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EROAD achieves US first with registration of ELD

Operational Update1 March 2017ERDIndustrials

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EROAD achieves US first, with registration of Electronic Logging Device

2 March 2017 Auckland

Transport technology service provider EROAD (NZX:ERD) has successfully

registered the first in-cab, hardware-based Electronic Logging Device (ELD) for the US market.

EROAD’s ELD has been listed on the US government’s register

of providers offering services to meet new

federal rules for electronically recording drivers’ hours of service.

EROAD’s device is the first on the register to offer permanent in-cab hardware as part of a comprehensive

solution. The other 30 devices on the register offer less comprehensive app-based services using a smart

phone or heavy mobile computer case without a permanent, in-cab device. EROAD’s major competitors

offering in-cab hardware are yet to have ELD devices listed on the ELD register.

EROAD launched its ELD on Monday this week at ATA TMC, the American Trucking Associations’ Annual

Meeting & Transport Technology Exhibition in Nashville, TN.

Trucking firms in the US have until December 2017 to comply with a federal regulation requiring drivers to

record their record of duty status electronically in a way that is tamper-resistant and readily transferrable to

enforcement officers. EROAD has also initiated independent, third-party verification to provide assurance to

the industry that its system is compliant, best-in-class, and operationally easy to use.

“Having our ELD accepted onto the FMCSA register means we are able to offer a compliant ELD to the US

market this month, as scheduled,” EROAD CEO, Steven Newman said.

EROAD’s ELD is offered on the same, integrated platform, as its electronic tax, safety and fleet management

services, including electronic IFTA, Oregon Weight Mile Tax, driver and vehicle analytics, and real-time fleet

tracking.

About EROAD

EROAD modernises road charging and compliance for road transport by replacing paper-based systems with

easy-to-use electronic systems. The company is headquartered in Auckland, New Zealand, and listed on the

New Zealand Exchange (NZX). Its US business is based in Portland, Oregon, serving customers with vehicles

operating in every US mainland state, growing outward in concentration from the Northwest. In 2009 EROAD

introduced the world’s first nationwide electronic road user charging (eRUC) system in New Zealand and, in

2017, more than 50% of heavy transport RUC is expected to be collected electronically, representing a rapid

transition to e-commerce on a voluntary, industry-led basis, due to the cost-savings and benefits to

customers. EROAD is also a leading provider of health and safety compliance services, including vehicle

management and driver behaviour and performance measures.

www.eroad.co.nz


ENDS


For further information contact:

Sara Goessi - VP Global Marketing & Communications

E: sara.goessi@eroad.com


M: 021 634 909

Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.

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