Trakm8 Holdings PLC Trakm8 strengthen its partnership with Kubota
August 13 2014 - 05:59AM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
13 August 2014
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Trakm8 strengthen its partnership with Kubota
Trakm8, the AIM-listed designer, developer and manufacturer of
GPRS based hardware and software for the vehicle placement and
security market, is pleased to announce it has signed a further
contract with the Kubota - the market leading manufacturer of
tractor, groundcare and construction machinery solutions.
Having supplied the company with Trakm8's Secure device for the
last two years, Trakm8 is delighted to have strengthened its
partnership with Kubota with this new contract. The deal, worth
over GBP340,000, will see Trakm8 supply both its hardware and
corresponding monthly subscriptions to the Trakm8 hosted web portal
to a range of Kubota's high performance machines. For Kubota's
customers, this will ensure increased security for their vehicle
fleets.
Under the terms of the contract, the majority of the revenue
will be realised over the next 12 months,
John Watkins, Executive Chairman of the Trakm8 Group comments:
"We are delighted to have further strengthened our partnership with
Kubota. The brand is world renowned, having developed a first class
reputation for providing the best machinery solutions in the
markets it operates in and we are pleased to be supplying quality
Trakm8 products to match their high quality plant machinery. Trakm8
invest significantly in developing products and solutions that are
at the cutting edge of technology, and the return in investment is
apparent when we secure partnerships with customers like
Kubota."
-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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