Trakm8 Holdings PLC Intelematics Concludes Telematics Supply Contract (3652P)
August 31 2017 - 2:00AM
UK Regulatory
TIDMTRAK
RNS Number : 3652P
Trakm8 Holdings PLC
31 August 2017
31 August 2017
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Trakm8 and Intelematics Concludes Telematics Supply Contract
Trakm8, the AIM-listed telematics and data provider, is pleased
to announce it has concluded a three year Master Supply Agreement
with Intelematics Europe to supply devices and data. This is follow
on to the initial launch supply contract announcement made on 24
May 2017.
John Watkins, Executive Chairman of Trakm8 commented:
"We are delighted to conclude the commercial arrangements with
Intelematics Europe and look forward to working with them and their
partners, that include the AA, over the coming years."
-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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