Trakm8 Holdings PLC Mecalac awards Trakm8 telematics contract
30 May 2017 - 4:02PM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
30 May 2017
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Mecalac awards Trakm8 telematics contract
Trakm8, the AIM-listed telematics and data provider, is pleased
to announce it has been awarded an initial contract by Mecalac
Construction Equipment UK Ltd (previously Terex GB), the global
equipment solutions provider.
The partnership, based on supplying a minimum 2,000 units over
the first three years, will commence from June 2017. As part of the
agreement, products will be sold to Mecalac customers
worldwide.
Trakm8 will provide the latest generation T10 telematics device,
which is manufactured in the Group's UK manufacturing facility.
Data supplied is based on Trakm8's Asset solution to monitor the
machines health and usage based on Trakm8's extensive automotive
diagnostic knowledge. The Telematics devices will be fitted on the
Mecalac manufacturing line to full automotive standards.
John Watkins, Executive Chairman of Trakm8, commented:
"We are delighted to have Mecalac as a customer for Trakm8's
construction equipment telematics solutions. This contract provides
additional visibility for our expectations for this financial year
and beyond."
Lee Aldridge, Programme Manager of Mecalac Construction
Equipment UK Ltd, commented:
"Over the past few years, we've seen customer demand for
telematics capability increase significantly. By partnering with
Trakm8, we can now offer a market-leading, proven solution for
customers around the world."
-ends-
For further information please contact:
+44 (0) 174 785
Trakm8 Holdings plc 8444
John Watkins, Executive Chairman
James Hedges, Finance Director
+44 (0) 20 7220
finnCap (Nomad and broker) 0500
Ed Frisby / Simon Hicks -
corporate finance
Tim Redfern / Richard Chambers-
corporate broking
+44 (0) 20 3128
MHP Communications 8100
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
About Mecalac
Mecalac Construction Equipment UK Ltd (previously Terex GB) is a
leading designer and manufacturer of compact plant equipment. Based
in Coventry, the company boasts a comprehensive portfolio of site
dumpers, backhoe loaders and compaction rollers.
Developed to deliver productivity, efficiency and reliability
for operators and managers alike, each model is robust, reliable
and rental-tough. Distributed through a global network of
experienced equipment dealers, customers are guaranteed a
high-quality earthmoving solution, backed by more than 50 years'
manufacturing heritage.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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