Transforming the Economics
of Railway Maintenance

Cordel’s automated railway inspection solution addresses real needs. It improves efficiencies, lowers costs and reduces environmental impact for rail networks, while helping ensure trains are on time and safer. Cordel’s proprietary solution uses LiDAR attached to the train to monitor the condition of the track and overhead lines, digitally capturing huge datasets to which sophisticated AI algorithms are applied. This provides ultra-accurate, real-time, actionable insights, helping train companies understand and act on maintenance issues, even before they arise.

 

 

Investment Case

Highest level of
automation on market

Superior automation means greater frequency inspections, greater accuracy of data and lower costs

Fast growing
business

Forecast 4-year revenue CAGR of 104%

Ideally positioned in a $30bn growth market

Automation and data-centric decisioning are key megatrends in the rail infrastructure technology market

The world’s most advanced rail networks are customers

Recent signings of High Speed 1 in UK and Union Pacific in USA demonstrate quality of our solution

Cost effective
and scalable

Pricing on a per kilometre/mile basis make unit economics attractive as contracts grow in scope

Global
Expansion

Expanding globally, including into US, the world’s largest railroad market with 240,000 kms of track

Our Strategy

Deploy our advanced LiDAR on more trains in more railways to collect huge datasets of track information.

Use these huge datasets to constantly improve the intelligence of our railway-specific cloud-based AI, building a competitive advantage.

Partner with complementary railroad engineering companies by providing the best-trained railway AI into their solutions, to maximise the total obtainable market.

Charge per-track-mile monthly fees for ongoing AI solutions for high scaling growth.

Our Brands

Cordel

Automated software-hardware systems for rail infrastructure inspections powered by artificial intelligence.

Visit Cordel.ai

Nextcore

Drone based LiDAR for survey-grade aerial assessments of railroads, power lines, steep terrain, highly vegetated areas, limited access environments and more.

Visit Nextcore.co

 Airsight

Cutting edge geospatial inspection and survey services using Cordel technology, including mapping, drone-based LiDAR, aerial video and photography.

Visit Airsight

Company Directors

cordel team member nick smith

Nick Smith

Chief Executive Officer

Nick is the co-founder and CEO of Cordel. Nick inspires and leads a diverse and geographically dispersed team. ...

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Ian Buddery

Chairman

Ian has over 30 years of experience across the tech, telecommunications and financial services industries in both local and ...

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cordel team member robert loz

Robert Lojszczyk

CFO / Executive Director

Robert has over 30 years experience as a senior financial manager, including 12 years as Vice President Finance for BHP ...

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Nick McInnes

Independent Non-Executive Director

Nick has been a United Kingdom diplomat focusing on international trade and investment in such key positions as ...

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Jonathan Macleod

Non-Executive Director - Chair Audit Committee

Jonathan is a practising Chartered Accountant and Financial Adviser with 30 years of experience in the Financial Services and ...

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John Andrew Davis

Independent Non-Executive Director

John has been working with banks and SMBs for nearly 20 years. Based in London, John was the Marketing ...

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AIM Rule 26

The following information is being disclosed in accordance with AIM Rule 26.
Correct as at 19 November 2021.

Announcements

19/11/2021

Name Change to Cordel Group plc effective

18/11/2021

Result of AGM and Name Change

11/11/2021

New Contract

12/10/2021

Notice of Annual General Meeting, 18 November 2021

12/10/2021

Results for the year ended 30 June 2021

12/10/2021

Annual Report and Financial Statements for the year ended 30 June 2021

29/09/2021

Notice of Results and Investor Presentation

27/09/2021

Cordel partners with leading US rail inspection company Holland, L.P.

