Cordel Group PLC on Wednesday said it has won two new contracts with two different railway companies.

The London-based company, whose flagship platform uses artificial intelligence to supply transport corridor analytics, said the first contract was to process clearances for Aurizon Holdings Ltd, which is ‘Australia’s largest rail freight operator’.

Cordel will provide automated, AI-enhanced clearance assessments across part of Aurizon’s 5,100 kilometre rail network.

The second contract was with UK passenger train operator SE Trains Ltd, which trades under the name Southeastern. Cordel will help to ‘optimise the accessibility of new trains’ for the company.

These trains will form part of the ‘new or upgraded fleet’ that Southeastern is developing to ‘support growing demand, provide better customer facilities and improve accessibility’.

Chief Executive Officer John Davis said: ‘These two contracts, both with new customers, are entry points into what we hope will evolve to network-wide delivery with Aurizon in Australia and Southeastern in the UK. We are confident that our automated scanning and analysis will provide a compelling business case for Aurizon, while the Southeastern contract will demonstrate Cordel’s ability to provide measured outputs that are not currently available to new train designers and specifiers, extending our range of services.’

Shares in Cordel were up 5.3% at 7.11 pence each in London on Wednesday afternoon.

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