Cordel Secures Network Rail Contract: A Boost for Transport Analytics

Cordel Group PLC, a leading provider of artificial intelligence platforms for transport corridor analytics, has announced a significant contract win with the U.K.'s Network Rail. The deal, valued at an undisclosed amount, will see Cordel's Data-as-a-Service (DaaS) solution rolled out across the High Speed One (HS1) line, supporting domestic and international routes. This contract win is set to have a positive impact on Cordel's financial projections and further strengthen its competitive position in the transport analytics sector.



The DaaS rollout contract, awarded following a successful proof of concept, involves the installation of Cordel's Wave 32 LiDAR and imaging hardware on trains undertaking routine maintenance. This equipment will autonomously capture HS1 route data and upload it to the Cloud for processing by Cordel's AI platform, creating a digital twin for the route. Regular automated surveys will measure critical dimensions such as Overhead Line Height and Stagger, enabling Network Rail High Speed to maintain the railway infrastructure more efficiently and safely.

Mark Devereux, Head of Electrification and Plant at Network Rail High Speed, expressed his confidence in Cordel's technology, stating, "On schedule, and within 4 months of contract award, Cordel has installed on-train equipment and rolled out automated data capture. Going forward, we anticipate that Cordel's automated inspection management service and AI processing will give us ongoing rapid turnaround times. Cordel will deliver the Data-as-a-Service insights we need to support our engineering management of railway infrastructure maintenance and renewals more efficiently and safely."

John Davis, CEO of Cordel, highlighted the significance of this contract win, noting, "We are delighted that our Data-as-a-Service is now 'business as usual' for Network Rail High Speed. It is exciting to expand our world-leading technology to deliver vital engineering insights tuned to HS1's requirements. Cordel has now captured and processed data across more than 500,000 miles of international railway lines, resulting in an unmatched depth of AI learning and data management experience."

This contract win with Network Rail High Speed is expected to have several long-term benefits for Cordel. Firstly, it demonstrates the versatility and adaptability of Cordel's technology, which can be applied to high-speed railway lines. This could open up new markets and opportunities for Cordel. Secondly, the partnership allows Cordel to expand its portfolio of train fleet implementations, further strengthening its competitive position in the transport analytics sector. Lastly, the contract win showcases Cordel's ability to collaborate effectively with partners to develop new hardware and software solution-sets, which is crucial for maintaining a competitive edge in the industry.

In conclusion, Cordel's contract win with the U.K.'s Network Rail is a significant milestone for the company, with the potential to have a positive impact on its financial projections and competitive position in the transport analytics sector. The partnership with Network Rail High Speed is expected to deliver long-term benefits for Cordel, including expanded market opportunities, a strengthened competitive position, and enhanced reputation and credibility in the industry. As Cordel continues to innovate and adapt its technology, it is well-positioned to capitalize on the growing demand for transport analytics solutions in the global market.