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Cordel Group (CRDL) Share News

IN BRIEF: Cordel Group extends contract with Australian company

10th Jul 2023 11:25

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

IN BRIEF: Cordel builds on Microsoft relationship with success program

21st Jun 2023 12:04

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

IN BRIEF: Cordel gains Network Rail approval for laser scanning system

12th Jun 2023 13:25

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

IN BRIEF: Cordel Group confirms Thouraya Walker starts as new CFO

3rd May 2023 12:51

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

Cordel promotes interim CEO John Davis into permanent spot

24th Apr 2023 11:51

(Alliance News) - Cordel Group PLC on Monday placed its interim Chief Executive Officer John Davis into the permanent role, effective immediately. Read More

IN BRIEF: Cordel confident as third quarter loss narrows

17th Apr 2023 14:25

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

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

31st Mar 2023 15:02

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

TRADING UPDATES: Centamin targets reduction in greenhouse gases

30th Mar 2023 19:20

(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

Cordel hails contract milestone with Angel Trains on first deliverable

23rd Mar 2023 10:11

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

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

15th Mar 2023 11:45

(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

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

15th Mar 2023 10:58

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

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

15th Mar 2023 08:45

(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. Read More

IN BRIEF: Cordel CFO Lojszczyk retires; Thouraya Walker replaces

3rd Mar 2023 10:16

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. Read More

IN BRIEF: Cordel CEO resigns to become regional vice president

1st Mar 2023 11:51

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. Read More

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

23rd Feb 2023 18:37

(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

TRADING UPDATES: Aura Energy finishes drilling; Cordel revenue up

3rd Feb 2023 21:15

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

IN BRIEF: Cordel corrects previously reported interim loss

26th Jan 2023 08:53

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. Read More

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