Cordel Group PLC Cordel awarded Angel Trains contract (3286V)
09 Agosto 2022 - 1:00AM
UK Regulatory
TIDMCRDL
RNS Number : 3286V
Cordel Group PLC
09 August 2022
9 August 2022
Cordel Group PLC
("Cordel" or the "Company" or the "Group")
Cordel awarded Angel Trains contract
Five-year framework agreement to allow real-time track
monitoring, enabling more efficient management of the UK mainline
railways
Cordel Group PLC (AIM: CRDL), the artificial intelligence
platform for transport corridor analytics, announces it has been
awarded a 5-year contract with Angel Trains to install
fully-automated hardware onto in-service passenger trains,
delivering AI-powered insights for Intelligent Infrastructure.
Cordel's LiDAR and imagery capture technology will be installed
on passenger trains operated by Great Western Railways. Cordel's
automated processing will deliver prompt monitoring of Network Rail
infrastructure, minimising the need to run special measurement
trains.
Cordel technology will provide Network Rail with AI-powered
inspection automation on a high-frequency basis, delivering a
'Digital Twin' of survey-grade LiDAR with co-located
high-resolution video, aligned to the network's linear reference
system. Cordel's Machine Learning solutions will include Vegetation
Management, Ballast Profiling, Track Clearance, Overhead Line
Equipment Height & Stagger Assessments, Switch & Crossing
Advance location, Signal sighting measurements and Materials
estimation.
Angel Trains is a leading UK rolling stock leasing company which
owns more than 4000 vehicles, equating to one-third of the UK's
passenger train market. This includes the Class 165 fleet, where,
later this year, trains will begin operating with Cordel LiDAR and
imagery.
The Class 165 12-month pilot deployment is the first project of
the framework agreement and is supported by Network Rail as part of
the Mobile Infrastructure Monitoring Strategy. In what is believed
to be a UK-first, Cordel will deploy the latest generation of
Cordel Wave sensors in permanent installations on passenger trains.
By installing sensors on existing rolling stock paired with
Cordel's advanced AI-powered software, the pilot's success will
enable the future roll-out of the automated inspection of all
Network Rail infrastructure.
This passenger train installation further expands Cordel's
relationship with Network Rail in the UK. In Summer 2021, Cordel's
technology was approved by Network Rail for use in gauging
clearance across the UK rail network; in Autumn 2021, Cordel was
awarded a contract for the UK's National Gauging Database; and in
Spring 2022, Cordel's contract with Network Rail High Speed (first
awarded in August 2021) was extended in duration and scope.
Nick Smith, CEO, Cordel, said: "This is a major initiative for
Cordel, Angel Trains, and the UK rail network. By capturing data in
real-time from in-service passenger trains, we can provide Network
Rail with a far more detailed picture of the state of rail
infrastructure, moving from time-based maintenance to
condition-based maintenance. As well as being more efficient in
terms of resources, by focusing maintenance on key issues more
promptly, we can help Network Rail provide a more resilient
railway."
Malcolm Brown, CEO of Angel Trains, said: "At Angel Trains, we
invest in new technologies that will enhance the UK's railway
systems. We are excited to work with Cordel, alongside Network Rail
and Great Western Railways, to enable a more efficient management
of our railways, and improve passenger experience across the
country."
Ian Buddery, Chairman, Cordel, said: "The Board is delighted by
another major contract win in the UK in line with our growth
strategy. This is yet more validation of the quality of our
technology, and people. At Cordel, we are leading the world in
automated rail corridor inspection and believe this is the future
of the global rail asset management market."
Enquiries:
Cordel Group PLC c/o SEC Newgate
Ian Buddery, Chairman
Nick Smith, CEO
Strand Hanson Limited (Nominated Adviser)
Richard Johnson / James Bellman +44 (0)20 409 3494
Arden Partners (Broker) +44 (0)20 7614 5900
Ruari McGirr / Alexandra Cambell-Harris
SEC Newgate (Financial PR) +44(0) 7540 106366
Robin Tozer / George Esmond
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:
www.cordel.ai
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