Cordel Group PLC (GB:CRDL) has released an update.
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Cordel Group PLC has successfully raised £1.0 million through a new share placement at a premium, with intentions to use the proceeds to enhance its AI technology and expand its 3D object recognition capabilities. This strategic move, backed by institutional investors like Rathbones Investment Management Limited, aims to accelerate the Company’s growth in rail network technology applications and drive future revenue opportunities. The additional funds will primarily support research and development, as well as provide working capital.
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