Cordel Group PLC announced a new 5 year term contract with one of the leading Class 1 freight railroads in the United States. The agreed full term base contract is for over USD 3.7 million and includes an additional USD 3.8 million provision for Cordel's latest PTC Asset Management SaaS following its anticipated launch in July. Cordel will deliver its full suite of capture, processing and delivery of rail corridor data and insights.
The client's complete network will be captured and analysed on an annual basis, utilising Cordel's unique ability to deliver significant volumes of processed rail corridor data at high frequency with high levels of accuracy. Cordel will supply multiple Rugged LiDAR capture systems, which will reside semi-permanently on existing rail-bound geometry vehicles, for automated upload and processing. Cordel's proprietary AI will classify processed outputs to include identification of Rail Heads, Ballast, Vegetation, Structure, Platforms and Overhead Line Equipment.
Cordel Connect, the rail-centric data insights platform, will deliver consistent data to enterprise stakeholders and departments.
