IN BRIEF: Cordel awarded Mexican rail inspection insight contract

Cordel Group PLC - London-based company, whose flagship platform uses artificial intelligence to ...

Alliance News 24 June, 2024 | 12:15PM
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Cordel Group PLC - London-based company, whose flagship platform uses artificial intelligence to supply transport corridor analytics - Says it has been selected to provide rail inspection insights for Tren Maya, the 1,554 kilometre intercity railway project in Mexico. Cordel explains the contract enhances revenue visibility across both financial 2024 and 2025. Under the deal, Cordel will have a direct relationship with ETD Solutions Inc, who are contracted by the operators of Tren Maya. Chief Executive John Davis says: "Latin America represents a significant growth opportunity for our technology and we hope to build our reputation across the region."

Current stock price: 4.42 pence

12-month change: down 33%

By Jeremy Cutler, Alliance News reporter

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Security Name Price Change (%) Morningstar
Rating
Cordel Group PLC 4.50 GBX 0.00 -

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