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- This share is currently suspended. It was suspended at a price of 9.25
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Trakm8 Secures Bluetooth Device Order From US Data Company
LONDON (Alliance News) - Telematics company Trakm8 Holdings PLC on Thursday said it has secured a deal with an unnamed US-based data company to supply its T10 BLE device.
The Bluetooth device communicates with mobile phones to relay real-time journey data.
The new client is expected to buy more than 25,000 devices in the first two years of the contract agreement. No financial details were disclosed.
"We are delighted to be working with this major customer to provide technology to the North American insurance market. Considerable engineering investment has been required to create an enhanced product with tremendous potential which can be utilised both in North America and elsewhere," said Executive Chairman John Watkins.
Shares in Trakm8 were up 8.4% on the news to 244.00 pence, one of the best performers in the AIM All-Share in early trade.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
Latest TRAK News
- UK shareholder meetings calendar - next 7 days
12 Jun 2025 - Trakm8 shares triple as agrees terms for takeover by Brillian UK
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19 Mar 2025 - LONDON MARKET MIDDAY: FTSE 100 lower; New York to rise before Fed
19 Mar 2025 - AIM WINNERS & LOSERS: Trakm8 reduces outlook as contract falls through
19 Mar 2025 - Trakm8 shares tumble as interim earnings fall short of expectations
5 Dec 2024 - IN BRIEF: Trakm8 announces two-year extension to Sainsbury's contract
11 Oct 2024 - Trakm8 secures Sainsbury's contract extension
11 Oct 2024
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