Announcement
Trakm8 Holdings PLC : Contract win
RNS Number : 3389N
Trakm8 Holdings PLC
08 August 2017
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Trakm8 Awarded Calor Gas UK Integrated Telematics Supply Contract
Trakm8, the AIM quoted telematics and data provider to the global market place, is pleased to announce it has been awarded a five year contract by Calor Gas UK in conjunction with its reseller partner Dakota Integrated Solutions (www.dakotais.co.uk), to supply the RoadHawk 600 integrated camera and telematics solution with tachograph download, driver behaviour and data analytics.
The contract is valued at in excess of £1.3m and the units will be deployed during 2017.
John Watkins, Executive Chairman of Trakm8 commented:
"We are delighted to be awarded this contract with Calor. It is another major customer to move forward with our latest integrated camera and telematics proposition and it provides additional visibility for current year revenues and profitability."
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For further information please contact:
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Trakm8 Holdings plc |
+44 (0) 174 785 8444 |
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John Watkins, Executive Chairman |
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James Hedges, Finance Director |
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finnCap (Nomad and broker) |
+44 (0) 20 7220 0500 |
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Ed Frisby / Simon Hicks - corporate finance |
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Tim Redfern / Richard Chambers - corporate broking |
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MHP Communications |
+44 (0) 20 3128 8100 |
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Reg Hoare / Charlie Barker |
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About Trakm8
Trakm8 is a UK based Big Data company supplying telematics-based solutions and data insight to the global market. Through IP owned technology, The Group analyses billions of miles worth of data to create and fine tune algorithms. These are used to produce telematics based solutions that score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiency of both private drivers and company fleets.
The Group's product portfolio includes cameras (including the recently launched integrated telematics camera), self-installed telematics units and technology to eliminate distracted driving due to mobile phones.
Headquartered in Dorset with a manufacturing facility in the West Midlands, the Group supplies, through its dedicated business units Fleet, Optimisation, Insurance and Automotive, many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Direct Line Group and Young Marmalade.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.
www.trakm8.com / @Trakm8
The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
This information is provided by RNS
The company news service from the London Stock Exchange
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