USA Contract Expansion

Cordel Group PLC

05 August 2024

 

5 August 2024

Cordel Group PLC

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

USA Contract Expansion

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce that it has extended its relationship with Amtrak through the award of a contract to provide a comprehensive assessment of Amtrak's Metro-North corridor.

Metro-North serves the New York Metropolitan Area, running services between New York City and its northern suburbs in New York and Connecticut.  It is part of the Northeast Corridor (NEC), an electrified railroad line in the Northeast megalopolis of the United States, running from Boston in the north to Washington, D.C. in the south. 

The contract extension builds upon Cordel's ongoing work with Amtrak and aims to enhance safety and efficiency on this critical rail line. The expansion includes detailed centerline information for Metro-North rail lines, thorough assessment of structure clearances, and evaluation of passing clearances. Building on the existing successful collaboration with Amtrak, Cordel will continue to provide autonomous data capture capabilities, leveraging state-of-the-art LiDAR technology to scan and store structure data for the entire Metro-North corridor. This includes the large-scale delivery of forward-facing video and LiDAR point clouds, offering a complete digital representation of the rail environment. Cordel's advanced AI-powered analytics, accessible through an intuitive map-based web application, will process this data to provide automated calculation and reporting of clearance information.

Tim Francis, Vice President of US/LATAM at Cordel, commented: "This expansion addresses Amtrak's specific requirements for the Metro-North corridor. We're providing precise centerline data for Acela train passing clearance assessments, ensuring proper distances between parallel tracks for safe train passes, and enabling data-driven decisions on clearances for Acela trains at operational speeds. Our comprehensive approach includes detailed structure clearance evaluations for bridges, tunnels, and other infrastructure along the route."

John Davis, CEO of Cordel, commented: "We are delighted that our business relationship with Amtrak continues to grow, building on the foundations of our delivery strength and advanced technology. We continue to invest in our USA team, adding sales and engineering resources for our most important growth market, where we are confident in becoming the clear market leader for automated inspections."

Enquiries:

Cordel Group PLC	c/o Zeus
Ian Buddery, Chairman John Davis, Chief Executive Officer
Cavendish Capital Markets Limited, Broker	[phone]
Marc Milmo / George Dollemore / Rory Sale (Corporate Finance) Sunila de Silva (ECM) 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

 

END