LONDON (Alliance News) - Trakm8 Holdings PLC, the AIM-listed telematics and data provider, on Tuesday said it won an initial four-year contract by utility company ScottishPower, part of Iberdrola Group, to provide fleet tracking and driver behaviour services for 1,608 vehicles.
In a statement, Trakm8 said vehicle hardware installation will take place during the second half of 2016.
"We have been providing telematics to major fleets for many years but this is the first major customer for our full function T10 product and Swift 6 driver profiling. This contract provides additional visibility for our expectations for the current financial year," John Watkins, executive chairman of Trakm8, said in a statement.
John Moore, vehicle maintenance manager of ScottishPower, said: "We undertook a rigorous supplier selection process and are pleased to have selected, what we believe, to be the best value telematics solution for ScottishPower."
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright 2016 Alliance News Limited. All Rights Reserved.
Trakm8 Hldgs (TRAK)