⭐ Start off 2025 with a powerful boost to your portfolio: January’s freshest AI-picked sharesUnlock shares

Cordel’s shares spike after winning certificate of approval from National Rail

Published 23/10/2024, 08:58
© Reuters.  Cordel’s shares spike after winning certificate of approval from National Rail

Proactive Investors - Cordel Group PLC (AIM:LON:CRDL) shares jumped more than 8% on Wednesday after its artificial intelligence platform for transport corridor analytics received a certificate of approval from Network (LON:NETW) Rail.

This certification enables Cordel’s system to be used across the Network Rail infrastructure.

The system, tested against specialist vehicles and manual methods, was found compliant with Network Rail’s stringent standards for monitoring static contact wire height, stagger, and deviation.

Cordel’s chief executive John Davis stated: "Cordel achieved this approval for capturing and processing data from trains running at full speed in passenger service.

“Network Rail has some of the most stringent infrastructure monitoring standards in the world, and we believe this approval consolidates our position as the most advanced supplier of AI-driven railway infrastructure insights."

Shares were last seen trading at 6.24p.

Read more on Proactive Investors UK

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.