TIDMCRDL
Cordel Group PLC
31 October 2022
REACH
31 October 2022
Cordel Group PLC
("Cordel" or the "Company" or the "Group")
Angel Trains Contract Update
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence
platform for transport corridor analytics, has today issued the
following press release in relation to the first deployment of its
technology following its recent agreement with Angel Trains.
Modernising Britain's Railways: Passenger train-borne AI
infrastructure monitoring rolls into service
Britain's railway infrastructure has the potential to be
transformed, as Cordel's new AI monitoring technology is deployed
on passenger services for the first time.
The first passenger train equipped with Cordel's LiDAR and image
capture technology rolled out of Reading depot onto the Reading to
Basingstoke Line at 0528 on Friday, 28 October 2022, allowing
real-time track monitoring and more efficient management of
Britain's mainline railways.
The technology has been installed on one of Great Western
Railway's Class 165 fleet, leased by Angel Trains. It will provide
Network Rail with AI-powered inspection automation on a
high-frequency basis, delivering a 'Digital Twin' of survey-grade
LiDAR with co-located high-resolution video, aligned to the
network's linear reference system.
Once the data is captured, it will be transformed into insights
for Network Rail using Cordel's machine-learning solutions. Cordel
will provide up-to-date analysis of track clearance (especially at
bridges, tunnels, and platforms), vegetation management, ballast
profiling, overhead line equipment height & stagger
assessments, and many more applications.
Nick Smith, CEO, Cordel, said:
" Our relationship with Angel Trains and Network Rail is a major
initiative for Cordel. By capturing data in real-time from
in-service passenger trains, we can provide Network Rail with a far
more detailed picture of the state of rail infrastructure, moving
from time-based maintenance to condition-based maintenance. As well
as being more efficient in terms of resources, we can help Network
Rail provide a more resilient railway by focusing maintenance on
key issues more promptly. "
The deployment of Cordel's technology follows the announcement
of a 5-year contract with Angel Trains announced on 9 August 2022.
This agreement covered the installation of Cordel's fully automated
hardware onto in-service passenger trains, delivering AI-powered
insights for Intelligent Infrastructure.
John Murphy, GWR Head of Fleet Production, said:
" We're pleased to be able to support the introduction of this
new real-time track monitoring technology on board one of our Class
165 fleet.
"At GWR, we are committed to reviewing emerging technologies and
we look forward to working with our partners to assist in the
rollout of this software, which is designed to improve track
maintenance and in turn help us to deliver an even more robust
timetable for the benefit of our customers."
Cordel's automated processing will deliver prompt monitoring of
Network Rail infrastructure and minimise the need to run special
measurement trains, meaning frontline staff can be deployed
directly to the area where an issue has been identified without
having to physically 'walk' the track.
Martin Frobisher, Network Rail Director of Engineering and
Safety, said:
"Running a safe and reliable railway at an affordable cost is at
the core of what we do, and this exciting innovation will help do
precisely that."
Angel Trains is a leading UK rolling stock leasing company which
owns more than 4000 vehicles, equating to one-third of the UK's
passenger train market. This includes the Class 165 fleet, where
trains will begin operating with Cordel LiDAR and imagery.
Malcolm Brown, CEO of Angel Trains, said:
"At Angel Trains, we invest in new technologies that will
enhance the UK's railway systems. We are excited to work with
Cordel, alongside Network Rail and Great Western Railways, to
enable more efficient management of our railways, and improve
passenger experience across the country."
The Class 165 12-month pilot deployment is the first project
under a Cordel-Angel Trains framework agreement and is supported by
Network Rail as part of the Mobile Infrastructure Monitoring
Strategy. In what is believed to be a UK-first, Cordel will deploy
the latest generation of Cordel Wave sensors in permanent
installations on passenger trains. By installing sensors on
existing rolling stock paired with Cordel's advanced AI-powered
software, the pilot's success will enable the future roll-out of
the automated inspection of all Network Rail infrastructure.
This passenger train installation continues Cordel's
relationship with Network Rail in the UK. In Summer 2021, Cordel's
processing technology was approved by Network Rail for use in
gauging clearance across the UK rail network; in Autumn 2021,
Cordel was awarded a 6.5-year contract to redesign and deliver the
UK's National Gauging Database (creating the 'Railway Gauging Data
Solution'); and in Spring 2022, Cordel's contract with Network Rail
High Speed (first awarded in August 2021) was extended in duration
and scope.
-ENDS-
Notes to editors:
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:
https://cordel.ai/
Enquiries:
Cordel Group PLC c/o SEC Newgate
Ian Buddery, Chairman
Nick Smith, CEO
Arden Partners plc (Broker) `+44 (0)20 7614 5900
Ruari McGirr
Strand Hanson Limited (Nominated Advisor)
Richard Johnson / James Bellman +44 (0)20 7409 3494
SEC Newgate (Financial C ommunications +44 (0)7540 106366
) cordel@secnegwate.co.uk
Robin Tozer / George Esmond
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END
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