(Alliance News) - Cordel Group PLC on Wednesday said it began its data-as-a-service monitoring for Network Rail (High Speed) Ltd, which maintain the railway infrastructure for High Speed One. Read More
(Alliance News) - Cordel Group PLC shares fell on Monday, despite reporting a narrowed interim loss as well as higher revenue. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News: Read More
(Alliance News) - Cordel Group PLC on Friday said it has been awarded a contract to deliver a LiDAR-based solution in Mexico, alongside a project with the National Transport Research Organisation in Australia. Read More
(Alliance News) - Cordel Group PLC on Tuesday said it has been awarded a contract for data capture and analysis with Network Rail (High Speed) Ltd. Read More
(Alliance News) - New Century AIM VCT 2 PLC on Friday said its net asset value fell 17% in its latest half year and warned of further volatility to come, although the second half has "started positively". Read More
(Alliance News) - Cordel Group PLC on Monday said it reached an agreement with Australia's National Transport Research Organisation to trial technology to automate rail level crossing safety assessments. Read More
(Alliance News) - Cordel Group PLC on Monday said it expects revenue for the financial year 2023 to June 30 to be higher than a year ago, boosted by the US and the UK. Read More
Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Extends its existing clearances contract with the Australian Rail Track Corporation, taking the term of the engagement to August 31, 2024. Says as part of the approval, Cordel deploys additional services such as point cloud classification, advanced structure gauge assessments, track spacing and centreline reports. Read More
Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Joins Microsoft ISV success program to build relationship with Microsoft's rail industry sector team. Says this includes wider leverage of Microsoft Cloud and other tools. Read More
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. Read More
Cordel Group PLC - London-based artificial intelligence platform for transport corridor analytics - Confirms new chief financial officer, Thouraya Walker, joins on Wednesday. Former CFO Robert Lojszczyk has stepped down following his retirement. In March, Cordel named Walker as Lojszczyk's successor. Walker previously held roles at Mazars LLP, Standard Chartered Bank, and Oliver Wyman Ltd. Read More
(Alliance News) - Cordel Group PLC on Monday placed its interim Chief Executive Officer John Davis into the permanent role, effective immediately. Read More
Cordel Group PLC London-based artificial Intelligence platform for transport corridor analytics - Revenue in third quarter ended March 31 jumps 18% annually to GBP743,000 from GBP629,000. Says cost of sales rose by 5% to GBP177,000 from GBP168,000, whilst total expense fell by 13% to GBP581,000 from GBP665,000. Loss before interest, tax, depreciation and amortisation narrows to GBP15,000 from GBP204,000. Read More
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. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Cordel Group PLC on Thursday celebrated a "key contract milestone" with Angel Trains Ltd, after completing its first deliverable. Read More
(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. Read More
(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday. Read More