Source - Alliance News

Cordel Group PLC on Tuesday said that the UK’s Network Rail has provided a certificate of approval for its artificial intelligence technology.

Cordel is a London-based company, whose flagship platform uses artificial intelligence to supply transport corridor analytics.

The certification falls under Network Rail’s gauging survey, equipment, editing and outputs standard. It now covers the entire Cordel Pipeline.

Its shares were up 11% at 4.85 pence each in London on Tuesday afternoon.

‘Cordel is the first company to achieve this approval for capturing and processing data from trains running at full speed in passenger service,’ said Chief Executive Officer John Davis.

‘Network Rail has the most stringent infrastructure monitoring standards in the world, and our position is now confirmed as the most advanced supplier of AI-driven rail infrastructure insights,’ he added.

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