Contract Award

RNS Number : 9175R

Trakm8 Holdings PLC

03 July 2020

 

3 July 2020

TRAKM8 HOLDINGS PLC

('Trakm8' or 'the Group' or 'the Company')

Contract Award

Further to the announcement of 27th April, Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight provider, has now agreed the fleet optimisation contract with a major UK food retailer that had been expected in March but was delayed due to the COVID19 outbreak. The contract is initially for 2 years and utilises Trakm8's market leading algorithm to optimise home deliveries. There will be some initial customer funded engineering integration activity in advance of product going live later in the year.

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For further information:

Trakm8 Holdings plc
John Watkins, Executive Chairman	Tel: [phone]
Jon Furber, Finance Director	www.trakm8.com
Arden Partners plc (Nominated Adviser & Broker)	Tel: [phone]
Paul Shackleton	www.arden-partners.com

Notes to Editors

Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group analyses data collected by its installed base of telematics units to fine tune the algorithms that are used to produce its' solutions; these monitor driver behaviour, identify crash events and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers.

The Group's product portfolio includes the latest data analytics and reporting portal (Trakm8 Insight), integrated telematics/cameras/optimisation, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 245,000 connections.

Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors to many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Iceland Foods, Scottish Power, Direct Line Group, LexisNexis and Ingenie.

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

www.trakm8.com / @Trakm8

The information communicated in this announcement is inside information for the purposes of Article 7 of Regulation 596/2014.

 

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