RCS - Trakm8 Holdings PLC - Contract Extension

Trakm8 HoldingsAnnouncement

18/03/2022 07:16

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RNS Number : 1824F  Trakm8 Holdings PLC  18 March 2022

 
18 March 2022

 

 

 Trakm8 Holdings plc

('Trakm8' or the 'Company')

 

 

Contract Extension

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight
provider is pleased to announce that its contract with Ingenie Limited
("Ingenie") has been extended for a further three years.

In addition, the contract has been broadened for Trakm8 to provide additional
self-fit telematic devices.

Ingenie is one of the leading Insurance technology providers using telematic
derived data to improve driver risk with innovative driver coaching
techniques.

John Watkins, Executive Chairman, commented: "The contract with Ingenie has
been in place for three years and it is pleasing to extend the scope and
duration. We are pleased to continue our association with Ingenie as the
market recovers from Covid."

- 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, 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 / @Trakm8

 

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