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Cordel – “AI Technology Certified by Network Rail”, but a more than 8% share price rise?…

By Steve Moore | Tuesday 11 June 2024

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Transport sector technology group Cordel (CRDL) has issued an “AI Technology Certified by Network Rail”-titled announcement, with Cordel’s CEO John Davis emphasising that it “is the first company to achieve this approval for capturing and processing data from trains running at full speed in passenger service” and that “Network Rail has the most stringent infrastructure monitoring standards in the world and our position is now confirmed as the most advanced supplier of AI-driven rail infrastructure insights”. What of this announcement and a current more than 8% higher share price response to 4.7p?
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