Last checked at 9 Sep 2015 10:45
Trakm8 Holdings plc
("Trakm8", the "Group" or the "Company")
Result of AGM
Trakm8 Holdings plc, the AIM listed telematics and data supplier to global markets, is pleased to announce that at its Annual General Meeting held earlier today, the notice of which is available at the Group's website www.trakm8.com, all resolutions were duly passed.
For further information please contact:
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Trakm8 Holdings plc | +44 1747 858444 |
John Watkins, Executive Chairman James Hedges, Finance Director  | |
MHP Communications (Financial PR to Trakm8) | +44 20 3128 8100 |
Reg Hoare / Jade Neal  | |
finnCap (Nomad & Broker to Trakm8) | +44 20 7220 0500 |
Ed Frisby / Simon Hicks - corporate finance Jo Weaving - corporate broking |
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About Trakm8
Trakm8, the M2M telematics company using Big Data analytics to improve driver behaviour is a leading technology designer, developer and manufacturer of telematics products and solutions.
The Group, based in Shaftesbury, Dorset, distributes its hardware and software through a network of distributors worldwide. In addition the Group provides vehicle monitoring and tracking services direct to the B2B market. Trakm8's IP owned products and services allow vehicles and drivers to be monitored, allowing organisations to manage deliveries and services, or track stolen vehicles down to five metres.
In June 2015, the Group acquired the business and assets of DCS Ltd, who specialise in the design and distribution of camera systems for the motor vehicle, bicycle and security markets. This further strengthens Trakm8's offering into the Telematics marketplace, with the acquisition based on the market's demand for forward facing vehicle cameras to record driving incidents and mitigate the risk from "crash to cash" accidents.Â
Trakm8's most recent generation of hardware is the T10 product range, which includes a self-install telematics device. The Group's services also include a driver behaviour management solution that reduces fuel consumption by 10% or more and reduces the risk of accidents. This is complemented by a logistics routing and scheduling package, integrated tachograph data reporting facilities, and the ability to read vehicle DTCs (Diagnostic Trouble Codes) reducing serviceability downtime. The Group's customers include the AA, St Gobain, EON, Direct Line Group, & Young Marmalade.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.
www.trakm8.com / @Trakm8
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