20 January 2025
Cordel Group
PLC
("Cordel"
or the "Company" or the "Group")
Partnership with VRSD, a
subsidiary of Vossloh AG
Cordel Group PLC (AIM: CRDL), the
Artificial Intelligence platform for transport corridor
analytics, is pleased to announce a new
partnership with VRSD, a subsidiary of
Vossloh AG.
VRSD is engaged in railway related
services, with expertise in rail infrastructure and rail technology
markets. It provides various types of rail services and has at its
disposal technical capabilities and expertise relating to
stationary and mobile machines as well as personnel for railway
services.
In order to assess the technical
capabilities of Cordel LiDAR and AI technology deployed on VRSD
grinding machines, Vossloh AG and Cordel are conducting an initial
Proof of Concept ("PoC") project. Key aspects of the project,
beyond establishing technical feasibility, include a joint market
strategy, extended fleet integration, data insights, data-based
consulting for end customers and profit-sharing, all aimed at
maximizing value for both parties.
Cordel will provide automated,
AI-enhanced outputs to Vossloh, including our proven Video and
LiDAR data deliverables, together with accurate geolocation and
access to the Cordel Connect Data Management
Platform.
Both parties aim to leverage the
outcomes of the PoC to create a long-term, value-driven
collaboration for our railway infrastructure customers.
Vossloh Head of Digitalization
Pierre-Henri Bougeant said, "This partnership represents an
exciting step forward in combining Vossloh's market position in the
rail infrastructure and with Cordel's LiDAR and AI capabilities.
Through this Proof of Concept, we aim to deliver transformative
solutions that enhance operational efficiency, optimize rail
maintenance, and create significant value for our
customers."
Cordel CEO John Davis said,
"This important partnership represents Cordel's
first entry into the continental European railway infrastructure
market. The insights we generate from our LiDAR and AI during the
PoC will be shared with Vossloh's customers. We are confident that
our automated scanning and analysis will provide a compelling
business case for Vossloh and their customers, demonstrating the
value of integrating Cordel technology onto Vossloh's grinding
machines."
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 Vossloh AG is
available at: www.vossloh.com
