Trakm8 Holdings PLC Trakm8 achieves service & manufacturing milestones
13 March 2015 - 6:00PM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
13 March 2015
13 March 2015
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Trakm8 achieves milestones in service and manufacturing
capabilities
Trakm8, the AIM-listedtelematics and data provider to the global
market place,is pleased to announce it reached over 100,000 units
reporting to its servers for the first time in the Group's history,
since formation in 2001.
Reaching this service milestone is an important step for the
Group as it builds its network of customers across the UK and
internationally. During this financial year Trakm8 is anticipated
to manufacture and ship over 95,000 units, another record
achievement for the Group, which will be facilitated via its West
Midlands factory, BOX Telematics ("BOX") acquired 18 months
ago.
In response to this landmark achievement and rapidly increasing
demand from insurance, fleet management and integrator customers,
Trakm8 has made a circa GBP300,000 investmentto extend the Group's
existing facilities at BOX. The investment into a new surface mount
assembly line, which will be installed in the next few weeks, will
provide the Group with a solid base from which it can service the
significant increase in volumes expected during the course of the
next year and beyond.
John Watkins, Executive Chairman of Trakm8 comments:
"This marks a significant milestone in Trakm8's history and
reflects the growing demand from our fleet, insurance and
integrator customers. Furthermore, this investment represents the
next stage of our development of the BOX manufacturing facilities
in order to meet our customers' expectations for efficient delivery
of high quality telematics products.
"Trakm8 has been focused on increasing the number of units
reporting to the servers as part of its strategy to increase
service revenues, and I am pleased to see the Group is building on
this solid financial platform."
-ends-
For further information please contact:
Trakm8 Holdings plc 01747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications 020 3128 8100
Reg Hoare / Vicky Watkins
finnCap 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,
the AA, Fujitsu and Kubota.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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