11 June 2024
Cordel Group
PLC
("Cordel"
or the "Company" or the "Group")
Cordel AI Technology
Certified by Network Rail
Cordel Group PLC (AIM: CRDL), the
Artificial Intelligence platform for transport corridor analytics,
announces that Network Rail has provided a
Certificate of Approval for Cordel's AI-powered Gauging File
Production.
Cordel has formally achieved
certification under the Network Rail "Gauging Survey, Equipment,
Editing and Outputs" standard (ref NR/L2/TRK/3204 Module 1 Issue 1
March 2024) to produce all the infrastructure data needed for
network and vehicle clearance management and optimisation. This
complements the NR/L2/TRK/3100 Issue No. 5
certification announced by the Company on 12 June 2023.
The Network Rail certification now
covers the entire Cordel pipeline, with point cloud capture from
Cordel Mobile Laser Scanning systems flowing seamlessly through
Cordel's automated AI processing, to produce the Gauging Files that
define the shape of the infrastructure with respect to trains and
identify, classify and measure the defined attributes of all
relevant structures (from signs to tunnels), station platforms (for
stepping distances) and the intervals between adjacent tracks (for
passing clearances).
Cordel's process was proven using
one-pass data capture from the Company's LiDAR installations on
Class 165 passenger trains operating in all weathers, daylight and
darkness, in normal service at up to 90 miles per hour. The
rigorous validation process involved analysis of multiple sets of
outputs for different asset types in different circumstances.
Cordel met all the criteria for precision (exact overlay of
successive runs), accuracy (compared to the existing mix of
specialist equipment and manual measurement), and format (achieving
the exacting standard to facilitate downstream processing by
Network Rail and third party consumers).
CEO John Davis said, "Cordel is the first company to achieve this
approval for capturing and processing data from trains running at
full speed in passenger service. Network Rail has the most
stringent infrastructure monitoring standards in the world and our
position is now confirmed as the most advanced supplier of
AI-driven rail infrastructure insights."
Enquiries:
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Cordel Group PLC
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c/o Zeus
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Ian Buddery, Chairman
John Davis, Chief Executive
Officer
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Zeus Capital Limited Broker
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+44 (0)20 3829 5000
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Simon Johnson / Alexandra
Campbell-Harris
Strand Hanson Limited Nominated Adviser
Richard Johnson / James
Bellman
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+44 (0)20 7409 3494
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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
The information contained within
this announcement is deemed to constitute inside information as
stipulated under the Market Abuse Regulations (EU) No. 596/2014,
which is part of UK law by virtue of the European Union
(Withdrawal) Act 2018. Upon the publication of this announcement,
this inside information is now considered to be in the public
domain.