Trakm8 Holdings PLC Contract Award
06 Julio 2022 - 1:00AM
RNS Non-Regulatory
TIDMTRAK
Trakm8 Holdings PLC
06 July 2022
Reach - non-regulatory announcement
6 July 2022
Trakm8 Holdings plc
('Trakm8' or the 'Company')
Contract Award
Trakm8 Holdings plc (AIM: TRAK), the global telematics and data
insight provider, is pleased to announce that it has been awarded a
contract with Love Your Miles to provide devices, a custom app and
platform services for Love Your Miles' insurance propositions.
This contract is expected to commence writing insurance policies
in July 2022.
Stuart Whalley, Managing Director of Love Your Miles, commented
"We are delighted to partner with TrakM8 for the launch of Love
Your Miles. We are a digital, InsureTech start-up and in Trakm8 we
believe we have a partner that aligns perfectly with our focus to
provide simple usage-based insurance solutions to customers. We
look forward to working more closely with John and the wider team
and thank them for their work to date.
John Watkins, Executive Chairman of Trakm8, commented : "We are
delighted to be working with Love Your Miles as they launch their
mileage-based telematics insurance products."
- 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 Tel: +44 (0) 20 3328 5656
Adviser & Broker)
David Hart/Liz Kirchner, Corporate www.allenbycapital.com
Finance
Tony Quirke, Sales and Corporate Broking
Notes to Editors
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 264,000 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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NRASSDFIIEESEIW
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July 06, 2022 02:00 ET (06:00 GMT)
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