Trakm8 PLC is an AIM listed company providing market leading Fleet Management Solutions, Engineering Services and Telematics Hardware to organisations worldwide. Our customers range from corporate fleets to small businesses that all benefit from improved operational efficiency, driver safety and fuel economy from utilising our products and services.

Trakm8 are the cutting edge of the Telematics industry, integrating bespoke hardware, firmware and server solutions with ASPs, Developers and Integrators globally. The products and services we offer are all developed from our commitment to exploiting Big Data to improve driver behavior both for fuel economy and risk reductions, as well as driving service and repair quality commitments for a wide range of industries, including Insurance, Construction, Government Organisations and Utilities sectors.

Trakm8 have an in house development team dedicated to using statistical techniques to analyse Big Data to improve the accuracy of assumptions that are driven by traditional profiling. All solutions are designed, developed and manufactured within the United Kingdom, with the majority being produced in house at Trakm8 facilities. This gives customers a flexible, reliable and cost effective service to complement their fleet operations, as well as allowing Trakm8 to remain competitive in a rapidly growing market.

http://www.trakm8.com/

AGM Statement & Trading Update

RNS


RNS Number : 1316J

Trakm8 Holdings PLC

07 September 2016




7 September 2016

Trakm8 Holdings plc

("Trakm8", the "Group" or the "Company")

AGM Statement & Trading Update



Trakm8 Holdings plc, the AIM listed telematics and data supplier to global markets, is today holding its Annual General Meeting. Executive Chairman John Watkins will make the following statement on current trading at the meeting.

"Trakm8 is pleased to report that trading in the first five months of the current financial year commencing 1 April 2016 has started satisfactorily and is consistent with its expectations for the year as a whole. Group new orders booked have been received at a rate of 37% greater than the same period last year, of which 27% is organic growth. This continues the trend of strong growth of recent years. The period included the Scottish Power contract award announced in May and the bulk of these units are now installed.

Recurring revenues have also continued to grow with 169,000 units now reporting to our servers, an increase of 18,000 since the year end. This increase is based on an increase in Fleet Telematics of 7,000 to 66,000 units supplied to almost 2,300 customers and an increase in Insurance Telematics of 11,000 to 103,000 units.

In line with previous years, the weighting of Group revenue, profits and cash flow is expected to be in favour of the second half. This is due to the fact that reporting units tend to accumulate as the year progresses as well as the timing of deployment of orders won in the first half. Half year profitability is expected to be less than the first half of last year, with a stronger second half anticipated fulfilling the growing orders received in the financial year to date.

The UK Referendum vote to leave the EU has resulted in a c. £0.5m increase in our component costs due to the impact of exchange rate movements. However we are optimistic that this will be partially mitigated by our drive to increase sales overseas and through supplier cost down actions. To date we have seen no impact on customer confidence in terms of our sales activity and order pipeline.

In August, we acquired Roadsense Technology, a specialist telematics sales company, for £0.8m in cash. The business was acquired to consolidate and grow the Group's share of the SME market, in which it has been historically underrepresented and which is growing quickly. Roadsense reported revenues of £0.9m and operating profits at break even in its financial year ending 31.3.16. It had 3,500 units reporting to its servers on completion.

Overall, Trakm8 has had an encouraging start to the financial year in terms of new orders, as a result of which the Board's overall outlook for the year is unchanged (excluding the impact of exchange rate movements). The Group will report its half year results as usual in late November."

Capital Markets Event



Following the AGM, the Company is hosting a Capital Markets presentation for analysts and investors. No new material financial information will be disclosed in the presentation.

Contract win
RNS
RNS Number : 0136G
Trakm8 Holdings PLC
24 May 2017
 
24 May 2017
TRAKM8 HOLDINGS PLC
 
("Trakm8" or the "Group")
 
Roadside Assistance Technology Company Awards Trakm8 Telematics Contract
 
 
Trakm8, the AIM-listed telematics and data provider, is pleased to announce it has been awarded an initial contract by a roadside assistance technology company, to supply devices and data.
 
The initial contract includes a number of devices for the initial launch, along with integration engineering fees.
 
The contract is for launch in July 2017 to the customer's roadside assistance partners in Europe.  The initial focus will be in the UK and Holland. It is expected that the solution will be extended to other European markets in due course.
 
Trakm8 will provide its latest generation Connect 300 plug in telematics device. Data supplied will be from the Trakm8connectedcare solution to monitor the vehicle health and usage based on Trakm8's extensive automotive diagnostic knowledge.
 
 
John Watkins, Executive Chairman of Trakm8 commented: 
"We are delighted to win another customer for Trakm8's automotive telematics solutions. We have been providing telematics on extended trial with our Trakm8connectedcare product for about 12 months. It is also encouraging that this solution is expected to be offered in multiple countries.
 
"This contract is expected to be a significant one and provides additional visibility for our expectations for this financial year and beyond."
 
 

Mecalac awards Trakm8 telematics contract
RNS
RNS Number : 3824G
Trakm8 Holdings PLC
30 May 2017
 

TRAKM8 HOLDINGS PLC
 
("Trakm8" or the "Group")
 
Mecalac awards Trakm8 telematics contract
 
 
Trakm8, the AIM-listed telematics and data provider, is pleased to announce it has been awarded an initial contract by Mecalac Construction Equipment UK Ltd (previously Terex GB), the global equipment solutions provider.
 
The partnership, based on supplying a minimum 2,000 units over the first three years, will commence from June 2017.  As part of the agreement, products will be sold to Mecalac customers worldwide.
 
Trakm8 will provide the latest generation T10 telematics device, which is manufactured in the Group's UK manufacturing facility. Data supplied is based on Trakm8's Asset solution to monitor the machines health and usage based on Trakm8's extensive automotive diagnostic knowledge. The Telematics devices will be fitted on the Mecalac manufacturing line to full automotive standards.
 
John Watkins, Executive Chairman of Trakm8, commented: 
"We are delighted to have Mecalac as a customer for Trakm8's construction equipment telematics solutions. This contract provides additional visibility for our expectations for this financial year and beyond."
 
Lee Aldridge, Programme Manager of Mecalac Construction Equipment UK Ltd, commented: 
"Over the past few years, we've seen customer demand for telematics capability increase significantly. By partnering with Trakm8, we can now offer a market-leading, proven solution for customers around the world."
 
 
-ends-

Anyone any thoughts on latest results, is all the bad news out now?!

Good article in Shares today -There are subtle differences between the pair’s operating models, but what stands out is their take on car insurance. Trakm8 embraces this market sub-sector, Quartix has by-and-large ditched it (barring odd contracts on which decent returns can be made).


Only time and perhaps an update will tell.