TRAK Trakm8 Holdings Plc

TIDMTRAK

Trakm8 Holdings PLC

28 November 2016

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Smart Drivers Club Awards Trakm8 Telematics Contract

Trakm8, the AIM-listed telematics and data insight provider to the global market place, is pleased to announce it has been awarded a contract by Smart Driver Club ("SDC"), the innovative UK vehicle services company, to supply devices and data services for the launch of its Smartbubble service solution.

Trakm8 will provide the latest generation T10 Micro devices and the data set created over many years of extensive engineering development as part of the Trakm8connectedcare solution. This service comprises of client logistics and predictive diagnostic service requirements such as crash detection and theft tracking. SDC expects to have a requirement for a substantial number of devices in the first 18 months of the contract with a launch order of 6,000 devices to be delivered in Trakm8's current financial year.

John Watkins, Executive Chairman of Trakm8 commented:

"We are delighted to have added SDC as a customer for Trakm8's automotive telematics solutions. SDC has an experienced telematics insurance management team who have worked with numerous hardware and data suppliers in the past.

"To be chosen as SDC's new partner for its launch is not only a major vindication of our data capabilities but also that our significant investment in research and development is directly leading to sales.

"This contract provides 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 three 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 including 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.

The Group has recently acquired both Route Monkey and Roadsense Technologies Ltd. Route Monkey has enhanced Trakm8's logistics solution offering route scheduling and optimisation, including routing for electric vehicles. Roadsense has been acquired to strengthen the Group's presence in the SME fleet management market.

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

www.trakm8.com / @Trakm8

About Smart Driver Club

Smartdriverclub is a completely unique membership service for motorists with vehicles manufactured since 2008. The business was created by Penny Searles, harnessing her 8 years' experience in the motor insurance sector. Smartdriverclub is using technology from global providers of wireless products, services and end-to-end solutions some with 30 years' experience in the field. Smartdriverclub valuations are supported by cap hpi, the mechanic support is provided by CallAssist. Smart Driver Club Limited is Registered in England and Wales with company number 09706245. Registered office address: Timsons Business Centre, Bath Road, Kettering, Northamptonshire, England NN16 8NQ.

This information is provided by RNS

The company news service from the London Stock Exchange

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