RCS - Trakm8 Holdings PLC - Contract Award

Trakm8 HoldingsAnnouncement

28/03/2023 07:15

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RNS Number : 3634U  Trakm8 Holdings PLC  28 March 2023

 

REACH - non-regulatory announcement

28 March 2023

Trakm8 Holdings plc

("Trakm8", the "Group" or the "Company")

Contract Award

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight
provider is pleased to announce that the Company has been awarded a new
contract with Howden Driving Data ("Howden").

Under the terms of this contract Trakm8 will provide devices and data to
Howden.  The contract is for a term of three years and has no guaranteed
and/or minimum value.

Howden Driving Data is the global centre of excellence for telematics
technologies providing Insurtech solutions to the Howden Group and its
partners.  Howden manage in excess of £30bn in premiums, employ over 14,000
people and hold offices in more than 45 countries.

Trakm8's Executive Chairman, John Watkins, said: "We are delighted to secure a
new contract with Howden and are excited to be joining them on their journey
of expansion across the Howden Group companies."

 

- 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/Vivek Bhardwaj, Corporate Finance                     www.allenbycapital.com

Tony Quirke/Joscelin Pinnington, Sales and 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 318,000 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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