07/09/2021

TR-1: Standard form for notification of major holdings

07/09/2021

Network Rail approves Cordel technology to automate gauge surveys

13/08/2021

Director’s exercise of options

05/08/2021

Cordel awarded contract with Network Rail High Speed

23/07/2021

TR-1: Standard form for notification of major holdings

20/07/2021

Cordel awarded Australian Northern Territory contracts

15/07/2021

Full Year Unaudited Trading Update

23/06/2021

First USA Contract

07/06/2021

Historic Grants of Options

20/04/2021

Cordel appoints Distributor in USA

19/04/2021

Q3 Quarter Trading Update

10/03/2021

TR-1 Standard form for notification of major holdings

03/03/2021

Result of oversubscribed Placing to raise £2.0 million

03/03/2021

Proposed Placing to raise approximately £2.0 million

22/02/2021

TR-1 Standard form for notification for major holdings

22/02/2021

Holdings in Company

22/02/2021

Cordel announces international Advisory Board for Cordel

12/02/2021

Results Announcement Six Months to 31 December 2020 & Trading Update

12/02/2021

Interim Report, 31 December 2020

04/01/2021

Arden Partners Appointed as NOMAD

22/12/2020

Amendment to Schedule Two paragraph (g) information of CFO Announcement

16/12/2020

Cordel wins Phase 2 of Innovate UK - Network Rail

03/12/2020

Purchase of Shares by Director

26/11/2020

Cordel announces contract extension and USA appointment

23/11/2020

Cordel RN100 Announcement

19/11/2020

Results of Annual General Meeting

18/11/2020

Corridor name change to Cordel

28/10/2020

Quarterly Trading Update: 3 Months Ending 30 September 2020

26/10/2020

Notice of Annual General Meeting, 19 November 2020

26/10/2020

Annual Report & Accounts for year ended 30 June 2020

12/10/2020

Cordel appoints new Chief Executive Officer

30/09/2020

Directors’ and other shareholdings

29/09/2020

Issue of shares to Airsight vendors

24/09/2020

Purchase of Shares by Directors and Concert Party disposal of Shares

20/08/2020

Nextcore signs joint Distribution Agreement with Acecore Technologies

06/08/2020

Statement re Share Price Movement

27/07/2020

USA Distributor Appointment and Meitetsu Update

22/07/2020

Full Year Unaudited Trading Update

06/07/2020

Partnership Agreement and ARTC Update

29/06/2020

Cordel wins Innovate UK grant

25/06/2020

Cordel wins Innovate UK Network Rail competition

18/05/2020

Cordel appoints Vice President Americas

20/04/2020

Trading Update

13/03/2020

New Directors Announcement

03/03/2020

Director dealing

19/02/2020

Results Announcement Six Months to 31 December 2019 & Trading Update

19/02/2020

Interim Report, 31 December 2019

15/01/2020

Cordel wins Advanced AI Rail Project in Japan

06/01/2020

Contract win with major Australian rail company

30/12/2019

Result of AGM and Directorate Change

02/12/2019

Annual Report 2019

02/12/2019

Notice of 2019 AGM

29/11/2019

Cordel wins Australian Government Tender

06/11/2019

Director and other shareholdings

06/11/2019

Board and VP Sales Appointment

01/11/2019

Date of issue of Ordinary Shares

31/10/2019

Result of General Meeting

28/10/2019

Holding(s) in Company

15/10/2019

Cordel Release of Notice 15 Oct 2019

15/10/2019

Cordel Circular FINAL

15/10/2019

Cordel Airsight Presentation

23/09/2019

Conditional acquisition: Airsight Holdings Pty Limited

23/08/2019

CFO Resignation

12/08/2019

Trading Update

15/07/2019

Term Sheet Signed for Potential Acquisition

04/06/2019

Holding(s) in Company

01/05/2019

Trading Update

20/03/2019

Directors Dealings

19/03/2019

Director Dealing

05/02/2019

Results Announcement Six Months to 31 December 2018 & Trading Update

05/02/2019

Interim Report, 31 December 2018

28/01/2019

Cordel establishes Advisory Board and appoints William Pickup CTO

13/12/2018

2018 AGM Results

13/12/2018

2018 AGM Presentation

03/12/2018

CEO and Managing Director appointment

21/11/2018

Go-live with major US Technology Distributor

15/11/2018

Go-live with major US Bank

08/11/2018

AGM notice RNS

07/11/2018

Chairman Share Purchase

07/11/2018

Notice of 2018 AGM

31/10/2018

Results Announcement FY18

31/10/2018

Annual Report 2018

11/09/2018

Appointment of Deputy CEO

26/07/2018

Trading Update

12/06/2018

Vice President Engineering and key milestone on Australian project

06/06/2018

TR1 Notification of Major Interest in Shares

05/06/2018

TR1 Notification of Major Interest in Shares

04/06/2018

TR1 Notification of Major Interest in Shares

30/05/2018

2018 AGM PresentationCordel first day of dealings

29/05/2018

Cordel Group Intention to Float
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