20th Mar 2014 09:37
LONDON (Alliance News) - Trakm8 Holdings PLC Thursday said that it has been awarded a significant hardware order from a major UK wireless security and safety provider, part of a recently signed supply agreement which it expects to lead to revenues in excess of GBP1 million per year.
Shares in Trakm8 shot up 9.3% Thursday morning to trade at 58.45 pence per share.
The AIM-listed designer, developer and manufacturer of telematics hardware and software, said that its recently acquired subsidiary Box Telematic Ltd has been awarded a GBP680,00 hardware order for remote wireless fire monitoring units. It said it expects all of the revenue gain to come through in its next financial year, commencing April 1.
Trakm8 didn't name the client who placed the order.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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