Announcement

2
DECEMBER
2021


Category Label


Client Announcements

Trakm8 Holdings PLC : Contract Award

  •  
  •   02 December 2021

RNS Number : 2896U

Trakm8 Holdings PLC

02 December 2021

 

REACH  02 December 2021

 

 

 

 Trakm8 Holdings plc

('Trakm8' or the 'Company')

 

 

Contract Award

 TRAKM8 HOLDINGS PLC AWARDED CONTRACT WITH TICKER LIMITED TO SUPPORT DELIVERY OF PAY-PER-MILE INSURANCE PROPOSITION

   Trakm8 Holdings plc (AIM: TRAK), the recognised leader in technology solutions for insurance telematics, connected car data and fleet management, is pleased to announce that the Company has been awarded a contract with Ticker Limited to provide the data management solutions and devices for their pay-per-mile offering, which will be launched early in the new year.

  Trakm8's real-time vehicle sensor car data will complement Ticker's pricing sophistication and data capabilities, with an initial contract term of three years. 

 John Watkins, Executive Chairman, commented: "Ticker is one of the UK's fastest-growing motor insurtechs, and we are pleased to partner with them following a competitive trial process. We are looking forward to working with the team at Ticker and supporting the delivery of their pay-per-mile product."

- Ends -

 

For further information:

Trakm8 Holdings plc

 

John Watkins, Executive Chairman

Tel: +44 (0) 167 543 4200

Jon Edwards, CFO

www.trakm8.com

 

 

Arden Partners plc  (Nominated Adviser & Broker)

Tel: +44 (0) 20 7614 5900

Paul Shackleton, Corporate Finance

Simon Johnson, Corporate Broking

www.arden-partners.com

 

 

 

       

 

About Trakm8

 

Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group uses AI data analytics collected from its installed base of telematics units to fine tune the algorithms that are used to produce its' solutions; these monitor driver behaviour, identify crash events and monitor vehicle health to provide actionable insights to continuously improve the security and operational efficiency of both company fleets and private drivers.

 

The Group's product portfolio includes the latest data analytics and reporting portal (Trakm8 Insight), integrated telematics/cameras/optimisation, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 255,000 connections.

 

Headquartered in Coleshill near Birmingham alongside its manufacturing facility, the Group supplies to the Fleet, Optimisation, Insurance and Automotive sectors to many well-known customers in the UK and internationally including the AA, Saint Gobain, EON, Iceland Foods, Parts Alliance, Direct Line Group, ByMiles and Ingenie.

 

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005. Trakm8 is also recognised with the LSE Green Economy Mark.

 

www.trakm8.com / @Trakm8

 

About Reach announcements

This is a Reach announcement. Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on Reach.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

NRAFSWFWFEFSELE

;