Trakm8 Holdings PLC Significant New North American Contract
October 29 2015 - 3:01AM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
29 October 2015
Trakm8 Holding Plc
("Trakm8" or the "Company")
Significant New North American Contract
Trakm8 Holdings plc, the AIM listed telematics and data supplier
to global markets, is pleased to announce it has reached agreement
to supply a major USA based data company with the T10 BLE
(Bluetooth(TM) Low Energy) device.
The Trakm8 T10 BLE communicates with mobile phones via Bluetooth
relaying real-time journey data to the registered device.
This new client is expected to purchase over 25,000 devices
during the first two years of the contract agreement.
John Watkins, Executive Chairman of Trakm8 comments:
"We are delighted to be working with this major customer to
provide technology to the North American insurance market.
Considerable engineering investment has been required to create an
enhanced product with tremendous potential which can be utilised
both in North America and elsewhere."
-Ends-
For further information please contact:
Trakm8 Holdings plc +44 1747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications +44 20 3128 8100
Reg Hoare / Jade Neal
finnCap +44 20 7220 0500
Ed Frisby / Simon Hicks - corporate finance
Joanna Scott - corporate broking
About Trakm8
Trakm8 uses Big Data analytics to improve driver behaviour, and
to maintain its status as a leading technology designer, developer
and manufacturer of telematics products and solutions.
The Trakm8 Group, based in Shaftesbury, Dorset, distributes its
hardware and software through a network of distributors worldwide.
In addition, the company provides vehicle monitoring and tracking
services direct to the B2B market. Trakm8's IP owned products and
services allow vehicles and drivers to be monitored, giving
organisations the ability to manage their deliveries and services,
or to track stolen vehicles down to a distance of five metres.
In June 2015, the Trakm8 Group acquired the business and assets
of DCS Ltd, who specialise in the design and distribution of camera
systems for the automotive, bicycle and security markets. This
further strengthens Trakm8's offering into the telematics
marketplace, with the acquisition based on the market's demand for
forward facing vehicle cameras which enable customers to record
driving incidents and mitigate the risk from "crash to cash"
accidents.
Trakm8's most recent generation of hardware is the T10 product
range, which includes a self-installed telematics device. The
Group's services also include a driver behaviour management
solution that can reduce fuel consumption by over 10% whilst
reducing the risk of accidents. This is complemented by a logistics
routing and scheduling package, integrated tachograph data
reporting facilities, and the ability to read vehicle DTCs
(Diagnostic Trouble Codes) reducing service downtime.
The Group's customers include the AA, St Gobain, EON, Direct
Line Group, & 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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