Trakm8 Holdings PLC Contract Extension
29 Marzo 2022 - 12:01AM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
29 March 2022
29 March 2022
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 announce that its contract with Drvn
(previously Intelematics Europe) has been extended for a further
three years.
In addition, the contract has been extended for Trakm8 to
provided further services and support.
Drvn is a joint venture between several roadside assistance
companies in Europe and provides connected car technology that is
underpinned with devices and data from Trakm8.
John Watkins, Executive Chairman, commented: "The contract with
Drvn has been in place for four years and it is pleasing to extend
the scope and duration of the contract. We hope that now lockdowns
are behind us that take up of connect car policies with the various
European clubs will increase."
- 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 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 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.
www.trakm8.com / @Trakm8
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(END) Dow Jones Newswires
March 29, 2022 02:01 ET (06:01 GMT)
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