RCS - Trakm8 Holdings PLC - Contract Award

Trakm8 HoldingsAnnouncement

22/03/2022 07:16

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RNS Number : 5010F  Trakm8 Holdings PLC  22 March 2022

 
22 March 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
Adiona Technologies to provide data and devices for Adiona's insurance
propositions. The partnership will also see Trakm8 and Adiona working
alongside Duck Creek Technologies and World Programming.

Initial analysis of the Trakm8 journey data,  confirms the level of detail
and real-time frequency  will support Adiona's  4 core pillars of;  Pricing
and Selection, Risk Pool Management, Crash and Claim and Customer Engagement.

This contract is expected to commence writing insurance policies in Autumn
2022.

John Watkins, Executive Chairman, commented: "We are delighted to be working
with Adiona as they launch their highly innovative AI based telematics
insurance products. Adiona aim to disrupt the insurance market with their
approach to telematics based solutions with a customer centric focus being a
key driver."

Paul Harvey, CEO of Adiona Technologies said "We have already experienced
Trakm8's agile and responsive support in preparing early prototypes and look
forward to creating exciting solutions together."

- Ends -

 

For further information:

 Trakm8 Holdings plc
 John Watkins, Executive Chairman                      Tel: +44 (0) 167 543 4200
 Jon Edwards, CFO                                      www.trakm8.com

 Arden Partners plc (Nominated Adviser & Broker)       Tel: +44 (0) 20 7614 5900
 Paul Shackleton, Corporate Finance                    www.arden-partners.com

 Simon Johnson, 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 255,000 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, Parts Alliance, Direct
Line Group, ByMiles 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 / @Trakm8

 

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