Trakm8 secures Sainsbury's contract extension
![Trakm8 | Sharecast graphic / Josh White dl trakm8 aim telematics technology automotive driving fleet provider logo](https://img2.s3wfg.com/web/img/images_uploaded/6/b/dl-trakm8-aim-telematics-technology-automotive-driving-fleet-provider-logo_620x350.jpg)
Trakm8 Holdings
4.50p
16:55 17/02/25
Telematics and data insight provider Trakm8 has been awarded a two-year contract extension with British supermarket giant Sainsbury's.
FTSE AIM All-Share
726.19
08:30 18/02/25
Technology Hardware & Equipment
1,920.18
16:30 18/12/24
Trakm8 said on Friday that the extension was for the Sainsbury's Goods Online delivery solution, which was built on its Insight AI Optimisation platform algorithms supplied via API.
The AIM-listed group highlighted that since the introduction of Sainsbury's use of Trakm8 Insight AI algorithms, over 4,000 tons of carbon have been saved each year.
Chairman John Watkins said: "We are delighted to extend the duration of the solutions we provide to Sainsbury's having built a terrific solution together in partnership to give Sainsbury's customers the best possible experience from the GOL platform."
As of 0955 BST, Trakm8 shares had sunk 11.11% to 6.0p.
Reporting by Iain Gilbert at Sharecast.com