DSG Tag Systems Contract - Shipment Update

RNS Number : 7732A

Trakm8 Holdings PLC

04 April 2012

 



04 April 2012

TRAKM8 HOLDINGS PLC

('Trakm8')

DSG Tag Systems Contract - Shipment Update

Trakm8 is pleased to announce the commencement of shipments of the A1091 hardware platform to golf, turf, and utility fleet solution specialists, DSG TAG Systems ("DSG"), pursuant to the contract originally announced on 21 January 2011.

The contract with DSG is for a total of 6,000 units and Trakm8 had expected to start shipments in the second quarter 2011. However, as set out in the Interim Statement released on 2 December 2011, this contract was delayed due to internal issues at DSG which have now been resolved.

DSG, which has extensive experience in providing GPS and wireless solutions designed specifically for the golf industry, has recently announced agreements with E-Z-GO, Yamaha and Ransomes Jacobsen for DSG's innovative golf cart and course maintenance tracking system.  As a result the Canadian based company has seen demand for its TAG-150 and other products increase substantially during Q1 2012.  

In advance of the predicted demand from the recent contracts secured by DSG, Trakm8 advantageously procured inventory, and consequently has been able to fulfill this first tranche of shipments at short notice.

John Watkins, CEO of Trakm8, commented:

'We are very pleased that shipments to DSG have finally started and we are hopeful that the full 6,000 unit order will be supplied over the coming months.  This contract further supports the variety of applications for our patented technology and demonstrates the continued demand from new and existing partners across the globe.  We are confident this early momentum will continue during the course of 2012."

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For further information please contact:

Trakm8 plc	01747 858444
John Watkins, Chief Executive Officer
James Hedges, Finance Director
MHP Communications	020 3128 8100
Reg Hoare / Vicky Watkins
finnCap	020 7220 0500
Ed Frisby / Christopher Raggett - corporate finance Simon Starr - corporate broking

About Trakm8

Trakm8, based in Shaftesbury, Dorset is the leading technology provider, designer and developer of GPRS based hardware and software to the vehicle tracking and security market. The Company distributes its hardware and software worldwide through a network of distributors. In addition the Company provides ASP vehicle monitoring and tracking services direct to the B2B market. Trakm8's products allow vehicles and drivers to be monitored, allowing organisations to manage deliveries and services, or track stolen vehicles down to 5 metres.

 

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