024