“It has the potential to save millions in the transport sector annually, and also reduce risk to those people who are typically assessing the data.”
Cordel has been acquired by data management group Maestrano, listed on the London Stock Exchange. The merger will allow Cordel to expand – it plans to hire up to 15 developers in coming months as it pushes hardware and software products to more export markets.
“We are getting talented university students who are keen to build their careers without leaving home and we are also attracting skilled people from all over the world,” he said.
Cordel began in 2012, when Nick Smith bought a drone for real estate photography. Realising its potential in industry and transport, he linked up with Ashley Cox and Aaron Hoye to diversify its offering. The company has secured distributors in Japan and New Zealand which has applications in surveying, conservation and bushfire management, and now plans to launch into other export markets.
Cordel has also developed a sensor system that attaches to the front of trains to scan rail corridor assets and has been tested in Newcastle, Sydney and Tokyo. Ashley Cox said while many companies were recording such data digitally, it was still reviewed manually, whereas Cordel’s software automates the entire process.
“We are ahead in this technology, and the potential for it is good, it’s not scary AI,” he said. “It has the potential to save millions of dollars in the transport sector annually, and also reduce risk to those people who are typically assessing this data.”
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