Cordel has been awarded a significant contract with Amtrak, the national passenger rail company of the USA. The Group will provide its Artificial Intelligence and data analytics services in a six-and-a-half-year contract, valued at $6.7m, with $3m of revenue expected to be recorded in the first twelve months. This contract was won in competition with high profile rivals, and we understand the award was made on technical competence rather than price. Much of the cost to support the early-stage ra ....

15 Mar 2023
Cordel Group plc (CRDL LN) - Game changing contract award

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Cordel Group plc (CRDL LN) - Game changing contract award
Cordel Group PLC (CRDL:LON) | 5.6 0 0.0% | Mkt Cap: 11.2m
- Published:
15 Mar 2023 -
Author:
Robin Byde -
Pages:
13 -
Cordel has been awarded a significant contract with Amtrak, the national passenger rail company of the USA. The Group will provide its Artificial Intelligence and data analytics services in a six-and-a-half-year contract, valued at $6.7m, with $3m of revenue expected to be recorded in the first twelve months. This contract was won in competition with high profile rivals, and we understand the award was made on technical competence rather than price. Much of the cost to support the early-stage ra ....