REG - Trakm8 Holdings PLC - Sainsbury’s Awards Optimisation Contract Extension

Trakm8 HoldingsAnnouncement

29/03/2023 07:00

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RNS Number : 5363U  Trakm8 Holdings PLC  29 March 2023

 

29 March 2023

Trakm8 Holdings plc

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

Sainsbury's Awards 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 JS information Services Ltd ("Sainsbury's").

The original contract award was announced on 3 July 2020 as being with "a
major UK food retailer". Under this contract extension the contract now
extends to 31 December 2024 with an option granted to Sainsbury's to extend
for one further year to 31 December 2025.

Trakm8 provides slot booking and delivery scheduling / route optimisation
algorithm services via its API into Sainsbury's integrated home delivery
solution (Groceries online). The combined solution has improved efficiency by
over 10% and is generating increased home delivery order capacity alongside
operational savings and has enabled a reduction in carbon emissions from the
delivery fleet.  The solution allows for greater flexibility for Sainsbury's
to innovate further in this space.  This Christmas, Sainsbury's was able to
open its home delivery slots for the festive period 10 weeks before the
delivery date - a first for the retailer thanks to this partnership.

John Watkins, Trakm8's Executive Chairman commented: "This contract extension
highlights the great work that Sainsbury's and Trakm8 have collaborated on to
deliver an excellent home delivery solution. It is an important part of our
current and future years' Fleet revenues."

 

- 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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