Trakm8 Hldgs Regulatory News (TRAK)

TRAKM8 HOLDINGS PLC

("Trakm8" or the "Group")

Trakm8 sign contract with Bibby Distribution

Trakm8, the AIM-listed telematics and data provider to the global market place, is pleased to announce it has been awarded a contract by Bibby Distribution, part of the Bibby Line Group. The contract is valued at c.£1.1 million and will see Trakm8 supply Bibby's fleet with a tailored Fleet Management Solution powered by its' UK manufactured T8 mini device. As part of the five year contract Trakm8 will also supply bespoke Engineering Services to integrate the SWIFT 6 platform into ESSL, Bibby's workflow management software platform.

Bibby Distribution was established over 30 years ago and with locations throughout the UK it is one of the UK's leading logistics providers. The contract between Trakm8 and Bibby Distribution will strengthen the Group's presence in this sector.

John Watkins, Executive Chairman of Trakm8 comments: 

"We are delighted to have Bibby Distribution as a new Trakm8 customer. We have great confidence in our UK manufacturing capabilities, and also carry out all design and development in house, as well as owning the IP. This means the product portfolio we offer our clients enables us to tailor solutions according to their individual needs, making us a flexible and efficient partner to work with.

"This is another significant order for Trakm8's telematics devices and integration services, and we continue to have a strong pipeline of opportunities."

Nigel Tullett, Corporate Strategic and Development Director of Bibby Distribution comments: "The use of technology to improve asset utilisation and security helps Bibby provide a market leading service to our customers. The Trakm8 solution helps us stay ahead in a highly competitive market place"

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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.

Trakm8's most recent generation of hardware is the T10 product range, which includes a self-instal 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

About Bibby Distribution

As one of the top ten logistics providers in the UK, Bibby Distribution exists to enable other companies to drive value from their supply chain activities. The company specialises in providing contract logistics, warehousing, distribution, systems integration and added value services to a wide range of customers.

Bibby Distribution operates from 90 locations across the UK, employs 2,500 people and manages 2 million ft² of warehousing space.

The majority of Bibby Distribution's business is based on long-term partnerships. Its diverse capability also means it can share best practice across the various industry sectors it operates in, from Automotive to FMCG.

The company is part of the £1.6bn-turnover Liverpool-based Bibby Line Group, a 200 year old family owned business-to-business services specialist. It is involved in ship-owning and operation, shallow water accommodation, offshore oil and gas services, contract logistics, financial services, memorial parks, employment law, health & safety advisory services, specialist plant & equipment hire and retail.