Trakm8 Holdings PLC Trakm8 sign deal with Bibby Distribution (2701R)
June 26 2015 - 2:00AM
UK Regulatory
TIDMTRAK
RNS Number : 2701R
Trakm8 Holdings PLC
26 June 2015
26 June 2015
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Trakm8 sign contract with Bibby Distribution
Trakm8, the AIM-listed telematics and data provider to the
global market place, is pleased to announce it has been awarded a
contract by Bibby Distribution, part of the Bibby Line Group. The
contract is valued at c.GBP1.1 million and will see Trakm8 supply
Bibby's fleet with a tailored Fleet Management Solution powered by
its' UK manufactured T8 mini device. As part of the five year
contract Trakm8 will also supply bespoke Engineering Services to
integrate the SWIFT 6 platform into ESSL, Bibby's workflow
management software platform.
Bibby Distribution was established over 30 years ago and with
locations throughout the UK it is one of the UK's leading logistics
providers. The contract between Trakm8 and Bibby Distribution will
strengthen the Group's presence in this sector.
John Watkins, Executive Chairman of Trakm8 comments:
"We are delighted to have Bibby Distribution as a new Trakm8
customer. We have great confidence in our UK manufacturing
capabilities, and also carry out all design and development in
house, as well as owning the IP. This means the product portfolio
we offer our clients enables us to tailor solutions according to
their individual needs, making us a flexible and efficient partner
to work with.
"This is another significant order for Trakm8's telematics
devices and integration services, and we continue to have a strong
pipeline of opportunities."
Nigel Tullett, Corporate Strategic and Development Director of
Bibby Distribution comments: "The use of technology to improve
asset utilisation and security helps Bibby provide a market leading
service to our customers. The Trakm8 solution helps us stay ahead
in a highly competitive market place"
-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 / Christopher Raggett - corporate
finance
Jo Weaving - corporate broking
About Trakm8
Trakm8, the M2M telematics company using Big Data analytics to
improve driver behaviour is a leading technology designer,
developer and manufacturer of telematics products and
solutions.
The Group, based in Shaftesbury, Dorset, distributes its
hardware and software through a network of distributors worldwide.
In addition the Group 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, allowing
organisations to manage deliveries and services, or track stolen
vehicles down to five metres.
In June 2015, the Group acquired the business and assets of DCS
Ltd, who specialise in the design and distribution of camera
systems for the motor vehicle, 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 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-instal telematics device. The Group's
services also include a driver behaviour management solution that
reduces fuel consumption by 10% or more and reduces 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 serviceability 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
About Bibby Distribution
As one of the top ten logistics providers in the UK, Bibby
Distribution exists to enable other companies to drive value from
their supply chain activities. The company specialises in providing
contract logistics, warehousing, distribution, systems integration
and added value services to a wide range of customers.
Bibby Distribution operates from 90 locations across the UK,
employs 2,500 people and manages 2 million ft(2) of warehousing
space.
The majority of Bibby Distribution's business is based on
long-term partnerships. Its diverse capability also means it can
share best practice across the various industry sectors it operates
in, from Automotive to FMCG.
The company is part of the GBP1.6bn-turnover Liverpool-based
Bibby Line Group, a 200 year old family owned business-to-business
services specialist. It is involved in ship-owning and operation,
shallow water accommodation, offshore oil and gas services,
contract logistics, financial services, memorial parks, employment
law, health & safety advisory services, specialist plant &
equipment hire and retail.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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