Trakm8 Holdings PLC Contract Extension
18 Marzo 2022 - 1:01AM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
18 March 2022
18 March 2022
Trakm8 Holdings plc
('Trakm8' or the 'Company')
Contract Extension
Trakm8 Holdings plc (AIM: TRAK), the global telematics and data
insight provider is pleased to announce that its contract with
Ingenie Limited ("Ingenie") has been extended for a further three
years.
In addition, the contract has been broadened for Trakm8 to
provide additional self-fit telematic devices.
Ingenie is one of the leading Insurance technology providers
using telematic derived data to improve driver risk with innovative
driver coaching techniques.
John Watkins, Executive Chairman, commented: "The contract with
Ingenie has been in place for three years and it is pleasing to
extend the scope and duration. We are pleased to continue our
association with Ingenie as the market recovers from Covid."
- Ends -
For further information:
Trakm8 Holdings plc
John Watkins, Executive Chairman Tel: +44 (0) 167 543 4200
Jon Edwards, CFO www.trakm8.com
Arden Partners plc (Nominated Adviser Tel: +44 (0) 20 7614 5900
& Broker)
Paul Shackleton, Corporate Finance www.arden-partners.com
Simon Johnson, Corporate Broking
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 255,000 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, GSF, Direct Line Group, Ticker and
Ingenie.
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
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(END) Dow Jones Newswires
March 18, 2022 03:01 ET (07:01 GMT)
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