Eagle-i Holdings Plc
Pre Close Trading Update
Eagle-i Holdings Plc ("Eagle-i" or the "Company"), a leading developer and
supplier of vehicle positioning and fleet management technology and services,
announces a trading update following the end of the financial year to 30th
November 2008.
The past twelve months have seen considerable progress in the roll-out of new
solutions and services, with particular interest coming from fleet operators
seeking to reduce fleet fuel costs and vehicle insurance premiums.
At the interim stage in May, the benefits of the strategic changes were already
becoming apparent. Since this time, as previously announced, the Company has
entered into significant agreements with AXA Assistance, HomeServe PLC and
Hitachi Capital Vehicle Solutions Plc. These contracts alone provide the
Company with access to a pool of over 75,000 vehicles over the next three
years.
It has also been encouraging to see the steady adoption of our high value
professional services offering which, during the year, recorded its single
largest order worth over £250,000 as a component of one of the above contracts.
The preliminary results, planned to be announced in March, are expected to
reflect continued strong growth in sales, whilst the benefits of our investment
in new staff and technology will positively impact gross margins.
15 December 2008
Enquiries:
Eagle-i Holdings Plc +44 (0)1928 795 400
Ian Walmsley ian.walmsley@eagle-i-telematics.com
WH Ireland Limited +44 (0)161 832 2174
Robin Gwyn/David Youngman
Haggie Financial LLP +44 (0)20 7417 8989
Nicholas Nelson/Kathy Boate Nicholas.nelson@haggie.co.uk
About Eagle-i
Established since 1995 and quoted on AIM, Eagle-i's modular fleet, asset and
mobile workforce management solutions have enabled hundreds of businesses
across the UK and Europe with the capability to drive down operational cost,
increase productivity and improve environmental and legislative compliance. As
one of Europe's leading Integrated Telematics Service Providers, delivering an
award-winning blend of technologies, solutions and consulting services, Eagle-i
offers a comprehensive capability portfolio including vehicle tracking, mobile
data messaging, satellite navigation, stolen vehicle recovery,
telematics-enabled risk management (TERM) and lone-worker protection solutions.
For more information please visit: www.eagle-i-telematics.com