Trakm8 Holdings PLC Contract Extension Award

TIDMTRAK

Trakm8 Holdings PLC

27 June 2018

 
For immediate release    27 June 2018 
 

Trakm8 Holdings plc

('Trakm8' or the 'Group')

Contract Extension Award

Trakm8 Holdings plc (AIM: TRAK), a leading telematics and data supplier to global markets, is pleased to announce that it has extended an agreement to supply FMG Ltd, the UK's leading independent provider of Fleet Incident Management and Specialist Vehicle Recovery services, with telematics-based services for a further three years.

Trakm8 currently provides telematics-based services for approximately 5,000 FMG vehicles.

FMG's 'Ingenium Dynamics' Driver Behaviour Telemetry solution uses Trakm8's telematics devices to extract raw driver behaviour data from vehicles. This data is then fed into FMG's system to create risk profiles for each of its customers.

John Watkins, Executive Chairman at Trakm8, said: "Trakm8 has been working with FMG since 2014 when we shipped our first units and this has subsequently increased to about 5,000 FMG vehicles. This is a great example of how the stickiness of our products enables Trakm8 to grow with its clients and subsequently increase the number of connections. We look forward to continuing our successful relationship with FMG going forwards."

Harvey Stead, Commercial Director at FMG, said: "There is a strong appetite for improving driver behaviour as more fleet decision-makers recognise the benefits of running a flexible, safe and efficient fleet operation. By working in close partnership with Trakm8, FMG are able to provide a technologically advanced solution which ultimately optimises driver safety and reduces incident frequency and severity."

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For further information:

 
Trakm8 Holdings plc 
John Watkins, Executive Chairman       Tel: [phone] 
Jon Furber, Finance Director                      www.trakm8.com 
 
Arden Partners plc (Nominated Adviser  Tel: [phone] 
 & Broker) 
Paul Shackleton / Alex Penney             www.arden-partners.com 
 

Media enquiries:

 
Buchanan 
Chris Lane / Tilly Abraham  Tel: [phone] 
[e-mail]            www.buchanan.uk.com 
 

About Trakm8

Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. 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' solutions; these monitor driver behaviour, identify crash events and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers.

The Group's product portfolio includes the latest data and reporting portal (Trakm8 Insight), integrated telematics/cameras, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 250,000 connections.

Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors to many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Iceland Foods, 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

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June 27, 2018 02:00 ET (06:00 GMT)