Cordel Group PLC Automated Gauging and Clearance SaaS Solution
November 22 2022 - 1:00AM
RNS Non-Regulatory
TIDMCRDL
Cordel Group PLC
22 November 2022
REACH
22 November 2022
Cordel Group PLC
("Cordel" or the "Company")
Cordel launches Automated Gauging and Clearance SaaS Solution
for Global Rail Operators
Optimising the use of rail networks for revenue-earning
trains
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence
platform for transport corridor analytics, is pleased to announce
the launch of Automated Intelligent Clearance (AIC), a
SaaS-delivered automated gauging and clearance solution. AIC
enables global rail operators to optimise the use of their networks
for revenue-earning trains.
Building upon its multi-year engagement with Network Rail in the
UK, and driven by demand from the world's biggest railways, Cordel
launches AIC as an enterprise framework solution that solves
clearance and gauging challenges for all types of railway networks.
Efficient delivery of intelligent clearance and gauging is key to
maximising the effective capacity of the infrastructure to run
trains of different shapes and sizes at different speeds. AIC helps
ensure that gauging and clearance data are current, accurate and
complete to optimise infrastructure utilisation while maintaining
sufficient space around moving trains.
Cordel is partnering with D/Gauge Ltd, a recognised leader in
gauging services. AIC combines D/Gauge's specialised expertise with
Cordel's rail corridor asset detection AI (artificial intelligence)
technology and extensive automated clearance datasets. Together
this provides a differentiated, effective solution enabling railway
operators to rapidly and efficiently obtain comprehensive gauging
and clearance information for all projects, plans, and routes in
their network.
The benefits of AIC include:
-- More accurate intelligent assessments that grow the effective
capacity of rail infrastructure, enabling larger and more frequent
freight and passenger trains to run, increasing rail operational
revenue
-- More agile and complete assessment of new, non-standard load
types facilitating the shift to rail from road freight, with
associated carbon emissions reduction
-- Extra current and up-to-date assessments, helping railways
take full advantage of rolling stock innovations and introduce new
trains smoothly
-- Improved targeting of infrastructure investment resources to
the tightest clearances that will show the greatest returns,
helping to optimise capex expenditure
Nick Smith, CEO of Cordel, commented: "Railways are demanding
ever more accurate clearance assessment that delivers intelligent
insight from up-to-date datasets. Cordel, and our partner D/Gauge,
are meeting that demand by combining the latest technologies with
our deep subject matter expertise to automate the continuous
assessment of clearance compatibility between the train and the
infrastructure around it to offer a best-in-class solution for our
customers.
"This enables rail network operators to make the most of their
networks in terms of speed and capacity, growing their operational
revenue. The addressable market for a solution of this kind is
large, and we are confident that AIC will prove to be successful in
the future."
See also www.cordel.ai/solutions for further details.
Notes to editors:
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:
https://cordel.ai/
Enquiries:
Cordel Group PLC c/o SEC Newgate
Ian Buddery, Chairman
Nick Smith, CEO
Arden Partners plc (Broker) `+44 (0)20 7614 5900
Ruari McGirr
Strand Hanson Limited (Nominated Advisor)
Richard Johnson / James Bellman +44 (0)20 7409 3494
SEC Newgate (Financial C ommunications +44 (0)7540 106366
) cordel@secnegwate.co.uk
Robin Tozer / George Esmond
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
Reach is a non-regulatory news service. By using this service an
issuer is confirming that the information contained within this
announcement is of a non-regulatory nature. Reach announcements are
identified with an orange label and the word "Reach" in the source
column of the News Explorer pages of London Stock Exchange's
website so that they are distinguished from the RNS UK regulatory
service. Other vendors subscribing for Reach press releases may use
a different method to distinguish Reach announcements from UK
regulatory news.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRAUARWRURUAUAA
(END) Dow Jones Newswires
November 22, 2022 02:00 ET (07:00 GMT)
Maestrano (LSE:MNO)
Historical Stock Chart
From Dec 2024 to Jan 2025
Maestrano (LSE:MNO)
Historical Stock Chart
From Jan 2024 to Jan 2025