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

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