TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Trakm8 receives significant hardware order to upgrade Saint-Gobain fleet telematics
Trakm8, the AIM-listedtelematics and data provider to the global market place,is pleased to announce it has been awarded a significant hardware order from its well-established customer Saint-Gobain. This order is an expansion of the business the companies are already committed to, and will upgrade the entire installed [UK] fleet of vehicles to the Trakm8 ecoN fuel saving fleet management solution.
The contract awarded will total £1.0 million in hardware and service revenues over a two year period, with the fleet expected to be fully upgraded by March 2015.
Trakm8 has built a strong relationship with Saint-Gobain, having supplied the Swift fleet management solution to the company since 2009. The upgrade to the driver behaviour device ecoN requires some existing installed fleet hardware to be replaced along with the new addition of a real-time in-cab display. The Saint-Gobain management team is working closely with Trakm8's Applications Engineers to change driver behaviour to reduce the amount of fuel used and improve the accident risk.
In addition to the ecoN upgrade those vehicles with digital tachographs will upgrade to transmit the tachograph data via the telematics devices.
John Watkins, Executive Chairman of Trakm8 commented:
"This significant order from Saint-Gobain is testament to the quality of Trakm8 solutions and the good working relationships we have built over many years with a highly valued customer. Trakm8 invests a significant amount of its revenue into the development of future products to facilitate these good working relationships and we look forward to working closely with Saint-Gobain over the next few years to see them benefit from the ecoN driver behaviour device."
Ian Berril, Director to Transport, Saint-Gobain commented:
"We have worked with Trakm8 for many years and are pleased to upgrade our fleet to the latest technology. We anticipate a quick payback on our investment."
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For further information please contact:
Trakm8 plc |
+44 (0) 1747 858444 |
John Watkins, Executive Chairman |
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James Hedges, Finance Director |
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MHP Communications |
+44 (0) 20 3128 8100 |
Reg Hoare / Vicky Watkins |
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finnCap |
+44 (0) 20 7220 0500 |
Ed Frisby / Christopher Raggett - corporate finance Jo Weaving - corporate broking |
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.
Recently Trakm8 have developed the T10 product range, which includes a self-installed telematics device. The Group's services also include driver behaviour management solutions that can reduce fuel consumption by 10% or more, reduce risk of accidents, logistics routing & scheduling packages, and tachograph data reporting. The Group's customers include Direct Line Group, Eon, the AA, Fujitsu and Kubota.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.
About Saint-Gobain
Saint-Gobain, a world leader in the habitat and construction markets, designs, manufactures and distributes high-performance building materials, providing innovative solutions to the challenges of growth, energy efficiency and environmental protection.
With 2013 sales of €42 billion, Saint-Gobain operates in 64 countries and has nearly 190,000 employees.
