StockMarketWire.com - Trakm8 reached an agreement to supply Intelematics Australia with telematics-based services.

The contract, initially for three years, provides Intelematics Australia with data, including automotive diagnostics, and a 4G self-fit on-board diagnostic (OBD) device.

It is believed that this is the first 4G OBD device to meet the requirements of the Australian Cat M1 networks. The demand over the three year period is expected to amount to circa 40,000 connections.

Intelematics Australia is a subsidiary of the Royal Automobile Club of Victoria and a lead partner in the Intelematics Europe joint venture with which Trakm8 has an existing contract, as announced on 31 August 2017.

Trakm8 executive chairman John Watkins said: "This contract with Intelematics Australia is another good example of Trakm8 developing a market leading data service and device and successfully taking it into international markets with new partners.

"We look forward to working with Intelematics Australia in the years ahead."




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