Cordel Group - US Class 1 win for capture, analytics and PTC

Cordel Group has announced the signing of a new Class 1 freight railroad operator, marking a significant step forward in the company's US growth strategy and its ambitions in Positive Train Control (PTC). The five-year contract, valued at $3.7m is for Cordel's established LiDAR capture and analytics platform. In addition, the contract includes a $3.8m provision for the company's PTC solution, which is scheduled for launch in July.

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