Significant New North American Contract

RNS Number : 7771D

Trakm8 Holdings PLC

29 October 2015

 

Trakm8 Holding Plc

("Trakm8" or the "Company")

Significant New North American Contract

Trakm8 Holdings plc, the AIM listed telematics and data supplier to global markets, is pleased to announce it has reached agreement to supply a major USA based data company with the T10 BLE (Bluetooth™ Low Energy) device.

The Trakm8 T10 BLE communicates with mobile phones via Bluetooth relaying real-time journey data to the registered device.

This new client is expected to purchase over 25,000 devices during the first two years of the contract agreement.

John Watkins, Executive Chairman of Trakm8 comments:

"We are delighted to be working with this major customer to provide technology to the North American insurance market. Considerable engineering investment has been required to create an enhanced product with tremendous potential which can be utilised both in North America and elsewhere." 

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For further information please contact:

Trakm8 Holdings plc	[phone]
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications	[phone]
Reg Hoare / Jade Neal
finnCap	[phone]
Ed Frisby / Simon Hicks - corporate finance Joanna Scott - corporate broking

About Trakm8

Trakm8 uses Big Data analytics to improve driver behaviour, and to maintain its status as a leading technology designer, developer and manufacturer of telematics products and solutions.

The Trakm8 Group, based in Shaftesbury, Dorset, distributes its hardware and software through a network of distributors worldwide. In addition, the company provides vehicle monitoring and tracking services direct to the B2B market. Trakm8's IP owned products and services allow vehicles and drivers to be monitored, giving organisations the ability to manage their deliveries and services, or to track stolen vehicles down to a distance of five metres.

In June 2015, the Trakm8 Group acquired the business and assets of DCS Ltd, who specialise in the design and distribution of camera systems for the automotive, bicycle and security markets. This further strengthens Trakm8's offering into the telematics marketplace, with the acquisition based on the market's demand for forward facing vehicle cameras which enable customers to record driving incidents and mitigate the risk from "crash to cash" accidents.

Trakm8's most recent generation of hardware is the T10 product range, which includes a self-installed telematics device. The Group's services also include a driver behaviour management solution that can reduce fuel consumption by over 10% whilst reducing the risk of accidents. This is complemented by a logistics routing and scheduling package, integrated tachograph data reporting facilities, and the ability to read vehicle DTCs (Diagnostic Trouble Codes) reducing service downtime. 

The Group's customers include the AA, St Gobain, EON, Direct Line Group, & Young Marmalade.

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

www.trakm8.com / @Trakm8

 

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