Trakm8 Holdings PLC Trakm8 partners with Direct Line Group (1316G)
May 02 2014 - 5:00AM
UK Regulatory
TIDMTRAK TIDMDLG
RNS Number : 1316G
Trakm8 Holdings PLC
02 May 2014
2 May 2014
TRAKM8 HOLDINGS PLC
("Trakm8" or the "Group")
Trakm8 partners with Direct Line Group on telematics
Trakm8, the AIM-listed designer, developer and manufacturer of
GPRS based hardware and software for the vehicle placement and
security market, is pleased to confirm that it has been appointed
the sole telematics supplier of self-install devices to Direct Line
Group for the recently launched Direct Line DrivePlus Plug-in
device. This is confirmation of the significant hardware order
Trakm8 announced on 13 January 2014.
Trakm8 is working closely with DLG's other telematics supplier,
The Floow, a specialist UK based telematics analytics and software
company, to deliver the analysis and develop the feedback
tools.
Trakm8 is supplying hardware based on their next generation
telematics device and the first of a new family of products called
T10. The T10 Micro is a fully functional telematics tracking device
with CANbus communications. The self-install device is fitted to
the vehicle diagnostic socket and is probably the smallest such
unit available today.
John Watkins, Executive Chairman of Trakm8 commented:
"This is a key milestone for Trakm8, as Direct Line Group
launches a step-change in telematics for UK consumers. This
proposition accelerates the awareness of telematics as an effective
tool to improve driving skills and reduce fuel costs. We look
forward to building on this relationship further as consumers adopt
the Plug-in device."
-ends-
For further information please contact:
Trakm8 Holdings plc 01747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications (Financial PR to
Trakm8) 020 3128 8100
Reg Hoare / Vicky Watkins
finnCap (Nomad & Broker to Trakm8) 020 7220 0500
Ed Frisby / Christopher Raggett -
corporate finance
Simon Starr / Joanna Weaving - corporate
broking
Direct Line Group
Jennifer Thomas - Head of Financial
Communications 01651 831686
MK PR (Corporate PR to The Floow)
Ashlea McConnell 0114 275 6784
Notes to Editors
Trakm8
Founded in 2002, Trakm8 is a leading technology designer,
developer and manufacturer of telematics hardware and software to
the safety, security and vehicle tracking markets. The Group, which
is 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.
Trakm8's services also include driver behaviour management
solutions that can reduce fuel consumption by 10% or more,
logistics routing & scheduling packages, and tachograph data
reporting. The Group's growing installed based customers include
Eon, St Gobain, the AA and Fujitsu.
Trakm8 has been listed on the AIM market of the London Stock
Exchange since 2005.
www.trakm8.com
Direct Line Insurance Group plc
Direct Line Insurance Group plc (Direct Line Group) is
headquartered in Bromley; it has operations in the UK, Germany and
Italy.
Through its number of well known brands Direct Line Group offers
a wide range of general insurance products to consumers. These
brands include; Direct Line, Churchill and Privilege. It also
offers insurance services for third party brands through its
Partnerships division. In the commercial sector, its NIG and Direct
Line for Business operations provide insurance products for
businesses via brokers or direct respectively.
In addition to insurance services, Direct Line Group continues
to provide support and reassurance to millions of UK motorists
through its Green Flag breakdown recovery service.
DrivePlus Plug-in
The DrivePlus Plug-in is free of charge with a DrivePlus Plug-in
policy. The DrivePlus Plug-in is only available for cars
manufactured later than 2002. DrivePlus does not operate any curfew
periods for young drivers.
For more information go to:
www.directline.com/car-insurance/driveplus
The Floow
The Floow is an independent UK technology company. The Floow was
founded and developed on the belief that telematics insight for
insurers can transform the traditional 'transactional model' to a
'relationship and service led model'.
The Floow designs the world's most advanced and lowest-cost
telematics systems to make vehicles safer and cheaper for all. The
Floow is based in Sheffield and currently employs 30 people.
Floows' unique end to end solution techniques have been developed
by a world-class team of experts, made up of eminent and motivated
members from the fields of Telematics; Computer Science; Data
Mining; Psychology and Automotive. The University of Sheffield is a
significant minority shareholder, as well as Cranfield through the
work of Lisa Dorn.
For further information visit: www.thefloow.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCGMGGKNMNGDZM
Trakm8 (LSE:TRAK)
Historical Stock Chart
From Jun 2024 to Jul 2024
Trakm8 (LSE:TRAK)
Historical Stock Chart
From Jul 2023 to Jul 2024