Trakm8 Holdings PLC Contract Win (8920W)

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:

 
                                     [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 
 Joanna Scott - corporate broking 
 
                                     [phone] 
 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

CNTUKVSRNOASUAR

(END) Dow Jones Newswires

May 03, 2016 02:01 ET (06:01 GMT)