New Contract with Network Rail

Cordel Group PLC

13 January 2025

 

13 January 2025

Cordel Group PLC

("Cordel" or the "Company" or the "Group")

Enhancement package contract win for the Railway Gauging Data Solution

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce a new contract with Network Rail to deliver a package of enhancements to Cordel's ongoing Railway Gauging Data Solution (RGDS).

Based on the requirements from over 600 RGDS users within Network Rail and its customers and suppliers, Cordel was able to recommend an efficient approach to the urgent need to procure, curate, store and manage historical data, while building in additional functionality.

Cordel will also deliver a package of user-efficiency improvements, based on re-engineering user interfaces and processes throughout the data supply and utilization chain, and provide updates to maintain alignment with new standards.

Cordel will manage, develop and test all elements of the enhancement in a single package of work, and streamline our support to Network Rail's Users to facilitate User Acceptance Testing and appropriate user documentation.

Network Rail's Delivery Director, Route Services, Richard Edwards said, "We are committed to enabling efficient data management, integrating different suppliers' systems into a pipeline that can be relied upon to serve multiple Network Rail and 3^rd party needs. We look forward to Cordel providing these enhancements within the tight timeframe we have set."

Cordel CEO, John Davis said, "Cordel is committed to supporting the current and emerging needs of all our customers. In addition to our on-going continuous improvement of our global products, we are happy to flex our resources to create innovative and cost-effective enhancements for Network Rail and our other railway customers."

Enquiries:

Cordel Group PLC	c/o Cavendish
Ian Buddery, Chairman John Davis, Chief Executive Officer
Cavendish Capital Markets Limited, Broker	[phone]
Marc Milmo / Rory Sale (Corporate Finance) Sunila de Silva (Corporate Broking) Strand Hanson Limited, Nominated Adviser Richard Johnson / James Bellman	[phone]

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 Network Rail is available at: www.networkrail.co.uk  

 

END