TIDMCRDL

RNS Number : 3128I

Cordel Group PLC

14 April 2022

14 April 2022

Cordel Group PLC

("Cordel" or the "Company" or the "Group")

Appointment of Director

Cordel Group PLC (AIM: CRDL), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce the appointment of the Company's Chief Technology Officer , Aaron Hoye to the Board as an Executive Director, with immediate effect.

Aaron co-founded Cordel in 2012 with Group CEO Nick Smith. He has extensive technology experience, of hardware and software, across a range of remote sensor technologies, including LiDAR and photogrammetry, as well as data fusion, data processing, machine learning, and UI design. He has a degree in Computer Sciences and Mathematics from University of Newcastle, New South Wales, Australia.

Ian Buddery, Chairman, Cordel, said: "Adding Aaron's voice to the Board will make a valuable contribution to the complex decisions we need to make in our technology roadmap, competitive positioning, and customer engagement."

The disclosures required by Schedule 2(g) of the AIM Rules for Companies in respect of Aaron Hoye are set out in the Appendix to this announcement.

Enquiries:

 
Cordel Group PLC                            c/o SEC Newgate 
Ian Buddery, Chairman 
 Nick Smith, CEO 
Arden Partners plc (Broker and Nominated 
 Adviser)                                   +44 (0)20 7614 5900 
Richard Johnson / Ruari McGirr 
SEC Newgate (Financial PR)                  +44 (0)7540 106366 
Robin Tozer / Bob Huxford / George Esmond   cordel@secnegwate.co.uk 
 

About Cordel

Cordel produces specialist hardware and software for capturing, analysing and reporting on large datasets within the transport sector, employing sophisticated artificial intelligence algorithms.

Further information on the Company is available at: www.cordel.ai

Appendix

Full Name: Aaron Joseph Hoye

Age: 40

 
Current directorships/partnerships  Previous directorships/partnerships 
 
Mokoki PTY LTD                      Cordel PTY LTD 
Aaron Hoye family Investments       Airsight IP PTY LTD 
 PTY LTD 
                                    Corridor Holdings PTY Ltd 
 

As at today's date, Aaron Hoye holds 25,593,750 Ordinary Shares and 490,000 options over Ordinary Shares in the Company.

No further information is required to be disclosed under AIM Rule 17 or Schedule 2(g) of the AIM Rules for Companies.

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END

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(END) Dow Jones Newswires

April 14, 2022 02:10 ET (06:10 GMT)

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