Trakm8 Holdings PLC Sainsbury's Awards Optimisation Contract Extension (5363U)
March 29 2023 - 2:00AM
UK Regulatory
TIDMTRAK
RNS Number : 5363U
Trakm8 Holdings PLC
29 March 2023
29 March 2023
Trakm8 Holdings plc
("Trakm8", the "Group" or the "Company")
Sainsbury's Awards Optimisation Contract Extension
Trakm8 Holdings plc (AIM: TRAK), the global telematics and data
insight provider today is pleased to announce that the Company has
been awarded a contract extension with JS information Services Ltd
("Sainsbury's").
The original contract award was announced on 3 July 2020 as
being with "a major UK food retailer". Under this contract
extension the contract now extends to 31 December 2024 with an
option granted to Sainsbury's to extend for one further year to 31
December 2025.
Trakm8 provides slot booking and delivery scheduling / route
optimisation algorithm services via its API into Sainsbury's
integrated home delivery solution (Groceries online). The combined
solution has improved efficiency by over 10% and is generating
increased home delivery order capacity alongside operational
savings and has enabled a reduction in carbon emissions from the
delivery fleet. The solution allows for greater flexibility for
Sainsbury's to innovate further in this space. This Christmas,
Sainsbury's was able to open its home delivery slots for the
festive period 10 weeks before the delivery date - a first for the
retailer thanks to this partnership.
John Watkins, Trakm8's Executive Chairman commented: "This
contract extension highlights the great work that Sainsbury's and
Trakm8 have collaborated on to deliver an excellent home delivery
solution. It is an important part of our current and future years'
Fleet revenues."
- 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 Tel: +44 (0)20 3328 5656
& Broker)
David Hart/ Vivek Bhardwaj, Corporate www.allenbycapital.com
Finance
Tony Quirke/ Joscelin Pinnington, 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 318,000 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, GSF, Direct Line Group, Ticker 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
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