Cordel Group PLC Trial Contract Win for Level Crossing Assessment (1633L)
2023年9月4日 - 3:00PM
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RNS Number : 1633L
Cordel Group PLC
04 September 2023
4 September 2023
Cordel Group PLC
("Cordel" or the "Company" or the "Group")
Cordel wins Trial Contract for Level Crossing Assessment
Cordel Group PLC (AIM: CRDL), the Artificial Intelligence
platform for transport corridor analytics, is pleased to announce
an agreement with the National Transport Research Organisation
("NTRO") for the delivery of technology to automate rail level
crossing safety assessments in Australia.
Stage 1 of the Australian Level Crossing Assessment Model
("ALCAM") optimisation project, conducted by Department of
Transport and Planning Victoria in collaboration with Australasian
Centre for Rail Innovation and Australian Road Research Board
(ARRB/NTRO), sought to identify suitable technologies for the
replacement of manual inspections and test them with industry
experts. With the confirmation of feasible solutions to replace
manual inspections, Cordel is pleased to announce that it has been
awarded a contract in respect of Stage 2 of the project, aimed at
demonstrating efficient and cost-effective technology for ALCAM
assessments.
Cordel's services will support ARRB/NTRO in conducting a
comprehensive virtual level crossing assessment, wherein the
gathered data from various sources will be utilised to evaluate
safety, overall feasibility, cost-effectiveness and other factors
related to level crossings. Cordel will utilise existing ARTC
(Australian Rail Track Corporation) LiDAR (Light Direction and
Ranging) and other 3(rd) party provided data to deploy existing AI
and automation services to expedite the virtual assessment process.
Furthermore, Cordel will provide the NTRO project team access to
Cordel visualisation software to facilitate effective analysis and
interpretation of the data during the assessment process.
The trials are expected to run through to 28 June 2024 and, if
successful, will be followed by further stages leading to adoption
across the rail network.
John Davis, CEO of Cordel, commented :
"We are proud to have been selected for this important paid
trial, which builds on our long-term success with ARTC. Since 2020,
we have delivered automated scanning and AI technology for cost
effective, efficient and low risk inspections, now extending to the
interface of rail and road safety. Level crossing safety assessment
is a challenge for railways worldwide and is one of our key
opportunity areas."
Enquiries:
Cordel Group PLC c/o Zeus
Ian Buddery, Chairman
John Davis, Chief Executive Officer
Zeus Capital Limited Broker +44 (0)20 3829 5000
Simon Johnson / Alexandra Campbell-Harris
Strand Hanson Limited Nominated Adviser
Richard Johnson / James Bellman +44 (0)20 7409 3494
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
About NTRO
NTRO is committed to ensuring that new knowledge is used to
create world's best practice across all modes of transport. NTRO
pulls together multi-modal transport solutions and helps the sector
embrace new technologies and materials, to tackle next generation
issues across the sector. Whether it's road, rail, airports or
ports; public, private or active transport; and people or freight,
NTRO supports a better mobility future.
Further information is available at: www.ntro.org.au
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END
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September 04, 2023 02:00 ET (06:00 GMT)
Cordel (LSE:CRDL)
過去 株価チャート
から 5 2024 まで 6 2024
Cordel (LSE:CRDL)
過去 株価チャート
から 6 2023 まで 6 2024