Cordel Group PLC New USA Customer
10 Julho 2024 - 3:00AM
RNS Regulatory News
RNS Number : 6963V
Cordel Group PLC
10 July 2024
10 July 2024
Cordel Group
PLC
("Cordel"
or the "Company" or the "Group")
New USA
Customer
Cordel Group PLC (AIM: CRDL), the
Artificial Intelligence platform for transport corridor analytics,
is pleased to announce a new US customer contract with Genesee
& Wyoming Inc. (G&W), owner and lessor of more than 100
short line and regional freight railroads in North
America.
G&W will initially use Cordel's
automated capture, processing and analysis tool across railroads
within its Upper Midwest and Great Lakes divisions, which together
total 900 track miles, to generate more accurate, consistent and
regularly updated data that will help to better assess clearances,
particularly those relating to the movement of high and wide
loads.
This project will be utilising the new
'Cordel Rugged' automated, highly portable and agile capture
system, specifically designed to reduce engineering overhead
associated with fitting capture devices to rail inspection vehicles
and locomotives.
The captured data will be uploaded,
stored and analysed in G&W's own instance of 'Cordel Connect',
our proprietary rail data platform. The processed clearance data will then be utilised by the D/Gauge RIFT
clearance software management platform.
John Davis, CEO of Cordel, commented:
"This is another important step for
us in the US market and demonstrates the significant value that we
bring to railroads globally. We are very excited to see the impact
that our new 'Cordel Connect' platform and 'Cordel Rugged' capture
system are having in the market; delivering more efficient and
sustainable ways for railroads to use digital data to inspect and
maintain their rail corridors."
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
|
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
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