Trakm8 Holdings PLC Directorate Change (1816J)

TIDMTRAK

RNS Number : 1816J

Trakm8 Holdings PLC

16 December 2015

16 December 2015

TRAKM8 HOLDINGS PLC

("Trakm8", the "Group" or the "Company")

Directorate Change

Trakm8 Holdings plc, the AIM listed telematics and data supplier to global markets, announces that on 15 December 2015, Paul Wilson, Group Sales and Marketing Director stepped down from the Board of Directors to take up a significant new role within the Group; this relates to the AA contract extension announced on 14 December 2015.

Paul has been appointed to the newly created role of Director of Trakm8's dedicated AA Business Unit so that he can concentrate his entire efforts on building the Trakm8 team and its growing business with the AA. As a result Paul has relinquished his previous role of Group Sales and Marketing Director with immediate effect. Paul originally joined our team in early 2009 and has played a significant role in building the customer base and product strategy of the Group. We are very grateful for his contribution to the Board and thank him for his willingness to concentrate on this important new task.

John Watkins, Executive Chairman of Trakm8 comments:

"We are very excited by the opportunity to build significant new business with the AA addressing their business customers. We believe Paul's new dedicated role is critical to achieving this."

For further information please contact:

 
 Trakm8 Holdings plc                   [phone] 
 John Watkins, Executive Chairman 
  James Hedges, Finance Director 
 MHP Communications (Financial 
  PR to Trakm8)                       [phone] 
 Reg Hoare / Jade Neal / Charlotte 
  Coulson 
 finnCap (Nomad & Broker to 
  Trakm8)                             [phone] 
 Ed Frisby / Simon Hicks - 
  corporate finance 
  Joanna Scott - 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 has developed the T10 product range, which includes a self--installed 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, Saint--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

This information is provided by RNS

The company news service from the London Stock Exchange

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December 16, 2015 02:00 ET (07:00 GMT)