Cordel has announced a new contract at an undisclosed value with a new US Class I Railroad, supporting second half delivery en-route to reiterated expectations. Today’s proof of concept contract award follows a data-sharing agreement for PTC development as announced in April 2025, and includes a LiDAR hardware sale, clearances module and the PTC Asset Connect module as part of a validation project for the railroad’s long-term digital inspection strategy. Following a successful outcome, we expect ....
