Trakm8 Holdings PLC Contract Extension with Shell
June 07 2017 - 2:01AM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
07 June 2017
7 June 2017
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Shell Awards Trakm8 Optimisation Contract Extension
Trakm8, the AIM-listed telematics and data provider to the
global market place, is pleased to announce it has been awarded an
extension to an existing contract with Shell to expand the
development of its Smart Charging solution.
The contract extension will provide Shell with a capability to
manage and optimise the charging of electric vehicles, initially
for the US market.
John Watkins, Executive Chairman of Trakm8 commented:
"Trakm8's Optimisation business, Route Monkey, has been working
with Shell since 2013. This contract extension builds on the
research and development work over the last four years, leading to
commercialisation of the solution.
"This contract extends the ongoing work to cover this financial
year and creates a framework for continued collaboration."
-ends-
For further information please contact:
Trakm8 Holdings plc +44 (0) 174 785 8444
John Watkins, Executive Chairman
James Hedges, Finance Director
finnCap (Nomad and broker) +44 (0) 20 7220 0500
Ed Frisby / Simon Hicks -
corporate finance
Tim Redfern /Richard Chambers
- corporate broking
MHP Communications +44 (0) 20 3128 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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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June 07, 2017 02:01 ET (06:01 GMT)
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