Contract win

RNS Number : 3389N

Trakm8 Holdings PLC

08 August 2017

 

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Trakm8 Awarded Calor Gas UK Integrated Telematics Supply Contract

Trakm8, the AIM quoted telematics and data provider to the global market place, is pleased to announce it has been awarded a five year contract by Calor Gas UK in conjunction with its reseller partner Dakota Integrated Solutions (www.dakotais.co.uk), to supply the RoadHawk 600 integrated camera and telematics solution with tachograph download, driver behaviour and data analytics.

The contract is valued at in excess of £1.3m and the units will be deployed during 2017.

John Watkins, Executive Chairman of Trakm8 commented: 

"We are delighted to be awarded this contract with Calor. It is another major customer to move forward with our latest integrated camera and telematics proposition and it provides additional visibility for current year revenues and profitability."

-ends-

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 Big Data company supplying telematics-based solutions and data insight to the global market. Through IP owned technology, The Group analyses billions of miles worth of data to create and fine tune algorithms. These are used to produce telematics based solutions that 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.

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

The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

 

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