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
|
|
|
|
|
Allenby
Capital Limited (Nominated Adviser &
Broker)
|
Tel: +44 (0)20 3328
5656
|
|
David Hart / Vivek Bhardwaj,
Corporate Finance
Tony Quirke, Sales and Corporate Broking
|
www.allenbycapital.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 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 /
@Trakm8