25 April 2024
Cordel Group
PLC
("Cordel"
or the "Company" or the "Group")
Cordel wins first APAC rail trial
Cordel Group PLC (AIM: CRDL), the
Artificial Intelligence platform for transport corridor analytics,
is pleased to announce an agreement with a major national railway
in the Asia Pacific region ("APAC").
The customer has agreed to proceed
with a 12-week paid trial of Cordel's forward facing video solution
("FFV"). In addition,
Cordel is providing LiDAR data to evaluate other use cases such as
Vegetation Management and Clearance assessments.
A Cordel Wave LiDAR sensor and camera
will be installed on an in-service locomotive to provide LiDAR data
and video data. Upon successful demonstration of the FFV
solution, the customer intends to expand the trial into a roll-out
across their broader locomotive fleet with provision for FFV
on all locomotives, with a subset also installing LiDAR to
support additional use cases as required.
The Cordel FFV solution utilises
forward-facing high-resolution video cameras, GNSS (global
satellite navigation system) and IMU (inertial measurement unit)
positioning to provide geo-synchronised video captures of the
entire rail network. The data is then processed by our machine
learning platform to automatically detect, classify and grade the
captures into manageable and insightful streams of
information. Augmenting this data with regular LiDAR captures
enables clients to assess the condition of assets, defects and
safety incursions inside the railway corridor.
John Davis, CEO of Cordel, commented:
"We
are delighted to welcome a new major customer, with a
4,000 kilometre
rail network which is being reinvigorated by unprecedented
Government investment, including a Digital Engineering Programme,
which utilises the best digital technology to improve network
performance, safety and efficiency."
Enquiries:
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Cordel Group PLC
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c/o Zeus
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Ian Buddery, Chairman
John Davis, Chief Executive
Officer
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Zeus Capital Limited Broker
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+44 (0)20 3829 5000
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Simon Johnson / Alexandra
Campbell-Harris
Strand Hanson Limited Nominated Adviser
Richard Johnson / James
Bellman
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+44 (0)20 7409 3494
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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