Trakm8 Holdings PLC International Contract Award (0476S)

TIDMTRAK

RNS Number : 0476S

Trakm8 Holdings PLC

21 June 2018

 
For immediate release  21 June 2018 
 

Trakm8 Holdings plc

('Trakm8' or the 'Group')

International Contract Award

Trakm8 Holdings plc (AIM: TRAK), a leading telematics and data supplier to global markets, is pleased to announce that it has reached an agreement to supply Intelematics Australia Pty Ltd ('Intelematics Australia') with telematics based services.

The contract, initially for three years, provides Intelematics Australia with data, including automotive diagnostics, and a 4G self-fit on-board diagnostic ('OBD') device. It is believed that this is the first 4G OBD device to meet the requirements of the Australian Cat M1 networks. The demand over the three year period is expected to amount to circa 40,000 connections.

Intelematics Australia is a subsidiary of the Royal Automobile Club of Victoria and a lead partner in the Intelematics Europe joint venture with which Trakm8 has an existing contract, as announced on 31 August 2017.

John Watkins, Executive Chairman of Trakm8, said: "This contract with Intelematics Australia is another good example of Trakm8 developing a market leading data service and device and successfully taking it into international markets with new partners. We look forward to working with Intelematics Australia in the years ahead."

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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 21, 2018 02:00 ET (06:00 GMT)