LONDON (ShareCast) - (Sharecast News) - Cordel Group said on Monday that it has been awarded an expanded contract with a major customer in the Middle East, doubling the amount of railway track mileage to be captured and analysed under the project.
The AIM-traded firm said the new six-month phase followed the successful completion of an initial contract announced in June last year, and would involve Cordel's LiDAR and high-resolution video technology to collect detailed data across the customer's rail network.

It said the processed outputs would be used primarily for clearance and gauging purposes and made available through the company's Cordel Connect web platform.

The project also extended Cordel's strategic partnership with D/Gauge, the UK-based rail gauging services firm and part of the TÜV Rheinland Group.

D/Gauge's clearance analysis would complement Cordel's AI-driven rail corridor asset detection technology, the firm explained, enabling operators to obtain faster and more accurate safety-critical information across their networks.

Chief executive John Davis said the expanded engagement underscored Cordel's growing role in the region's rail modernisation efforts.

"We are thrilled to continue delivering our valuable digital inspection and clearance data to this prestigious, flagship customer in the Middle East," he said.

"With considerable investment across the region, Cordel is well-positioned to play an important role in delivering leading-edge digital inspection technologies.

"Furthermore, by extending our relationship with D/Gauge, we continue to demonstrate our value in providing the accurate, consistent and high-frequency data required in order to drive a strategic clearance and gauging programme."

At 1241 BST, shares in Cordel Group were down 5.11% at 6.5p.

Reporting by Josh White for Sharecast.com.

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