Trakm8 Holdings PLC Contract Award
22 Março 2022 - 4:01AM
RNS Non-Regulatory
TIDMTRAK
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 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, 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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(END) Dow Jones Newswires
March 22, 2022 03:01 ET (07:01 GMT)
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