Trakm8 nabs Bluetooth device order with US data company

AIM-listed telematics and data supplier Trakm8 Holdings has reached an agreement to supply an unnamed US-based data company with the T10 BLE Bluetooth device.

It said the new client is expected to purchase over 25,000 devices during the first two years of the contract agreement.

Executive chairman John Watkins said: "We are delighted to be working with this major customer to provide technology to the North American insurance market. Considerable engineering investment has been required to create an enhanced product with tremendous potential which can be utilised both in North America and elsewhere."

The Trakm8 T10 device communicates with mobile phones via Bluetooth relaying real-time journey data to the registered device.

At 1554 GMT, Trakm8 shares were up 9.5% at 246.40p.