Intelematics Concludes Telematics Supply Contract

RNS Number : 3652P

Trakm8 Holdings PLC

31 August 2017

 

31 August 2017

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Trakm8 and Intelematics Concludes Telematics Supply Contract

Trakm8, the AIM-listed telematics and data provider, is pleased to announce it has concluded a three year Master Supply Agreement with Intelematics Europe to supply devices and data. This is follow on to the initial launch supply contract announcement made on 24 May 2017.

John Watkins, Executive Chairman of Trakm8 commented: 

"We are delighted to conclude the commercial arrangements with Intelematics Europe and look forward to working with them and their partners, that include the AA, over the coming years."

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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

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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