Cordel Secures Major Contract with Australian Railway V/Line
The AI software company has secured a new contract with a major Australian railway operator to provide data capture and analytics services.
The AI software company has secured a new contract with a major Australian railway operator to provide data capture and analytics services.
The AI-driven rail infrastructure analytics firm reported an 83% reduction in EBITDA loss, 8% revenue growth, and significant customer wins. New product launches and US market expansion signal strong growth potential.
The software company announces the departure of a non-executive director, who will continue to serve on the advisory board.
The software company has expanded its contract with a significant Middle East customer, doubling the amount of rail corridor data capture and analysis work to be delivered over the next 6 months.
The software company has extended its contract with a major Australian rail operator, demonstrating the value of its infrastructure monitoring solutions.
The software company has announced a new partnership with Transport for London to trial its AI-powered infrastructure analytics technology on the London Underground network.
The Chairman of this software company has purchased a further 350,000 shares, increasing his stake to 4.69% of the company.
The software company has announced that a non-executive director has purchased 290,000 shares in the business.
The software company has released a new AI-powered platform for tracking and managing railway assets, aiming to improve efficiency and compliance for its customers.
The software company reported 8% revenue growth in the latest financial year, with improved margins and cash flow. The business expanded its customer base, adding five new clients including two major US railroads.