12 March 2020
Trakm8 Holdings plc
("Trakm8", the "Group" or the "Company")
New Appointment & Trading Update
Trakm8 Holdings plc (AIM: TRAK), is pleased to announce the appointment of Peter Mansfield as Trakm8 Group Sales and Marketing Director.
He will be appointed to the Board of Directors in due course, subject to satisfactory regulatory due diligence.
Peter joins the Company following a successful sales leadership career in financial data services and will be responsible for Trakm8's sales and marketing strategy and resources reporting to the Executive Chairman.
The Company is also pleased to confirm that the trading for the year ending 31st March 2020 remains in line with previous guidance of increased revenues and modest adjusted profit before tax
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For further information:
Trakm8 Holdings plc
John Watkins, Executive Chairman
Tel: +44 (0) 167 543 4200
Jon Furber, Finance Director
Arden Partners plc (Nominated Adviser & Broker)
Tel: +44 (0) 20 7614 5900
Trakm8 is a UK based technology leader in fleet management, insurance telematics, connected car, and optimisation. Through IP owned technology, the Group analyses data collected by 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 and reporting portal (Trakm8 Insight), integrated telematics/cameras, self-installed telematics units and one of the widest ranges of installed telematics devices. Trakm8 has over 240,000 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, Direct Line Group and Young Marmalade.
Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.
www.trakm8.com / @Trakm8
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