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.
Cordel is a London-based company, whose flagship platform uses artificial intelligence to supply transport corridor analytics.
Cordel said the Mexico contract is in partnership with Holland LP and ‘expands on the success’ of the two companies’ partnership announced in February. It represents the first contract under the new commercial model between both companies.
‘In this case, rather than mounting a Cordel scanner on a Holland track vehicle for a single network scan, the customer is purchasing one of Holland’s industry leading inspection vehicles with a permanently mounted Cordel LiDAR unit,’ Cordel said.
The LiDAR scanner will run autonomously while the railroad is conducting its regular inspections, Cordel said, with Cordel and Holland set to provide the railroad with a digital twin of the new network, along with reports for various engineering use cases.
Holland General Manager Erik Curran commented: ‘Our important partnership with Cordel continues to strengthen and now enters the Latin America market with this new contract. Not only is this a significant project in the rail industry, but the contract introduces continuous automated data capture and analysis for Holland clients.’
In Australia, Cordel said the contract win is an A$500,000, or £261,795, project for level crossing safety safety research, which is in addition to the agreement with NTRO announced last month.
Cordel will provide technical competency towards data capture at large scale and using automation to extract attributes of interest from level crossings using multi-modal data sets.
This has been awarded under round one of the regional Australia level crossing safety programme, a A$180.1 million government programme which aims to improve level crossing safety in regional areas.
Cordel said it will create a web-based level crossing data management portal that will ‘expose critical information to the various stakeholders’, while a ‘significant’ contribution will be made by Ricardo to engage the compliance related stakeholders, and from NTRO on ongoing alignment with its other research in this field.
The feedback obtained from these initiatives will complement future funding rounds, Cordel said, which NTRO and Department of Transport for the Australian state of Victoria are currently under discussion for 2024 and 2025 and beyond.
‘We are delighted to be delivering on our partnership strategy with these two significant wins, both of which reflect the rail industry’s acceptance of our unique automated capture and analysis technology,’ said Cordel Chief Executive Officer John Davis.
Shares in Cordel were down 1.5% to 3.89 pence each in London on Friday afternoon.
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