Cordel Group PLC Automated Gauging and Clearance SaaS Solution

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Cordel Group PLC

22 November 2022

REACH

22 November 2022

Cordel Group PLC

("Cordel" or the "Company")

Cordel launches Automated Gauging and Clearance SaaS Solution for Global Rail Operators

Optimising the use of rail networks for revenue-earning trains

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce the launch of Automated Intelligent Clearance (AIC), a SaaS-delivered automated gauging and clearance solution. AIC enables global rail operators to optimise the use of their networks for revenue-earning trains.

Building upon its multi-year engagement with Network Rail in the UK, and driven by demand from the world's biggest railways, Cordel launches AIC as an enterprise framework solution that solves clearance and gauging challenges for all types of railway networks. Efficient delivery of intelligent clearance and gauging is key to maximising the effective capacity of the infrastructure to run trains of different shapes and sizes at different speeds. AIC helps ensure that gauging and clearance data are current, accurate and complete to optimise infrastructure utilisation while maintaining sufficient space around moving trains.

Cordel is partnering with D/Gauge Ltd, a recognised leader in gauging services. AIC combines D/Gauge's specialised expertise with Cordel's rail corridor asset detection AI (artificial intelligence) technology and extensive automated clearance datasets. Together this provides a differentiated, effective solution enabling railway operators to rapidly and efficiently obtain comprehensive gauging and clearance information for all projects, plans, and routes in their network.

The benefits of AIC include:

-- More accurate intelligent assessments that grow the effective capacity of rail infrastructure, enabling larger and more frequent freight and passenger trains to run, increasing rail operational revenue

-- More agile and complete assessment of new, non-standard load types facilitating the shift to rail from road freight, with associated carbon emissions reduction

-- Extra current and up-to-date assessments, helping railways take full advantage of rolling stock innovations and introduce new trains smoothly

-- Improved targeting of infrastructure investment resources to the tightest clearances that will show the greatest returns, helping to optimise capex expenditure

Nick Smith, CEO of Cordel, commented: "Railways are demanding ever more accurate clearance assessment that delivers intelligent insight from up-to-date datasets. Cordel, and our partner D/Gauge, are meeting that demand by combining the latest technologies with our deep subject matter expertise to automate the continuous assessment of clearance compatibility between the train and the infrastructure around it to offer a best-in-class solution for our customers.

"This enables rail network operators to make the most of their networks in terms of speed and capacity, growing their operational revenue. The addressable market for a solution of this kind is large, and we are confident that AIC will prove to be successful in the future."

See also www.cordel.ai/solutions for further details.

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)                  `[phone] 
  Ruari McGirr 
 Strand Hanson Limited (Nominated Advisor) 
  Richard Johnson / James Bellman             [phone] 
 SEC Newgate (Financial C ommunications       [phone] 
  )                                            [e-mail] 
  Robin Tozer / George Esmond 
 

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November 22, 2022 02:00 ET (07:00 GMT)