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CRDL Cordel Group Plc

7.125
0.00 (0.00%)
Last Updated: 08:00:23
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cordel Group Plc LSE:CRDL London Ordinary Share GB00BYZQM590 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 7.125 6.75 7.50 7.125 6.875 7.125 19,917 08:00:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Related Svcs, Nec 4.98M -1.3M -0.0060 -11.87 15.31M

Cordel Group PLC New contract win Angel Trains

08/01/2025 7:00am

RNS Regulatory News


RNS Number : 4872S
Cordel Group PLC
08 January 2025
 

8 January 2025

Cordel Group PLC

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

 

New contract win Angel Trains

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce another contract win through our partnership with Angel Trains Ltd.

Cordel's Locate system will be used to accurately pinpoint track geometry data gathered from High Speed Class 390 tilting trains, traveling at up to 125mph in passenger service, on Network Rail's West Coast Main Line.

The project will provide a more cost-effective and frequent alternative to the current dedicated infrastructure monitoring trains, which are supplemented by boots-on-ballast inspections. Cordel will deliver accurately located network information to infrastructure engineers, to enable track maintenance to be optimised.

Angel Trains' Product Manager Infrastructure Monitoring, Brian Reynolds said, "Effective engineering hardware and software collaboration with Cordel and the team should deliver cohesive and streamlined solutions. Network Rail will be able to deliver increased availability for operators and more reliable services for passengers using Cordel's infrastructure inspection process."

Cordel CEO, John Davis said, "By capturing track geometry data from in-service trains, Cordel  will deliver rapid, refined and relevant feedback on the quality of the track. Cordel and our partners continuously work together to develop new hardware and software solution-sets and this project further expands our portfolio of train fleet implementations."

 

Enquiries:

 

Cordel Group PLC

c/o Cavendish

Ian Buddery, Chairman

John Davis, Chief Executive Officer


 

Cavendish Capital Markets Limited, Broker

 

+44 (0)20 7220 0500

Marc Milmo / Rory Sale (Corporate Finance)

Sunila de Silva (Corporate Broking)

 

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

Further information on Angel Trains is available at: www.angeltrains.co.uk   

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