Trakm8 Holdings PLC Contract Win (8920W)
May 03 2016 - 2:01AM
UK Regulatory
TIDMTRAK
RNS Number : 8920W
Trakm8 Holdings PLC
03 May 2016
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
ScottishPower Awards Trakm8 Telematics Contract
Trakm8, the AIM quoted telematics and data provider to the
global market place, is pleased to announce it has been awarded an
initial four year contract by ScottishPower to supply Fleet
tracking and driver behavior solutions for 1,608 vehicles.
ScottishPower is part of the Iberdrola Group and is one of the
UK's leading utility companies, working often in extreme weather
conditions. Telematics are expected to play a significant part in
improving operational efficiency and management of the technical
fleet.
Trakm8 will provide hardware and data services based on the very
latest T10 and Light bar hardware and Trakm8's innovative risk and
vehicle service data analysis tools. The vehicle hardware
installation will take place during H1 of 2016.
John Watkins, Executive Chairman of Trakm8 commented:
"We are delighted to have ScottishPower as a customer for
Trakm8's commercial vehicle fleet telematics solutions. We have
been providing telematics to major fleets for many years but this
is the first major customer for our full function T10 product and
Swift 6 driver profiling. This contract provides additional
visibility for our expectations for the current financial
year."
John Moore, Vehicle Maintenance Manager of ScottishPower
commented:
"We undertook a rigorous supplier selection process and are
pleased to have selected, what we believe, to be the best value
telematics solution for ScottishPower."
-ends-
For further information please contact:
+44 (0) 174 785
Trakm8 Holdings plc 8444
John Watkins, Executive Chairman
James Hedges, Finance Director
+44 (0) 20 7220
finnCap (Nomad and broker) 0500
Ed Frisby / Simon Hicks -
corporate finance
Joanna Scott - corporate broking
+44 (0) 20 3128
MHP Communications 8100
Reg Hoare
Jade Neal
About Trakm8
Trakm8 is a UK based Big Data company utilising telematics as
its primary enabler. Through IP owned technology, over two billion
miles worth of data is collected annually through its fleet
management solutions to create and fine tune algorithms used to
score driver behaviour, monitor vehicle health and continuously
improve the security and operational efficiencies of customers'
vehicles.
With its headquarters in Dorset and a manufacturing facility in
the West Midlands, the Group supplies a number of well-known
customers in the fleet management and insurance sectors across the
UK and further afield including customers such as the AA, Saint
Gobain, EON, Direct Line Group and Young Marmalade.
The Group's portfolio offers complete telematics solutions,
which since the acquisition of the business and assets of DCS
Systems, includes dashboard cameras that enable customers to record
driving incidents and mitigate the risk from "crash to cash"
accidents. This is complemented through a comprehensive hardware
range, which includes a self-install unit that is one of the
smallest available on the global market.
Recently, the Group acquired Route Monkey, significantly
enhancing the Group's logistics solution which offers both route
scheduling and optimisation, including routing for electric
vehicles.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
www.trakm8.com / @Trakm8
About Scottish Power
ScottishPower is part of the Iberdrola Group, a global energy
company and world leader in wind energy with operations focused in
the UK, US, Brazil, Mexico and Spain. ScottishPower operates in the
United Kingdom through the following business companies: Scottish
Power Generation Holdings Ltd (SPGHL), Scottish Power Energy
Networks Holdings Ltd (SPENHL) and ScottishPower Renewable Energy
Ltd (SPREL).
Our Generation business produces circa 26k GWh of electricity
p.a. our Transmission and Distribution business owns and operates
our transmission and distribution network with around 3.3 million
customers whilst our Retail business supplies gas and electricity
to around 5.7 million customers.
Business Services Fleet is responsible for the procurement,
maintenance, repair and disposal of all vehicle requirements for
ScottishPower. It is the fleet area's responsibility to ensure the
ScottishPower fleet remains compliant in relation to vehicle legal
requirement and Operator License responsibility.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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