13th Aug 2014 10:11
LONDON (Alliance News) - Hardware and software company Trakm8 Holdings PLC said Wednesday that it secured a further contract with Japan's Kubota Corp worth over GBP340,000.
Under the contract Trakm8 will supply both its hardware and monthly subscriptions to its hosted web portal to a range of Kubota's machines. The majority of revenue for this deal will be realised over the next year, the company said.
Kubota is a manufacturer of tractor, groundcare and construction machinery.
Trakm8 has provided Kubota with its Secure device over the last two years.
"Trakm8 invest significantly in developing products and solutions that are at the cutting edge of technology, and the return in investment is apparent when we secure partnerships with customers like Kubota," said Executive Chairman John Watkins in a statement.
Shares in Trakm8 were trading up 3.6% at 78.75 pence Wednesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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