Trakm8 signs new deal with C M Downton Ltd

RNS Number : 9199P

Trakm8 Holdings PLC

26 August 2014

 



26 August 2014

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Trakm8 signs new deal with C M Downton Ltd

Trakm8, the AIM-listed designer, developer and manufacturer of GPRS based hardware and software for the vehicle placement and security market, is pleased to announce it has signed a new supply agreement with one of the UK's leading independently owned logistics firms, CM Downton Ltd.

Downton will purchase the UK manufactured T8 mini, alongside the Trakm8 branded SWIFT 6 web portal, and Trakm8 Secure. The contract is for 1,450 units for an initial period of 5 years. However, under the terms of the contract, a larger share of the revenue will be realised over the upcoming 12 months.  

John Watkins, Executive Chairman of the Trakm8 Group comments: "We are delighted to welcome Downton as a customer of Trakm8's. They are a well recognised feature of the United Kingdom's road network and we are delighted to have been given the opportunity to work with them to coordinate their Logistics operation. We are confident that Downton will reap the benefits of our solutions from the launch and believe this to be the start of a long standing partnership."

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For further information please contact:

Trakm8 Holdings plc	01747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications (Financial PR to Trakm8)	020 3128 8100
Reg Hoare / Vicky Watkins
finnCap (Nomad & Broker to Trakm8)	020 7220 0500
Ed Frisby / Christopher Raggett - corporate finance Joanna Weaving - corporate broking

About Trakm8

Trakm8, the M2M telematics company using Big Data analytics to improve driver behaviour is a leading technology designer, developer and manufacturer of telematics products and solutions.

The Group, based in Shaftesbury, Dorset, distributes its hardware and software through a network of distributors worldwide. In addition the Group 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, allowing organisations to manage deliveries and services, or track stolen vehicles down to five metres.

Recently Trakm8 have developed the T10 product range, which includes a self-installed telematics device. The Group's services also include driver behaviour management solutions that can reduce fuel consumption by 10% or more, reduce risk of accidents, logistics routing & scheduling packages, and tachograph data reporting. The Group's customers include Direct Line Group, Eon, St Gobain, the AA, Fujitsu and Kubota.

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

www.trakm8.com

About Downton

Founded in 1955, Downton is one of the UK's leading logistic firms, owned and ran by the children of the company founder, Conrad Michael Downton.  The company has approximately 1,350 employees and operates 600 tractor units and 1,800 trailers from 11 distribution hubs nationwide. Clients include; Dyson, Pets at Home, News International, UPM-Kymmene Corp, C&C Group, Accolade Wines, AB InBev UK, Marketforce and Prinovis.

For more information about Downton, visit www.downton.co.uk

 

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