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Pin to quick picksTrakm8 Hldgs Regulatory News (TRAK)

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Government Grant

11 Mar 2008 07:00

Trakm8 Holdings PLC11 March 2008 Embargoed until 0700h, Tuesday 11 March 2008 TRAKM8 HOLDINGS PLC ("Trakm8" or "the Company") Future Intelligent Transport Systems - Project Freeflow Trakm8, (AIM: TRAK), one of the UK's leading telematics technology and serviceproviders to the global vehicle tracking and security markets, is pleased toannounce that it has been awarded £354,000 grant funding by the TechnologyStrategy Board (TSB), (formerly part of the Department of Trade & Industry) tobe an Industry Partner in the Future Intelligent Transport Systems - FreeflowProject (Freeflow). Trakm8 has observed developments in government legislation and other regionalinitiatives over the last few years, with a particular interest in road tolling,congestion charging and vehicle workplace safety. Freeflow is a collaborativeprogramme which aims to develop tools for managing and optimising road networksand at the same time informing and guiding travellers around these networks.This project places Trakm8 in a position to extend the reach of telematicsthrough the accelerated development of new data management software and serverarchitectures developed for the needs of transport network managers and usersalike. Trakm8 believes that there is strong potential for early exploitation ofelements of the project, particularly in the data management software areas. Freeflow is a £5.1m three year collaborative programme consisting of developmentresources, hardware and associated costs, with total grant funding of £3.1mcash. The programme will be undertaken in collaboration with Transport forLondon and City of York Council who will demonstrate the innovation provided byTrakm8, ACIS, Kizoom, Mindsheet, QinetiQ, Imperial College London, LoughboroughUniversity and the University of York. TSB grant funding will contribute 60% ofthe total industry partner programme costs whilst Trakm8's contribution to theproject will consist of development resources backed by its intellectualproperty knowledge and application experience. This grant brings the totalproject grant funding awarded to Trakm8 to £1.45m over the next three years. Cary Knapton, CEO of Trakm8 added: "Trakm8 is delighted to play a key role inthis programme, which brings together leading industry players in our sectorwith academia and major transport data users. Trakm8 looks forward to thisexciting challenge which will enable us to participate in market and industryopportunities at a faster pace than originally envisaged. Trakm8 looks forwardto working closely with our programme partners and the TSB to help meet theincreasing challenges facing road users now and in the future." -ends- For further information please contact: Trakm8 Holdings PLC 0870 380 0531Cary Knapton, Chief Executive Officer Tim Couling, Finance Director Arbuthnot Securities 020 7012 2000Paul Vanstone Tavistock Communications 020 7920 3150Simon HudsonPaul Youens About Trakm8 Trakm8, based in Shaftesbury, Dorset is a leading technology designer, developerand provider of hardware and software to the vehicle tracking and securitymarket. The Company distributes its hardware and software worldwide through anetwork of distributors. In addition, the Company provides ASP vehiclemonitoring and tracking services direct to the B2B market. Trakm8's productsallow vehicles and drivers to be monitored, allowing organisations to managedeliveries and services, or track stolen vehicles down to 5 metres. This information is provided by RNS The company news service from the London Stock Exchange
Date   Source Headline
3rd Apr 20247:00 amRNSTrading Update, Contract Extension & CLNs Issue
22nd Mar 20247:00 amRNSTrading update
24th Nov 20237:00 amRNSHalf-year Report
15th Nov 20239:37 amRNSDirectorate Change
7th Nov 20239:46 amRNSHolding(s) in Company
21st Sep 202311:13 amRNSResult of Annual General Meeting (AGM)
21st Sep 20237:00 amRNSAGM Statement & Trading Update
25th Aug 20237:00 amRNSNotice of AGM and Capital Markets Day
7th Jul 202311:18 amRNSAward of options
4th Jul 20237:00 amRNSFinal Results
25th Apr 20237:00 amRNSYear End Trading Update
20th Apr 20237:00 amRNSContract Award
30th Mar 20237:00 amRNSIceland Foods Awards Contract Extension
29th Mar 20237:00 amRNSSainsbury’s Awards Optimisation Contract Extension
28th Mar 20237:00 amRNSContract Award
22nd Feb 20237:00 amRNSCapital Markets Day
15th Dec 20228:05 amRNSAward of Options
8th Dec 20227:00 amRNSHalf Year Results
28th Nov 202211:58 amRNSDirector Dealing
22nd Sep 202210:46 amRNSResult of Annual General Meeting (AGM)
22nd Sep 20227:00 amRNSAGM Statement & Trading Update
14th Sep 20228:00 amRNSTrading and Strategy Update and Issue of CLN
18th Aug 20227:00 amRNSNotice of AGM
22nd Jul 20227:00 amRNSCompletion of Nominated Adviser due diligence
6th Jul 20227:00 amRNSContract Award
29th Jun 20227:00 amRNSFinal Results
27th Apr 20222:00 pmRNSChange of Nominated Adviser and Broker
26th Apr 20227:00 amRNSTrading Update
29th Mar 20227:00 amRNSContract Extension
22nd Mar 20227:00 amRNSContract Award
18th Mar 20227:00 amRNSContract Extension
2nd Dec 20217:00 amRNSContract Award
19th Nov 20213:57 pmRNSAward of Options
16th Nov 20217:00 amRNSHalf Year Results and Director Change
1st Oct 20217:00 amRNSAppointment of Director
27th Sep 20217:00 amRNSAward of Green Economy Mark
23rd Sep 202111:00 amRNSResult of Annual General Meeting (AGM)
23rd Sep 20217:00 amRNSAGM Statement & Trading Update
19th Aug 20212:33 pmRNSNotice of Annual General Meeting
13th Jul 20217:00 amRNSAward of options
12th Jul 20217:00 amRNSDirectorate Change
29th Jun 20217:00 amRNSFinal Results
22nd Jun 20217:00 amRNSNotice of Results
28th Apr 20217:00 amRNSYear End Trading Update
12th Mar 20217:00 amRNSDirector Dealings
25th Feb 20217:00 amRNSContract Award and Trading Update
30th Nov 20207:00 amRNSIssue of Options
23rd Nov 20207:00 amRNSHalf-Year Results
17th Sep 202010:00 amRNSResult of AGM
17th Sep 20207:00 amRNSChairman's Statement

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