RCS - Trakm8 Holdings PLC - Contract Award

Trakm8 HoldingsAnnouncement

02/12/2021 07:00

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RNS Number : 2896U  Trakm8 Holdings PLC  02 December 2021

REACH
02 December 2021

 

 

 Trakm8 Holdings plc

('Trakm8' or the 'Company')

 

 

Contract Award

 TRAKM8 HOLDINGS PLC AWARDED CONTRACT WITH TICKER LIMITED TO SUPPORT
DELIVERY OF PAY-PER-MILE INSURANCE PROPOSITION

  Trakm8 Holdings plc (AIM: TRAK), the recognised leader in technology
solutions for insurance telematics, connected car data and fleet management,
is pleased to announce that the Company has been awarded a contract with
Ticker Limited to provide the data management solutions and devices for their
pay-per-mile offering, which will be launched early in the new year.

 Trakm8's real-time vehicle sensor car data will complement Ticker's pricing
sophistication and data capabilities, with an initial contract term of three
years.

 John Watkins, Executive Chairman, commented: "Ticker is one of the UK's
fastest-growing motor insurtechs, and we are pleased to partner with them
following a competitive trial process. We are looking forward to working
with the team at Ticker and supporting the delivery of their pay-per-mile
product."

- 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 & Broker)       Tel: +44 (0) 20 7614 5900
 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, Parts Alliance, Direct
Line Group, ByMiles 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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