Trakm8 Holdings PLC Contract Extension (5412G)
May 31 2017 - 2:00AM
UK Regulatory
TIDMTRAK
RNS Number : 5412G
Trakm8 Holdings PLC
31 May 2017
31 May 2017
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Iceland Foods Awards Trakm8 Optimisation & Telematics
Contract Extension
Trakm8, the AIM-listed telematics and data provider to the
global market place, is pleased to announce it has been awarded a
contract extension by Iceland Foods Limited, the UK's leading
frozen food retailer.
The contract extension covers the provision of Trakm8's Route
Monkey Optimisation software and updates Trakm8's Roadsense
telematics with Trakm8's latest "RoadHawk 600" integrated 4G video
and telematics solution, with data provided via Trakm8's latest
data solution "Insight". The new contract extension will run until
April 2024.
Trakm8, through Route Monkey and Roadsense, has been providing
solutions for over 1,500 Home delivery vehicles and optimising over
11 million deliveries per year. The next generation solutions will
provide even better optimisation of these deliveries, far better
insights into how the vehicles are being driven and the vehicle
service requirements. The solutions will be fully integrated within
the Trakm8 software and Iceland's EPOS.
John Watkins, Executive Chairman of Trakm8 commented:
"We have been working with Iceland Foods for over four years
providing optimisation and telematics solutions. Iceland is a
market leader in adopting new technology and we are delighted that
it is the first significant customer for our next generation
integrated products and solutions.
"It is validation of the acquisitions of both Route Monkey &
Roadsense and Trakm8's product strategy to integrate Optimisation,
Camera and Telematics technologies.
"This is a long term contract that provides predictable revenues
for the years ahead."
-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
The information communicated in this announcement contains
inside information for the purposes of Article 7 of the Market
Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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