Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksCordel Group Share News (CRDL)

Share Price Information for Cordel Group (CRDL)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 4.50
Bid: 4.30
Ask: 4.70
Change: -0.05 (-1.10%)
Spread: 0.40 (9.302%)
Open: 4.55
High: 4.55
Low: 4.50
Prev. Close: 4.50
CRDL Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Cordel completes key milestone in contract with Angel Trains

Thu, 23rd Mar 2023 15:02

(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.

More News
1 Feb 2022 21:11

TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

TRADING UPDATES: Kingswood delivers record performance; Mears upbeat

Read more
22 Dec 2021 20:28

TRADING UPDATES: Camellia profit to beat forecasts; Cordel contract

TRADING UPDATES: Camellia profit to beat forecasts; Cordel contract

Read more
10 Dec 2021 15:03

TRADING UPDATES: Omega disputes repayment; BWA applies for licenses

TRADING UPDATES: Omega disputes repayment; BWA applies for licenses

Read more
19 Nov 2021 13:46

IN BRIEF: Maestrano changes name to Cordel Group PLC

IN BRIEF: Maestrano changes name to Cordel Group PLC

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.