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Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Says Network Rail Ltd has given its Wave 32 mobile laser scanning system official approval for use in data capture. Certification was achieved under Network Rail's "topographic, engineering, land and measured building surveying" standard, with the Wave 32 assessed as compliant to Band 3A. The system delivered accurate survey and LiDAR [light detection and ranging] techniques from vehicle mounted installations, and Cordel has achieved "absolute geospatial accuracy...with even tighter relative accuracy between points." Cordel says railways now can use raw outputs of survey grade data and insights from the company's artificial intelligence-driven solution.
Chief Executive Officer John Davis says: "Cordel is the first company to achieve this approval for capturing data on passenger carrying trains. Now that Cordel hardware and software are certified by Network Rail, the international railway with the most stringent infrastructure monitoring standards in the world, Cordel's position is cemented as the leading supplier of point cloud rail survey data. Crucially, the newly certified data that we collect feeds directly into our automated pipeline, to deliver Cordel AI insights promptly and efficiently to our railway customers. Now railways have confirmation that they can rely on our automated capture and analysis to ramp up inspections at scale."
Current stock price: 6.38 pence, up 6.3% on Monday
12-month change: down 0.4%
By Emma Curzon, Alliance News reporter
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