Trakm8 secures three-year extension to Ingenie contract

18th Mar 2022 09:47

(Sharecast News) - Telematics and data insight provider Trakm8 Holdings has secured a three-year extension for its contract with insurance technology provider Ingenie.

While the AIM-listed firm provided no specific details, be that either financial or operational, it did highlight that the contract had been broadened for it to provide additional self-fit telematic devices to the client.

Chairman John Watkins said: "The contract with Ingenie has been in place for three years and it is pleasing to extend the scope and duration. We are pleased to continue our association with Ingenie as the market recovers from Covid."

As of 0945 GMT, Trakm8 shares were down 6.67% at 18.20p.