Cordel Group (CRDL)

Sector:

IT Services

Index:

FTSE AIM All-Share

 4.05p
   
  • Change Today:
      0.000p
  • 52 Week High: 6.75
  • 52 Week Low: 3.16
  • Currency: UK Pounds
  • Shares Issued: 199.49m
  • Volume: 2,163
  • Market Cap: £8.08m

Cordel completes key milestone in contract with Angel Trains

By Josh White

Date: Thursday 23 Mar 2023

LONDON (ShareCast) - (Sharecast News) - Transport-focussed artificial intelligence (AI) specialist Cordel Group announced the successful completion of a key milestone in its contract with rolling stock operator Angel Trains on Thursday.
The AIM-traded company said it had delivered the first key component of the project, a 'digital twin' of the entire Paddington-to-Didcot route, which had now been showcased to Network Rail staff.

It described the digital twin as a survey-grade light detection and ranging (LiDAR) technology, with co-located high-resolution video, aligned to Network Rail's linear reference system.

"Our contract with Angel Trains for Network Rail in the UK has enabled us to realise our vision to install our LiDAR, imagery and locations hardware onto in-service passenger trains," said Cordel's UK and Europe business development director, Rebeka Sellick.

"Building on last year's success, we installed a third complete 'Cordel Wave32' set on to an additional class 165 train at Great Western Railway's Reading servicing and maintenance depot in February this year, proving that our modular retrofit can easily be rolled out to successive passenger trains.

"Key to Cordel's approach is that the hardware is not an end in itself, but feeds our data pipeline, so we can enrich the machine learning of our AI algorithms to deliver outputs for Network Rail's engineers."

Sellick explained that with the "no-touch data capture" now delivering up to 110GB per sensor set per day, depending on the train's timetable, Cordel was tailoring its AI to deliver further insights for Network Rail, where engineers had access to the Cordel Viewer to explore the dataset of LiDAR and imagery.

"With the digital twin successfully delivered, the Cordel development team has moved on to focus on the gauging and clearance use cases."

At 1406 GMT, shares in Cordel Group were down 7.14% at 6.5p.

Reporting by Josh White for Sharecast.com.

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Cordel Group Market Data

Currency UK Pounds
Share Price 4.05p
Change Today 0.000p
% Change 0.00 %
52 Week High 6.75
52 Week Low 3.16
Volume 2,163
Shares Issued 199.49m
Market Cap £8.08m

Cordel Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
18.92% below the market average18.92% below the market average18.92% below the market average18.92% below the market average18.92% below the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Price Trend
64.36% below the market average64.36% below the market average64.36% below the market average64.36% below the market average64.36% below the market average
67.74% below the sector average67.74% below the sector average67.74% below the sector average67.74% below the sector average67.74% below the sector average
Income Not Available
Growth
40.21% above the market average40.21% above the market average40.21% above the market average40.21% above the market average40.21% above the market average
40.23% above the sector average40.23% above the sector average40.23% above the sector average40.23% above the sector average40.23% above the sector average

Cordel Group Dividends

No dividends found

Trades for 16-Apr-2024

Time Volume / Share Price
08:03 1,913 @ 3.80p
08:03 250 @ 4.30p

Cordel Group Key Personnel

Chair Ian Buddery
CFO Thouraya Walker

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