Announcement
Trakm8 Holdings PLC : Contract Award
RNS Number : 2896U
Trakm8 Holdings PLC
02 December 2021
REACH 02 December 2021
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Trakm8 Holdings plc
('Trakm8' or the 'Company')
Contract Award
TRAKM8 HOLDINGS PLC AWARDED CONTRACT WITH TICKER LIMITED TO SUPPORT DELIVERY OF PAY-PER-MILE INSURANCE PROPOSITION
Trakm8 Holdings plc (AIM: TRAK), the recognised leader in technology solutions for insurance telematics, connected car data and fleet management, is pleased to announce that the Company has been awarded a contract with Ticker Limited to provide the data management solutions and devices for their pay-per-mile offering, which will be launched early in the new year.
Trakm8's real-time vehicle sensor car data will complement Ticker's pricing sophistication and data capabilities, with an initial contract term of three years.
John Watkins, Executive Chairman, commented: "Ticker is one of the UK's fastest-growing motor insurtechs, and we are pleased to partner with them following a competitive trial process. We are looking forward to working with the team at Ticker and supporting the delivery of their pay-per-mile product."
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For further information:
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Trakm8 Holdings plc |
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John Watkins, Executive Chairman |
Tel: +44 (0) 167 543 4200 |
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Jon Edwards, CFO |
www.trakm8.com |
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Arden Partners plc (Nominated Adviser & Broker) |
Tel: +44 (0) 20 7614 5900 |
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Paul Shackleton, Corporate Finance Simon Johnson, Corporate Broking |
www.arden-partners.com |
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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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