REG - Trakm8 Holdings PLC - Contract Award & Contract Extension

Trakm8 HoldingsAnnouncement

25/06/2024 07:00

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RNS Number : 6796T  Trakm8 Holdings PLC  25 June 2024

25 June 2024

 

Trakm8 Holdings plc

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

Contract Award & Contract Extension

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight
provider, is pleased to advise that the Company has been awarded both an
additional new contract and a contract extension with Iceland Foods.

 

Under the new contract Trakm8 will develop a Phase 2 additional feature set
for the Iceland Scheduler home delivery solution. This is built on the Trakm8
Insight AI Optimisation platform. Trakm8 and Iceland won the Delivery Solution
of the Year award for the Iceland Scheduler at the Retail Systems Awards last
week. Since the introduction of the Iceland Scheduler in Autumn 2023
significant operational improvements have been made as well as more delivery
slots being available to Iceland customers through the improved optimisation
and capacity management capabilities.

 

In addition, Iceland and Trakm8 have extended the current contract to March
31(st) 2028.

 

John Watkins, Trakm8's Executive Chairman commented: "We are delighted to
extend the scope and duration of the solutions we provide to Iceland Foods
having been working closely together for over 10 years."

 

- 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, 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 275,000 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, Stark, EON, Iceland Foods, Sainsbury's, GSF, Direct Line
Group, Ticker and Freedom Group.

 

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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