24 June 2024
Cordel Group
PLC
("Cordel"
or the "Company" or the "Group")
Cordel announces Contract
Expansion in Mexico
Cordel 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.
The 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.
Cordel'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.
Cordel'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:
● Vegetation Detection
● Ballast Monitoring
● Clearance Assessments
● Track Spacing Analysis
Tim Francis, VP of
US/LATAM at Cordel said:
"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."
John Davis, CEO of Cordel, added:
Our 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."
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 ETD Solutions Inc
ETD SOLUTIONS INC integrates
specialized products, services and solutions for the railway
transport and aviation, Security and Defense industry and airports,
backed by its own technical capabilities and strategic alliances
with manufacturers, certified and reliable suppliers. Further
information is available at: etdsolutionsinc.com
About Tren Maya
The Tren
Maya (sometimes also Mayan Train or Maya Train)
is a 1,554 km-long (966 mi) intercity railway
in Mexico that traverses
the Yucatán
Peninsula. Construction began in June 2020 and the
Campeche-Cancún section began operation on 15 December 2023, with
the rest of the line to open later. The railway begins
in Cancún
International Airport and travels southwest
towards Palenque, Chiapas, via two routes that
encircle the peninsula.