Business
Two New Contract Wins for Cordel
Two New Contract Wins for Cordel.
About this update from Cordel Group Plc
[{"type":"text","content":"\n\n13 November 2024\nCordel Group PLC\n(\"Cordel\" or the \"Company\" or the \"Group\")\n \nTwo New Contract Wins for Cordel\nCordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce two new contracts.\nFirst contract win\n \nCordel has won a contract with Australia's largest rail freight operator, Aurizon Holdings Ltd (\"Aurizon\"), to process clearances for them.\n \nAurizon manages and operates major rail infrastructure assets in Queensland, South Australia, and the Northern Territory with more than 5,100 kms of rail track under management.\n \nCordel will provide automated, AI enhanced, clearance assessments across part of Aurizon's rail network, including standard Video and LiDAR data deliverables and access to Cordel's Connect Data Management Platform. \n \nSecond contract win\n \nCordel has also been awarded a contract with one of the UK's biggest and busiest passenger train operators, Southeastern (trading name of SE Trains Limited), which has contracted Cordel to help optimise the accessibility of new trains that they are working to procure.\n \nSoutheastern serves six London terminal stations and a total of 181 stations across south-east London, Kent and parts of East Sussex. It provides over 1,700 train services per day.. To support growing demand, provide better customer facilities and improve accessibility, Southeastern are seeking a new or upgraded fleet of trains to deliver their commuter-style Metro services.\n \nWorking with the South East Alliance of Southeastern and Network Rail, Cordel will deploy its automated LiDAR capture and AI-processing services to provide up-to-date accurate measurements of Southeastern's Station Platforms to meet Network Rail's standard requirements.\n \nSoutheastern MD Steve White said, \"The number of customers travelling with Southeastern is continuing to rise year on year, with 133 million journeys last year and further growth continuing this year, too. Our work with Cordel will help us improve accessibility, as we support this growing demand and provide better customer facilities.\"\n \nCordel CEO John Davis said, \"These two contracts, both with new customers, are entry points into what we hope will evolve to network-wide delivery with Aurizon in...