Trakm8 Holdings PLC Mecalac awards Trakm8 telematics contract

TIDMTRAK

Trakm8 Holdings PLC

30 May 2017

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Mecalac awards Trakm8 telematics contract

Trakm8, the AIM-listed telematics and data provider, is pleased to announce it has been awarded an initial contract by Mecalac Construction Equipment UK Ltd (previously Terex GB), the global equipment solutions provider.

The partnership, based on supplying a minimum 2,000 units over the first three years, will commence from June 2017. As part of the agreement, products will be sold to Mecalac customers worldwide.

Trakm8 will provide the latest generation T10 telematics device, which is manufactured in the Group's UK manufacturing facility. Data supplied is based on Trakm8's Asset solution to monitor the machines health and usage based on Trakm8's extensive automotive diagnostic knowledge. The Telematics devices will be fitted on the Mecalac manufacturing line to full automotive standards.

John Watkins, Executive Chairman of Trakm8, commented:

"We are delighted to have Mecalac as a customer for Trakm8's construction equipment telematics solutions. This contract provides additional visibility for our expectations for this financial year and beyond."

Lee Aldridge, Programme Manager of Mecalac Construction Equipment UK Ltd, commented:

"Over the past few years, we've seen customer demand for telematics capability increase significantly. By partnering with Trakm8, we can now offer a market-leading, proven solution for customers around the world."

-ends-

For further information please contact:

 
                                     [phone] 
 Trakm8 Holdings plc                  8444 
 John Watkins, Executive Chairman 
 James Hedges, Finance Director 
 
                                     [phone] 
 finnCap (Nomad and broker)           0500 
 Ed Frisby / Simon Hicks - 
  corporate finance 
 Tim Redfern / Richard Chambers- 
  corporate broking 
 
                                     [phone] 
 MHP Communications                   8100 
 Reg Hoare 
 Charlie Barker 
 

About Trakm8

Trakm8 is a UK based technology leader in fleet management, insurance telematics, optimisation and dashboard camera systems. Through IP owned technology, the Group analyses data collected by its installed base of telematics units to fine tune the algorithms that are used to produce its telematics based solutions; these score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiency of both private drivers and company fleets.

The Group's product portfolio includes cameras (including the recently launched integrated telematics camera), self-installed telematics units and technology to eliminate distracted driving due to mobile phones, and it has over 191,000 installed units reporting to its servers.

Headquartered in Dorset with a manufacturing facility in the West Midlands, the Group supplies, through its dedicated business units Fleet, Optimisation, Insurance and Automotive, many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Direct Line Group and Young Marmalade.

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

www.trakm8.com / @Trakm8

About Mecalac

Mecalac Construction Equipment UK Ltd (previously Terex GB) is a leading designer and manufacturer of compact plant equipment. Based in Coventry, the company boasts a comprehensive portfolio of site dumpers, backhoe loaders and compaction rollers.

Developed to deliver productivity, efficiency and reliability for operators and managers alike, each model is robust, reliable and rental-tough. Distributed through a global network of experienced equipment dealers, customers are guaranteed a high-quality earthmoving solution, backed by more than 50 years' manufacturing heritage.

This information is provided by RNS

The company news service from the London Stock Exchange

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May 30, 2017 02:02 ET (06:02 GMT)