TRAK Trakm8 Holdings Plc

TIDMTRAK

Trakm8 Holdings PLC

18 March 2022

18 March 2022

Trakm8 Holdings plc

('Trakm8' 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 Ingenie Limited ("Ingenie") has been extended for a further three years.

In addition, the contract has been broadened for Trakm8 to provide additional self-fit telematic devices.

Ingenie is one of the leading Insurance technology providers using telematic derived data to improve driver risk with innovative driver coaching techniques.

John Watkins, Executive Chairman, commented: "The contract with Ingenie has been in place for three years and it is pleasing to extend the scope and duration. We are pleased to continue our association with Ingenie as the market recovers from Covid."

- Ends -

For further information:

 
Trakm8 Holdings plc 
John Watkins, Executive Chairman           Tel: +44 (0) 167 543 4200 
Jon Edwards, CFO                                      www.trakm8.com 
 
Arden Partners plc (Nominated Adviser      Tel: +44 (0) 20 7614 5900 
 & Broker) 
Paul Shackleton, Corporate Finance            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 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, GSF, Direct Line Group, Ticker 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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(END) Dow Jones Newswires

March 18, 2022 03:01 ET (07:01 GMT)

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