Cordel Group (CRDL)

Sector:

IT Services

Index:

FTSE AIM All-Share

6.00p
   
  • Change Today:
    -0.20p
  • 52 Week High: 8.00
  • 52 Week Low: 3.80
  • Currency: UK Pounds
  • Shares Issued: 216.92m
  • Volume: 53,841
  • Market Cap: £13.02m
  • Beta: 0.01

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Cordel wins contract with Pennsylvania's SEPTA

By Josh White

Date: Wednesday 08 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Transport-focussed artificial intelligence analytics developer Cordel announced on Wednesday that, in partnership with Holland LP, it has been awarded a contract to deliver its lidar-based solutions to the Southeastern Pennsylvania Transportation Authority (SEPTA) in the United States.
The AIM-traded firm described SEPTA as "one of the largest transit systems" in the US, serving five counties in the Greater Philadelphia area and connecting to systems in Delaware and New Jersey.

SEPTA operates bus, rapid transit, commuter rail, light rail, and electric trolley bus services for just under four million people.

Cordel's specialist rail analytics subsidiary, Cordel Technology, announced the start of its partnership with US-based rail inspection company Holland LP on 27 September.

Its sensors "piggyback" on Holland's testing vehicles, allowing customers to benefit from the inspection data streams of both partners without requiring additional track time.

Through the new contract, Cordel said it would deliver lidar point clouds, high-definition video, and automated clearance assessments of multiple types of track to SEPTA across its network.

The lidar data would enable any stakeholder at the agency to conduct virtual site visits and make "centimetre-accurate" measurements without needing to deploy staff to the field, saving costs and increasing safety.

It said the customer planned to use the technology for clearance validation, construction layout and staging, legal scene investigations, storm drainage analysis, slope assessment, and visual condition assessments, among other things.

"After a number of trials, we are pleased to see the first commercial contract arising from our partnership with Holland LP," said chairman Ian Buddery.

"We are confident that this will provide a proof point and reference case for other potential customers, leading to further contracts in the year ahead."

At 1052 BST, shares in Cordel Group were down 1.43% at 6.9p.

Reporting by Josh White at Sharecast.com.

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Cordel Group Market Data

Currency UK Pounds
Share Price 6.00p
Change Today -0.20p
% Change -3.23 %
52 Week High 8.00
52 Week Low 3.80
Volume 53,841
Shares Issued 216.92m
Market Cap £13.02m
Beta 0.01

Cordel Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
39.14% below the market average39.14% below the market average39.14% below the market average39.14% below the market average39.14% below the market average
20.99% below the sector average20.99% below the sector average20.99% below the sector average20.99% below the sector average20.99% below the sector average
Price Trend
74.19% above the market average74.19% above the market average74.19% above the market average74.19% above the market average74.19% above the market average
78.82% above the sector average78.82% above the sector average78.82% above the sector average78.82% above the sector average78.82% above the sector average
Income Not Available
Growth
47.29% above the market average47.29% above the market average47.29% above the market average47.29% above the market average47.29% above the market average
54.43% above the sector average54.43% above the sector average54.43% above the sector average54.43% above the sector average54.43% above the sector average

Cordel Group Dividends

No dividends found

Trades for 09-Apr-2025

Time Volume / Share Price
14:01 1,600 @ 6.25p
14:01 25 @ 6.25p
14:01 16 @ 6.25p
14:01 50,000 @ 5.75p
13:10 2,200 @ 5.75p

Cordel Group Key Personnel

Chair Ian Buddery
CFO Natasha Dinneen

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