Contract Extension with Shell

RNS Number : 3153H

Trakm8 Holdings PLC

07 June 2017

 

7 June 2017

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Shell Awards Trakm8 Optimisation Contract Extension

Trakm8, the AIM-listed telematics and data provider to the global market place, is pleased to announce it has been awarded an extension to an existing contract with Shell to expand the development of its Smart Charging solution.

The contract extension will provide Shell with a capability to manage and optimise the charging of electric vehicles, initially for the US market.

John Watkins, Executive Chairman of Trakm8 commented: 

"Trakm8's Optimisation business, Route Monkey, has been working with Shell since 2013. This contract extension builds on the research and development work over the last four years, leading to commercialisation of the solution. 

"This contract extends the ongoing work to cover this financial year and creates a framework for continued collaboration."

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For further information please contact:

Trakm8 Holdings plc	[phone]
John Watkins, Executive Chairman
James Hedges, Finance Director
finnCap (Nomad and broker)	[phone]
Ed Frisby / Simon Hicks - corporate finance
Tim Redfern /Richard Chambers - corporate broking
MHP Communications	[phone]
Reg Hoare
Charlie Barker

About Trakm8

Trakm8 is a UK based technology leader in fleet management, insurance telematics, optimisation and dashboard camera systems. 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 telematics based solutions; these score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiency of both private drivers and company fleets.

The Group's product portfolio includes cameras (including the recently launched integrated telematics camera), self-installed telematics units and technology to eliminate distracted driving due to mobile phones, and it has over 191,000 installed units reporting to its servers. 

Headquartered in Dorset with a manufacturing facility in the West Midlands, the Group supplies, through its dedicated business units Fleet, Optimisation, Insurance and Automotive, many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Direct Line Group and 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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