Warning  Please take our Crypto Currency survey here
London South East Logo | UK Share Price information

Email Facebook Twitter

Trakm8 Hldgs Regulatory News (TRAK)

Regulatory News for Trakm8 Hldgs (TRAK)

Share Price: 110.00Bid: 105.00Ask: 115.00Change: 1.50 (+1.38%)Riser - Trakm8 Hldgs
Spread: 10.00Spread as %: 9.52%Open: 108.50High: 0.00Low: 0.00Yesterday’s Close: 108.50

Contract win

Wed, 24th May 2017 07:00

RNS Number : 0136G
Trakm8 Holdings PLC
24 May 2017

24 May 2017



("Trakm8" or the "Group")


Roadside Assistance Technology Company Awards Trakm8 Telematics Contract



Trakm8, the AIM-listed telematics and data provider, is pleased to announce it has been awarded an initial contract by a roadside assistance technology company, to supply devices and data.


The initial contract includes a number of devices for the initial launch, along with integration engineering fees.


The contract is for launch in July 2017 to the customer's roadside assistance partners in Europe.  The initial focus will be in the UK and Holland. It is expected that the solution will be extended to other European markets in due course.


Trakm8 will provide its latest generation Connect 300 plug in telematics device. Data supplied will be from the Trakm8connectedcare solution to monitor the vehicle health and usage based on Trakm8's extensive automotive diagnostic knowledge.



John Watkins, Executive Chairman of Trakm8 commented: 

"We are delighted to win another customer for Trakm8's automotive telematics solutions. We have been providing telematics on extended trial with our Trakm8connectedcare product for about 12 months. It is also encouraging that this solution is expected to be offered in multiple countries.


"This contract is expected to be a significant one and provides additional visibility for our expectations for this financial year and beyond."





For further information please contact:


Trakm8 Holdings plc

+44 (0) 174 785 8444

John Watkins, Executive Chairman

James Hedges, Finance Director

finnCap (Nomad and broker)

+44 (0) 20 7220 0500

Ed Frisby / Simon Hicks - corporate finance

Tim Redfern / Richard Chambers - corporate broking

MHP Communications

+44 (0) 20 3128 8100

Reg Hoare

Charlie Barker


About Trakm8

Trakm8 is a UK based technology leader in fleet management, insurance telematics, optimisation and dashboard camera systems. Through IP owned technology, the Group analyses data collected by its installed base of telematics units to fine tune the algorithms that are used to produce its telematics based solutions; these score driver behaviour, monitor vehicle health and continuously improve the security and operational efficiency of both private drivers and company fleets.


The Group's product portfolio includes cameras (including the recently launched integrated telematics camera), self-installed telematics units and technology to eliminate distracted driving due to mobile phones, and it has over 191,000 installed units reporting to its servers. 


Headquartered in Dorset with a manufacturing facility in the West Midlands, the Group supplies, through its dedicated business units Fleet, Optimisation, Insurance and Automotive, many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Direct Line Group and Young Marmalade.


Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.


www.trakm8.com / @Trakm8


The information communicated in this announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

This information is provided by RNS
The company news service from the London Stock Exchange

Related Shares:
Trakm8 Holdings (TRAK)

02-Jan-18 09:22RNSHolding(s) in CompanyHolding(s) in Company
04-Dec-17 11:04RNSDirector/PDMR ShareholdingDirectors' Dealings
27-Nov-17 14:02RNSIssue of Options, Exercise of Options and TVRHolding(s) in Company
27-Nov-17 07:00RNSHalf-year ResultsResults and Trading Reports
23-Oct-17 07:00RNSTrading Update and Notice of ResultsCompany Announcement - General
06-Sep-17 11:49RNSResult of AGMResults and Trading Reports
06-Sep-17 07:00RNSAGM Statement and Trading UpdateResults and Trading Reports
31-Aug-17 11:30RNSDirectorate ChangeExecutive Changes
31-Aug-17 07:00RNSIntelematics Concludes Telematics Supply ContractCompany Announcement - General
11-Aug-17 13:01RNSDirector/PDMR ShareholdingDirectors' Dealings
11-Aug-17 07:00RNSNotice of AGM & Technology Roadshow for InvestorsResults and Trading Reports
08-Aug-17 07:00RNSContract winCompany Announcement - General
04-Jul-17 14:00RNSIssue of OptionsDirectors' Dealings
03-Jul-17 07:00RNSFinal ResultsResults and Trading Reports
07-Jun-17 07:00RNS-RContract Extension with ShellCompany Announcement - General
01-Jun-17 13:08RNSPDMR ShareholdingDirectors' Dealings
30-May-17 07:00RNS-RMecalac awards Trakm8 telematics contractCompany Announcement - General
31-May-17 07:00RNSContract ExtensionCompany Announcement - General
24-May-17 07:00RNSContract winCompany Announcement - General
03-May-17 07:00RNSContract ExtensionCompany Announcement - General
28-Apr-17 07:00RNSTrading StatementResults and Trading Reports
07-Apr-17 07:00RNSDirector/PDMR ShareholdingDirectors' Dealings
06-Apr-17 09:40RNSDirector/PDMR ShareholdingDirectors' Dealings
04-Apr-17 07:00RNS-RContract ExtensionCompany Announcement - General
31-Mar-17 07:00RNSAppointment of Deputy ChairmanExecutive Changes
14-Mar-17 10:54RNSHolding(s) in CompanyHolding(s) in Company
10-Mar-17 08:15RNSDirector Shareholdings & Total Voting RightsDirectors' Dealings
03-Mar-17 12:58RNSCompletion of Capital RaisingCompany Announcement - General
03-Mar-17 07:00RNSProposed Capital RaisingCompany Announcement - General
21-Feb-17 09:43RNSDirector/PDMR ShareholdingCompany Announcement - General

Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk

Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.