RCS - Trakm8 Holdings PLC - Contract Extension

Trakm8 HoldingsAnnouncement

29/03/2022 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:20220329:nRSc2302Ga&default-theme=true

RNS Number : 2302G  Trakm8 Holdings PLC  29 March 2022

 

 

29 March 2022

Trakm8 Holdings plc

("Trakm8", the "Group" 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 Drvn (previously
Intelematics Europe) has been extended for a further three years.

In addition, the contract has been extended for Trakm8 to provided further
services and support.

Drvn is a joint venture between several roadside assistance companies in
Europe and provides connected car technology that is underpinned with devices
and data from Trakm8.

John Watkins, Executive Chairman, commented: "The contract with Drvn has been
in place for four years and it is pleasing to extend the scope and duration of
the contract. We hope that now lockdowns are behind us that take up of connect
car policies with the various European clubs will increase."

- Ends -

 

For further information:

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

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

 

www.trakm8.com (http://www.trakm8.com) / @Trakm8

 

About Reach announcements

This is a Reach announcement. Reach is an investor communication service
aimed at assisting listed and unlisted (including AIM quoted) companies to
distribute non-regulatory news releases into the public domain. Information
required to be notified under the AIM Rules for Companies, Market Abuse
Regulation or other regulation would be disseminated as an RNS regulatory
announcement and not on Reach.

 

 

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

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  NRAKZGZFLRMGZZG