REACH -
non-regulatory announcement
27 June
2024
Trakm8 Holdings
plc
("Trakm8",
the "Group" or the
"Company")
Contract Extension
Trakm8 Holdings plc (AIM: TRAK), the
global telematics and data insight provider, is pleased to advise
that the Company has been awarded a contract extension with Drvn
Solutions.
Under this contract extension Trakm8
will provide distribution services into the UK in addition to the
existing device and data provision. Going forward, whilst there is
no commitment in terms of unit numbers, any units will be supplied
with Tram8's ConnectedCare vehicle data solution.
Drvn and Trakm8 have extended the
current contract to 31 August 2026.
John Watkins, Trakm8's Executive Chairman
commented, "We are delighted to
extend the scope and duration of the solutions we provide to Drvn
having been working closely together for many years."
- Ends -
For further
information:
|
Trakm8
Holdings plc
|
|
|
John Watkins, Executive Chairman
|
Tel: +44 (0) 1675 434
200
|
|
Jon Edwards, Chief Financial Officer
|
www.trakm8.com
|
|
|
|
|
Allenby
Capital Limited (Nominated Adviser &
Broker)
|
Tel: +44 (0)20 3328
5656
|
|
David Hart / Vivek Bhardwaj,
Corporate Finance
Tony Quirke, Sales and Corporate Broking
|
www.allenbycapital.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 uses AI data analytics
collected from 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 analytics and reporting portal (Trakm8 Insight),
integrated telematics/cameras/optimisation, self-installed
telematics units and one of the widest ranges of installed
telematics devices. Trakm8 has over 275,000 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, Stark, EON, Iceland Foods, Sainsbury's, GSF, Direct Line Group,
Ticker and Freedom Group.
Trakm8 has been listed on the AIM market of the
London Stock Exchange since 2005. Trakm8 is also recognised with
the LSE Green Economy Mark.
www.trakm8.com /
@Trakm8
About Reach
announcements
This is a Reach announcement. Reach is
an investor communication service aimed at assisting listed
and unlisted (including AIM quoted) companies
to distribute media only / non-regulatory news releases
into the public domain. Information required to be notified
under the AIM Rules for Companies, Market Abuse Regulation or other
regulation would be disseminated as an RNS regulatory announcement
and not on Reach.