Trakm8 Holdings PLC Contract Extension Award
27 June 2018 - 4:00PM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
27 June 2018
For immediate release 27 June 2018
Trakm8 Holdings plc
('Trakm8' or the 'Group')
Contract Extension Award
Trakm8 Holdings plc (AIM: TRAK), a leading telematics and data
supplier to global markets, is pleased to announce that it has
extended an agreement to supply FMG Ltd, the UK's leading
independent provider of Fleet Incident Management and Specialist
Vehicle Recovery services, with telematics-based services for a
further three years.
Trakm8 currently provides telematics-based services for
approximately 5,000 FMG vehicles.
FMG's 'Ingenium Dynamics' Driver Behaviour Telemetry solution
uses Trakm8's telematics devices to extract raw driver behaviour
data from vehicles. This data is then fed into FMG's system to
create risk profiles for each of its customers.
John Watkins, Executive Chairman at Trakm8, said: "Trakm8 has
been working with FMG since 2014 when we shipped our first units
and this has subsequently increased to about 5,000 FMG vehicles.
This is a great example of how the stickiness of our products
enables Trakm8 to grow with its clients and subsequently increase
the number of connections. We look forward to continuing our
successful relationship with FMG going forwards."
Harvey Stead, Commercial Director at FMG, said: "There is a
strong appetite for improving driver behaviour as more fleet
decision-makers recognise the benefits of running a flexible, safe
and efficient fleet operation. By working in close partnership with
Trakm8, FMG are able to provide a technologically advanced solution
which ultimately optimises driver safety and reduces incident
frequency and severity."
- Ends -
For further information:
Trakm8 Holdings plc
John Watkins, Executive Chairman Tel: +44 (0) 167 543 4200
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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