REG - Trakm8 Holdings PLC - Contract Extension

Trakm8 HoldingsAnnouncement

11/10/2024 07:00

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RNS Number : 8080H  Trakm8 Holdings PLC  11 October 2024

11 October 2024

 

Trakm8 Holdings plc

("Trakm8", the "Group" or the "Company")

Contract Extension

Trakm8 Holdings plc (AIM: TRAK), the global telematics and data insight
provider, is pleased to advise that the Company has been awarded a contract
extension with J Sainsbury's Information Systems Ltd ("Sainsbury's").

 

This contract extension, for two years to 31 December 2026, is for the
Sainsbury's Goods Online ("GOL") delivery solution. This is built on the
Trakm8 Insight AI Optimisation platform algorithms supplied via API. Since the
introduction of the Sainsbury's use of Trakm8 Insight AI algorithms, over
4,000 tons of carbon have been saved each year.

 

John Watkins, Trakm8's Executive Chairman commented, "We are delighted to
extend the duration of the solutions we provide to Sainsbury's having built a
terrific solution together in partnership to give Sainsbury's customers the
best possible experience from the GOL platform."

 

- Ends -

 

 

For further information:

 Trakm8 Holdings plc
 John Watkins, Executive Chairman                           Tel: +44 (0) 1675 434 200
 Jon Edwards, Chief Financial Officer                       www.trakm8.com (http://www.trakm8.com/)

 Allenby Capital Limited (Nominated Adviser & Broker)       Tel: +44 (0)20 3328 5656
 David Hart / Vivek Bhardwaj, Corporate Finance             www.allenbycapital.com

Tony Quirke, Sales and Corporate Broking

 

 

 

 

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 275,000 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, Stark, EON, Iceland Foods, Sainsbury's, GSF, Direct Line
Group, Ticker and Freedom Group.

 

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 (http://www.trakm8.com) / @Trakm8

 

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