REG - Trakm8 Holdings PLC - Iceland Foods Awards Contract Extension

Trakm8 HoldingsAnnouncement

30/03/2023 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230330:nRSd6881Ua&default-theme=true

RNS Number : 6881U  Trakm8 Holdings PLC  30 March 2023

 

30 March 2023

Trakm8 Holdings plc

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

Iceland Foods Awards Telematics and Optimisation Contract Extension

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight
provider today is pleased to announce that the Company has been awarded a
contract extension with Iceland Foods Limited ("Iceland").

Under this contract extension the contract now extends to 31 March 2027.

Trakm8 provides full optimisation and integrated camera/telematics solutions.
Under this contract extension Iceland will move onto the Trakm8 Insight
platform thereby gaining access to Trakm8's other integrated services
including connected care, crash notification & reconstruction and vehicle
checks. A wide number of customer specific enhancements have been developed
over the past twelve months to significantly improve Iceland's operational
efficiency.

John Watkins, Trakm8's Executive Chairman commented: "As 'Route Monkey',
Trakm8 has been contracted with Iceland since July 2013. This contract was
extended in February 2016 and subsequently in August 2017. This recent
contract extension reflects the hard work being done by both Iceland and
Trakm8 to build a market leading home delivery solution. It is an important
part of our current and future years' Fleet revenues and part of current
market expectations."

 

- 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, Sainsbury's, Saint Gobain, EON, Iceland Foods, GSF, Direct
Line Group, Ticker and Howden.

 

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

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTPPUUCWUPWGMB