Trakm8 Holdings PLC Contract Extension Award (4266C)
01 October 2018 - 4:00PM
UK Regulatory
TIDMTRAK
RNS Number : 4266C
Trakm8 Holdings PLC
01 October 2018
1 October 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 been
awarded an extension to its contract with an existing customer, a
major UK vehicle leasing company, to supply it with the Group's
telematics-based services.
The three-year contract is initially for 2,000 vehicles, which
will be fulfilled during the current financial year ending 31 March
2019, and it is expected that the requirements will be between
10,000 and 15,000 vehicles over the lifetime of the contract.
John Watkins, Executive Chairman of Trakm8, commented: "Trakm8
has been working with this customer for some years and I am pleased
to announce this extended agreement which demonstrates our ability
to grow with our clients and adds to the Group's revenue
visibility."
- 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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