Business
Contract Expansion in Mexico
Contract Expansion in Mexico.
About this update from Cordel Group Plc
[{"type":"text","content":"\n\n24 June 2024\nCordel Group PLC\n(\"Cordel\" or the \"Company\" or the \"Group\")\n \nCordel announces Contract Expansion in Mexico\n \nCordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, announces it has been selected to provide cutting-edge rail inspection insights for Tren Maya, the 1,554km intercity railway project in Mexico.\n \nThe contract, initially announced on 27 October 2023, transitions to Cordel having a direct relationship with ETD Solutions Inc, who are contracted by the operators of Tren Maya, and enhances revenue visibility across both FY24 and FY25.\n \nCordel's regular automated inspections will ensure a single source of inspection data truth to ensure the network can operate safely and sustainably, leveraging Cordel's advanced LiDAR scanning, AI-powered analytics and cloud-based visualisation tools.\n \nCordel's unique ability to provide frequent, comprehensive rail assessments will enable targeted maintenance and vegetation management, reducing ecological disruption during construction and operations. The project scope encompasses a wide selection of assessment use cases including:\n● Vegetation Detection\n● Ballast Monitoring\n● Clearance Assessments\n● Track Spacing Analysis\n \nTim Francis, VP of US/LATAM at Cordel said:\n\"We are thrilled to partner on this visionary infrastructure initiative. Our AI powered analytics will help to optimise inspection decision making, minimising environmental impact while maximising public safety across the rail network.\"\n \nJohn Davis, CEO of Cordel, added:\nOur strengthening partnership with Tren Maya and ETD will help them achieve an environmentally responsible, safe rail system. Latin America represents a significant growth opportunity for our technology and we hope to build our reputation across the region.\"\n \nEnquiries:\n \n\n\n\n\nCordel Group PLC\n\n\nc/o Zeus\n\n\n\n\nIan Buddery, Chairman\nJohn Davis, Chief Executive Officer\n\n\n\n\n\n\n\nZeus Capital Limited Broker\n\n\n+44 (0)20 3829 5000\n\n\n\n\nSimon Johnson / Alexandra Campbell-Harris\nStrand Hanson Limited Nominated Adviser\nRichard Johnson / James Bellman\n\n\n \n \n+44 (0)20 7409 3494\n \...