Cordel Group PLC (AIM:CRDL) shares jumped more than 8% on Wednesday after its artificial intelligence platform for transport corridor analytics received a certificate of approval from Network Rail.
This certification enables Cordel’s system to be used across the Network Rail infrastructure.
The system, tested against specialist vehicles and manual methods, was found compliant with Network Rail’s stringent standards for monitoring static contact wire height, stagger, and deviation.
Cordel’s chief executive John Davis said: "Cordel achieved this approval for capturing and processing data from trains running at full speed in passenger service.
“Network Rail has some of the most stringent infrastructure monitoring standards in the world, and we believe this approval consolidates our position as the most advanced supplier of AI-driven railway infrastructure insights."
Shares were trading at 6.24p.