Trakm8 Hldgs Regulatory News (TRAK)

15 Dec 2006 07:58

Trakm8 Holdings PLC15 December 2006 Embargoed until 7am 15 December 2006 TRAKM8 HOLDINGS PLC ("Trakm8" or "the Group") TRAKM8 SWIFT (TM) EXTENDS GLOBAL FOOTPRINT Trakm8 Holdings PLC, the leading technology provider, designer and developer of GPRS based hardware and software to the vehicle tracking and security market, today has agreed an exclusive 12-month contract with its existing strategic partner, SmartSurv Wireless, based in South Africa to provide its new Trakm8 SWIFT (TM) (Simple Web Interface For Tracking) international package throughout Africa. SmartSurv Wireless (Pty) Ltd, a subsidiary of Louis Group (SA) Ltd, is a leadingsupplier of cost effective and technologically advanced Fleet Management, AssetTracking and Recovery solutions to the corporate, SME and the consumerenvironment. Trakm8 will provide the Trakm8 SWIFT (TM) STREAM server-based ASP architecture on SmartSurv's servers based in offices in Cape Town, South Africa. The contract is Trakm8's first international Trakm8 SWIFT (TM) deal in Africa and is an important strategic development for the Group. The committed minimum revenue of the deal is in excess £0.5million GBP will have a positive impact on the Group's operating profit. The time investment by both parties in this deal expects to realise revenues well in excess of the committed minimum revenues. The Trakm8 SWIFT (TM) international package is both a hardware and software solution offering a comprehensive and cost effective bundled telematics solution. Trakm8's STREAM ASP architecture allows customers to overcome language barriers, time zone complications and offers rich web based reporting services in any country where GPRS services are provided by network operators. The initial collaboration between Trakm8 and SmartSurv focused on commercialvehicle surveillance and tracking devices to test the reliability, robustnessand efficiency of the joint product offering. Now the combined professional andtechnical skills of Trakm8 and SmartSurv Wireless make it possible to design,implement and manage customised products and services in almost any asset class. Cary Knapton, CEO of Trakm8, commented, "This partnership is a further stepforward in Trakm8's goal to be a global player in the Telematics industry andour long standing relationship with SmartSurv Wireless will allow us toaccelerate and execute our plan." Dean Louis, CEO of SmartSurv Wireless, commented, "We were drawn to Trakm8because they share a similar passion to understand and meet customer's needs. Wecontinue to invest significantly in research and development to ensure ourposition as an innovator and market leader." (TM) Trade Mark - ends - For further information please contact: Trakm8 Holdings plc 01747 858 444Cary Knapton, Chief Executive OfficerTim Couling, Finance Director Tavistock Communications 0207920 3150Simon Hudson or 07966477256Vicky Watkins About Trakm8Trakm8, based in Shaftesbury, Dorset is the leading technology provider,designer and developer of GPRS based hardware and software to the vehicletracking and security market. The Company distributes its hardware and softwareworldwide through a network of distributors. In addition the Company providesASP vehicle monitoring and tracking services direct to the B2B market. Trakm8'sproducts allow vehicles and drivers to be monitored, allowing organisations tomanage deliveries 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