Trakm8 Holdings PLC Contract Win (0653D)
July 04 2016 - 2:00AM
UK Regulatory
TIDMTRAK
RNS Number : 0653D
Trakm8 Holdings PLC
04 July 2016
4(th) July 2016
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Allianz Awards Trakm8 Telematics Contracts
Trakm8, the AIM-listed telematics and data provider to the
global market place, is pleased to announce it has been awarded two
initial contracts by Allianz, the global insurance company, to
supply devices with uniquely developed software to Allianz's Global
Telematics business.
The initial supply contract comes with a launch order of 5,000
devices to start the pipe filling for Allianz Insurance telematics
in China.
Trakm8 will provide the latest generation 5 T10 Micro self-fit
telematics device, which initially will be manufactured in the
Group's UK manufacturing facility. It is anticipated that
manufacturing in Asia will take place as the volumes increase.
Trakm8, under a separate contract, will also develop specific
software to meet the requirements of Allianz.
John Watkins, Executive Chairman of Trakm8 commented:
"We are delighted to add Allianz as a customer for Trakm8's
insurance telematics solutions. We have been providing telematics
to insurance companies for just over two years and Allianz is the
first major customer for our next generation T10 Micro product.
These contracts provide additional visibility for our expectations
for the current financial year and beyond."
-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
Joanna Scott - corporate broking
+44 (0) 20 3128
MHP Communications 8100
Reg Hoare
Jade Neal
About Trakm8
Trakm8 is a UK based Big Data company utilising telematics as
its primary enabler. Through IP owned technology, over two billion
miles worth of data is collected annually through its fleet
management solutions to create and fine tune algorithms used to
score driver behaviour, monitor vehicle health and continuously
improve the security and operational efficiencies of customers'
vehicles.
With its headquarters in Dorset and a manufacturing facility in
the West Midlands, the Group supplies a number of well-known
customers in the fleet management and insurance sectors across the
UK and further afield including customers such as the AA, Saint
Gobain, EON, Direct Line Group and Young Marmalade.
The Group's portfolio offers complete telematics solutions,
which since the acquisition of the business and assets of DCS
Systems, includes dashboard cameras that enable customers to record
driving incidents and mitigate the risk from "crash to cash"
accidents. This is complemented through a comprehensive hardware
range, which includes a self-install unit that is one of the
smallest available on the global market.
Recently, the Group acquired Route Monkey, significantly
enhancing the Group's logistics solution which offers both route
scheduling and optimisation, including routing for electric
vehicles.
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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