(Alliance News) - Cordel Group PLC on Tuesday launched a SaaS-delivered automated gauging and clearance solution Automated Intelligent Clearance.
Shares in the London-based transport hardware and software manufacturer were down 7.1% to 6.50 pence each in London on Tuesday around midday.
AIC enables global rail operators to optimise the use of their networks for revenue-earning trains, Cordel explained. The solution combines D/Gauge Ltd's specialised expertise in gauging services with Cordel's rail corridor asset detection artificial intelligence technology and automated clearance datasets.
Cordel said AIC provides more accurate intelligent assessments that grow the effective capacity of rail infrastructure, enabling larger and more frequent freight and passenger trains to run.
The launch builds upon Cordel's multi-year agreement with Network Rail in the UK, it added.
Chief Executive Nick Smith said: "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."
By Sophie Rose; sophierose@alliancenews.com
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Cordel Group (CRDL)