Trakm8 secures Sainsbury's contract extension
Trakm8 Holdings
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11:00 11/10/24
Telematics and data insight provider Trakm8 has been awarded a two-year contract extension with British supermarket giant Sainsbury's.
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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