RCS - Trakm8 Holdings PLC - Contract Award

Trakm8 HoldingsAnnouncement

06/07/2022 07:00

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RNS Number : 4198R  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 (http://www.trakm8.com/)

 Allenby Capital Limited (Nominated Adviser & Broker)      Tel: +44 (0) 20 3328 5656
 David Hart/Liz Kirchner, Corporate Finance                www.allenbycapital.com

 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 (http://www.trakm8.com/) / @Trakm8

 

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