Trakm8 Holdings PLC Trakm8 signs deal with SAGAsystem
September 12 2014 - 2:00AM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
12 September 2014
12 September 2014
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Trakm8 extends reach into a new territory with SAGAsystem AS
contract win
Trakm8, the AIM listed telematics and data supplier to global
markets, is pleased to announce that it has signed a contract with
Norwegian company SAGAsystem AS ("SAGA") to distribute the T8
tracking units and real time driver behaviour feedback product,
eco(N) throughout its network in Scandinavia, representing a new
territory for Trakm8.
The initial order for the UK manufactured hardware is worth over
GBP270,000, which will be followed with ongoing monthly service
charges for each unit, providing a solid recurring revenue base for
the Group. The initial order is expected to be delivered to SAGA by
the end of 2014.
John Watkins, Executive Chairman of the Trakm8 Group commented:
"We are delighted to have partnered with SAGA in the distribution
of our products throughout Scandinavia, which marks a new territory
for sales of eco(N) . SAGA is well respected throughout the
industry and we are confident that they will be successful with
distributing our products to their customer base."
-ends-
For further information please contact:
Trakm8 Holdings plc 01747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications (Financial PR to
Trakm8) 020 3128 8100
Reg Hoare / Vicky Watkins
finnCap (Nomad & Broker to Trakm8) 020 7220 0500
Ed Frisby / Christopher Raggett -
corporate finance
Joanna 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.
Recently Trakm8 have developed the T10 product range, which
includes a self-installed telematics device. The Group's services
also include driver behaviour management solutions that can reduce
fuel consumption by 10% or more, reduce risk of accidents,
logistics routing & scheduling packages, and tachograph data
reporting. The Group's customers include Direct Line Group, Eon, St
Gobain, the AA, Fujitsu and Kubota.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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