Corridor name change to Cordel

RNS Number : 6958F
Maestrano Group PLC
18 November 2020
 

18 November 2020

 

 

Maestrano Group PLC ("Maestrano" or the "Company")

 

Corridor name change to Cordel

 

Maestrano Group PLC (AIM: MNO), the Artificial Intelligence platform for transport corridor analytics, is pleased to announce that it is changing the name of its Corridor subsidiaries, products and website to Cordel.

 

This name change will support the continuing expansion of our inspection automation business into international markets.  The new website for the division is www.cordel.ai

 

The name change was necessary to secure trademarks in the USA and internationally and to avoid conflict with existing trademarks.

 

Nick Smith, co-founder of Airsight and Vice President Sales for Maestrano , said,

" The name Cordel ("Corridor" plus "delta") reflects our business on two important levels.  First, on a practical level, we deliver insights to our customers about changes occurring within their corridors. Second, our novel end-to-end approach to automated asset inspections is fundamentally changing what's possible in the realm of corridor inspections.

 

Ian Buddery, Chair of Maestrano, commented:

 

Enquiries:

 

Maestrano Group plc

Ian Buddery, Chairman   c/o Arden Partners

 

Grant Thornton (Nominated Adviser)

Colin Aaronson / Jamie Barklem / Niall McDonald                            +44 (0)20 7383 5100

 

Arden Partners (Broker)

Ruari McGirr / Ciaran Walsh  +44 (0)20 7614 5900

 

About Maestrano

 

Maestrano offers a patented cloud-based platform for master data management and business analytics , together with 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.maestrano.com  

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