Trakm8 Holdings PLC International Contract Award (0476S)
21 June 2018 - 4:00PM
UK Regulatory
TIDMTRAK
RNS Number : 0476S
Trakm8 Holdings PLC
21 June 2018
For immediate release 21 June 2018
Trakm8 Holdings plc
('Trakm8' or the 'Group')
International Contract Award
Trakm8 Holdings plc (AIM: TRAK), a leading telematics and data
supplier to global markets, is pleased to announce that it has
reached an agreement to supply Intelematics Australia Pty Ltd
('Intelematics Australia') with telematics based services.
The contract, initially for three years, provides Intelematics
Australia with data, including automotive diagnostics, and a 4G
self-fit on-board diagnostic ('OBD') device. It is believed that
this is the first 4G OBD device to meet the requirements of the
Australian Cat M1 networks. The demand over the three year period
is expected to amount to circa 40,000 connections.
Intelematics Australia is a subsidiary of the Royal Automobile
Club of Victoria and a lead partner in the Intelematics Europe
joint venture with which Trakm8 has an existing contract, as
announced on 31 August 2017.
John Watkins, Executive Chairman of Trakm8, said: "This contract
with Intelematics Australia is another good example of Trakm8
developing a market leading data service and device and
successfully taking it into international markets with new
partners. We look forward to working with Intelematics Australia in
the years ahead."
- Ends -
For further information:
Trakm8 Holdings plc
John Watkins, Executive Chairman Tel: +44 (0) 1675 434 200
Jon Furber, Finance Director www.trakm8.com
Arden Partners plc (Nominated Adviser Tel: +44 (0) 20 7614 5900
& Broker)
Paul Shackleton / Alex Penney www.arden-partners.com
Media enquiries:
Buchanan
Chris Lane / Tilly Abraham Tel: +44 (0) 20 7466 5000
Trakm8@buchanan.uk.com www.buchanan.uk.com
About Trakm8
Trakm8 is a UK based technology leader in fleet management,
insurance telematics, connected car, and optimisation. 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' solutions; these monitor driver behaviour,
identify crash events and monitor vehicle health to provide
actionable insights to continuously improve the security and
operational efficiency of both company fleets and private
drivers.
The Group's product portfolio includes the latest data and
reporting portal (Trakm8 Insight), integrated telematics/cameras,
self-installed telematics units and one of the widest ranges of
installed telematics devices. Trakm8 has over 250,000
connections.
Headquartered in Coleshill near Birmingham alongside its
manufacturing facility, the Group supplies to the Fleet,
Optimisation, Insurance and Automotive sectors to many well-known
customers in the UK and internationally including the AA, Saint
Gobain, EON, Iceland Foods, 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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END
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