31 May 2017
Trakm8, the AIM-listed telematics and data provider to the global market place, is pleased to announce it has been awarded a contract extension by Iceland Foods Limited, the UK's leading frozen food retailer.
The contract extension covers the provision of Trakm8's Route Monkey Optimisation software and updates Trakm8's Roadsense telematics with Trakm8's latest RoadHawk 600 integrated 4G video and telematics solution, with data provided via Trakm8's latest data solution, Insight. The new contract extension will run until April 2024.
Trakm8, through Route Monkey and Roadsense, has been providing solutions for over 1,500 Iceland home delivery vehicles and optimising over 11 million deliveries per year. The next generation solutions will provide even better optimisation of these deliveries, far better insights into how the vehicles are being driven and the vehicle service requirements. The solutions will be fully integrated within the Trakm8 software and Iceland's EPOS.
John Watkins, Executive Chairman of Trakm8 commented: "We have been working with Iceland Foods for over four years providing optimisation and telematics solutions. Iceland is a market leader in adopting new technology and we are delighted that it is the first significant customer for our next generation integrated products and solutions.
"It is validation of the acquisitions of both Route Monkey & Roadsense and Trakm8's product strategy to integrate optimisation, camera and telematics technologies. This is a long-term contract that provides predictable revenues for the years ahead."