Cordel Group PLC New Contract (2692R)
05 Julho 2022 - 3:00AM
UK Regulatory
TIDMCRDL
RNS Number : 2692R
Cordel Group PLC
05 July 2022
5 July 2022
Cordel Group PLC
("Cordel" or the "Company" or the "Group")
New Contract Announcement
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence
platform for transport corridor analytics, announces that it has
been awarded a 12-month contract to deliver its LiDAR-based
solutions to One Rail Australia.
One Rail Ballast Analysis
Cordel has delivered to One Rail Australia a solution for
ballast profile analysis to automate processing for over 2,000kms
of freight railway. The solution consists of a LiDAR (Light
Detection and Ranging) captured Digital twin of the entire Tarcoola
to Darwin rail network, which runs through the centre of Australia.
Delivery is inclusive of high-definition video, and automated
ballast assessments. Cordel's automated analysis measures ballast
deficiency, depth and volumes, with materials estimation to
replenish deficient areas.
About One Rail Australia
One Rail is one of Australia's largest and most reliable rail
freight service providers, with 3,700km of owned and leased track,
carrying 55 million tonnes of freight annually. Specialising in
Intermodal transport, Coal Haulage Services, Bulk Haulage services
and Rail Infrastructure and Access operations, One Rail operates in
South Australia and the Northern Territory, which includes the
Tarcoola to Darwin rail line. More information is available at
www.1rail.com.au
Nick Smith, CEO of Cordel, commented:
"Following six months of detailed product development and
testing, Cordel's technology allows the acquisition and processing
of thousands of miles of railway ballast condition data completely
automatically using Cordel's proprietary Machine Learning
technology. It provides the ability for One Rail to plan their
ballast capital works and conduct remote inspections and site
assessments without deploying personnel to the remote outback of
Australia, saving costs and increasing safety."
Ian Buddery, Chairman of Cordel, commented:
"We are proud of the continuing evolution of our platform and
its expanding application to multiple areas of major railway
operations. Automation is a key theme throughout the global rail
industry and Cordel is steadily acquiring new customers due to our
proven LiDAR Sensors and Artificial Intelligence technology."
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 PR) +44 (0)7540 106366
Robin Tozer / Bob Huxford / George Esmond cordel@secnegwate.co.uk
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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END
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