Trakm8 strengthen its partnership with Kubota

RNS Number : 0196P

Trakm8 Holdings PLC

13 August 2014

 



TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Trakm8 strengthen its partnership with Kubota

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 further contract with the Kubota - the market leading manufacturer of tractor, groundcare and construction machinery solutions.

Having supplied the company with Trakm8's Secure device for the last two years, Trakm8 is delighted to have strengthened its partnership with Kubota with this new contract.  The deal, worth over £340,000, will see Trakm8 supply both its hardware and corresponding monthly subscriptions to the Trakm8 hosted web portal to a range of Kubota's high performance machines.  For Kubota's customers, this will ensure increased security for their vehicle fleets. 

Under the terms of the contract, the majority of the revenue will be realised over the next 12 months,

John Watkins, Executive Chairman of the Trakm8 Group comments: "We are delighted to have further strengthened our partnership with Kubota. The brand is world renowned, having developed a first class reputation for providing the best machinery solutions in the markets it operates in and   we are pleased to be supplying quality Trakm8 products to match their high quality plant machinery. Trakm8 invest significantly in developing products and solutions that are at the cutting edge of technology, and the return in investment is apparent when we secure partnerships with customers like Kubota."     

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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.

 

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