Trakm8 Holdings PLC Iceland Foods Awards Contract Extension (6881U)
March 30 2023 - 2:00AM
UK Regulatory
TIDMTRAK
RNS Number : 6881U
Trakm8 Holdings PLC
30 March 2023
30 March 2023
Trakm8 Holdings plc
("Trakm8", the "Group" or the "Company")
Iceland Foods Awards Telematics and Optimisation Contract
Extension
Trakm8 Holdings plc (AIM: TRAK), the global telematics and data
insight provider today is pleased to announce that the Company has
been awarded a contract extension with Iceland Foods Limited
("Iceland").
Under this contract extension the contract now extends to 31
March 2027.
Trakm8 provides full optimisation and integrated
camera/telematics solutions. Under this contract extension Iceland
will move onto the Trakm8 Insight platform thereby gaining access
to Trakm8's other integrated services including connected care,
crash notification & reconstruction and vehicle checks. A wide
number of customer specific enhancements have been developed over
the past twelve months to significantly improve Iceland's
operational efficiency.
John Watkins, Trakm8's Executive Chairman commented: "As 'Route
Monkey', Trakm8 has been contracted with Iceland since July 2013.
This contract was extended in February 2016 and subsequently in
August 2017. This recent contract extension reflects the hard work
being done by both Iceland and Trakm8 to build a market leading
home delivery solution. It is an important part of our current and
future years' Fleet revenues and part of current market
expectations."
- Ends -
For further information:
Trakm8 Holdings plc
John Watkins, Executive Chairman Tel: +44 (0) 1675 434 200
Jon Edwards, Chief Financial Officer www.trakm8.com
Allenby Capital Limited (Nominated Tel: +44 (0)20 3328 5656
Adviser & Broker)
David Hart/ Vivek Bhardwaj, Corporate www.allenbycapital.com
Finance
Tony Quirke/ Joscelin Pinnington Sales
and 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 318,000 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,
Sainsbury's, Saint Gobain, EON, Iceland Foods, GSF, Direct Line
Group, Ticker and Howden.
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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