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Share Price: 4.55

Bid: 4.30

Ask: 4.80

Change: 0.00 (0.00%)

Spread: 0.50 (11.628%)

Open: 4.55

High: 4.55

Low: 4.55

Prev. Close: 4.55

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Cordel rises on deal with national railway in APAC region

Thu, 25th Apr 2024 14:23

(Alliance News) - Cordel Group PLC shares jumped on Thursday, after it said it has won a contract with "a major national railway in the Asia Pacific region."

Cordel is a London-based company, whose flagship platform uses artificial intelligence to supply transport corridor analytics.

Its shares were up 28% to 4.88 pence each in London on Thursday afternoon.

Cordel said the customer has agreed to proceed with a 12-week paid trial of Cordel's forward facing video solution. In addition, Cordel is providing LiDAR data to evaluate other use cases such as Vegetation Management and Clearance assessments, it added.

Chief Executive John Davis said: "We are delighted to welcome a new major customer, with a 4,000 kilometre rail network which is being reinvigorated by unprecedented government investment, including a digital engineering programme, which utilises the best digital technology to improve network performance, safety and efficiency."

By Sophie Rose, Alliance News senior reporter

Comments and questions to newsroom@alliancenews.com

More News

31 Mar 2023 15:02

IN BRIEF: Cordel raises GBP1.7 million to support Amtrak contract

Cordel Group PLC - London-based artificial Intelligence platform for transport corridor analytics - Raises GBP1.7 million from placing of 28.6 million shares at 6 pence each. The new shares represent 14% of Cordel's enlarged share capital. "We're delighted with the overwhelming support from UK investors for our USA expansion strategy, as we build on the success of our Amtrak contract," says Chair Ian Buddery. Earlier this month, Cordel said it was awarded a USD6.7 million contract by US intercity passenger rail service provider Amtrak to supply a software suite for survey and clearance management.

30 Mar 2023 19:20

TRADING UPDATES: Centamin targets reduction in greenhouse gases

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

23 Mar 2023 15:02

Cordel completes key milestone in contract with Angel Trains

(Sharecast News) - Transport-focussed artificial intelligence (AI) specialist Cordel Group announced the successful completion of a key milestone in its contract with rolling stock operator Angel Trains on Thursday.

23 Mar 2023 10:11

Cordel hails contract milestone with Angel Trains on first deliverable

(Alliance News) - Cordel Group PLC on Thursday celebrated a "key contract milestone" with Angel Trains Ltd, after completing its first deliverable.

15 Mar 2023 11:45

Cordel jumps on USD6.7 million software supply contract in the US

(Alliance News) - Cordel Group PLC on Wednesday announced it has been awarded a contract by Amtrak to supply a fully-automated software suite for survey and clearance management.

15 Mar 2023 10:58

AIM WINNERS & LOSERS: M&A prospects lift Purplebricks and Reabold

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

15 Mar 2023 08:45

LONDON MARKET OPEN: Stocks fall but pound steady ahead of UK budget

(Alliance News) - Stock prices in London opened lower on Wednesday, returning some of Tuesday's stellar gains, ahead of the UK government budget announcement at midday.

3 Mar 2023 10:16

IN BRIEF: Cordel CFO Lojszczyk retires; Thouraya Walker replaces

Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Says Chief Financial Officer Robert Lojszczyk has notified the board of his retirement. Lojszczyk will step down from the board on April 30.

1 Mar 2023 11:51

IN BRIEF: Cordel CEO resigns to become regional vice president

Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Chief Executive Officer Nick Smith resigns to take up new position as vice president for Europe & Middle East, effective Wednesday. Hires Non-Executive Director John Davis as interim CEO.

23 Feb 2023 18:37

TRADING UPDATES: Anglo Asian eyes "pivotal" 2023, Cordel signs deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

3 Feb 2023 21:15

TRADING UPDATES: Aura Energy finishes drilling; Cordel revenue up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

26 Jan 2023 08:53

IN BRIEF: Cordel corrects previously reported interim loss

Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - On Thursday, corrects loss reported in trading statement for the six months that ended December 31 that was issued on January 19 . Loss before interest, tax, depreciation and amortisation narrows by 38% to GBP789,000 from GBP1.3 million and compared to previously reported GBP721,000. Revenue in the six months to December 31 jumps 50% to GBP945,000 from GBP629,000 a year prior. The revenue figure isn't revised on Thursday. Expects a satisfactory cash position for financial year 2023, which ends on June 30. Chair Ian Buddery says: "We are pleased by the market's recognition of our technology advantages and confident we will add new contracts as 2023 progresses." Cordel aims to release its full half-year report in early February.

19 Jan 2023 15:00

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Cordel Group Share News (CRDL)

Share Price Information for Cordel Group (CRDL)

Cordel rises on deal with national railway in APAC region

IN BRIEF: Cordel raises GBP1.7 million to support Amtrak contract

TRADING UPDATES: Centamin targets reduction in greenhouse gases

Cordel completes key milestone in contract with Angel Trains

Cordel hails contract milestone with Angel Trains on first deliverable

Cordel jumps on USD6.7 million software supply contract in the US

AIM WINNERS & LOSERS: M&A prospects lift Purplebricks and Reabold

LONDON MARKET OPEN: Stocks fall but pound steady ahead of UK budget

IN BRIEF: Cordel CFO Lojszczyk retires; Thouraya Walker replaces

IN BRIEF: Cordel CEO resigns to become regional vice president

TRADING UPDATES: Anglo Asian eyes "pivotal" 2023, Cordel signs deal

TRADING UPDATES: Aura Energy finishes drilling; Cordel revenue up

IN BRIEF: Cordel corrects previously reported interim loss

TRADING UPDATES: Cordel interim revenue jumps; Ilika loss widens

Cordel announces Ricardo collaboration on rail-related opportunities

Cordel launches Automated Intelligent Clearance for rail operators

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Cordel Group Share News (CRDL)

Share Price Information for Cordel Group (CRDL)

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