Category Label

Client Announcements

Trakm8 Holdings PLC : Contract Award

  •   22 March 2022

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



Arden Partners plc  (Nominated Adviser & Broker)

Tel: +44 (0) 20 7614 5900

Paul Shackleton, Corporate Finance

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. / @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 [email protected] or visit

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.