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
(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
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
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
(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) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
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
(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 Monday said it has signed an agreement with Ricardo Rail Ltd to collaborate on opportunities within the railway inspection and asset management field. Read More
(Alliance News) - Cordel Group PLC on Tuesday launched a SaaS-delivered automated gauging and clearance solution Automated Intelligent Clearance. Read More