EROAD’s North American Growth Trajectory

TEL +64 9 927 4700 PO Box 305 394
FAX +64 9 927 4701 Triton Plaza, North Shore 0757 Page 1
FREE 0800 4-EROAD Auckland, New Zealand eroad.co.nz


Market Release
27 September 2019
EROAD’s North American growth trajectory

EROAD continues to make headway in North America, attracting customers across all contiguous
states. North America is now a developed market for EROAD, with this market alone now having
equalled EROAD’s size in New Zealand when it listed on the NZX in August 2014.
Following EROAD’s signing on 1 March 2019 of its largest North American customer (c 5,500 units), the
strong growth trajectory continues as it announces today that an agreement was signed in June 2019
with a new large enterprise customer. This new customer is a key national supplier to the United
States Postal Service.
EROAD’s investment in scalable systems and processes enabled installation of over 90% of the
contracted units (totalling c 1,650) within 8 weeks.
Whilst EROAD’s new customer has requested anonymity for commercial reasons, the decision to
switch telematics services to a new provider was based on a combination of the accuracy and
reliability of the EROAD system along with its driver friendly interface.
Norm Ellis, North American President for EROAD, expressed “This is a business with an outstanding
record of performance, and we’re delighted that they chose EROAD”.
Steven Newman CEO of EROAD said “EROAD has built a solid platform for scalable growth across our
markets and continues to attract customers with vehicle fleets both large and small.”
Ends

Page 2 eroad.co.nz
EROAD recently provided a full company overview for Investors. A copy of the presentation can be viewed
here: Investor Day Presentation

Contact:
For EROAD: Sue-Ellen Craig, Director of Communications
Ph +64 21 577 685 email: sueellen.craig@eroad.com


About EROAD
• EROAD believes every community deserves safer roads that can be sustainably funded. This is why
EROAD develops technology solutions (products and services) that manage vehicle fleets, support
regulatory compliance, improve driver safety and reduce the costs associated with driving. EROAD
also provides valuable insights and data analytics to universities, government agencies and others
who research, trial and evaluate future transport networks. This data enables those who use the
roads to influence the design, management and funding of future transport networks.
• EROAD launched with the purpose of modernizing New Zealand’s paper-based road user charging
system. By 2009 EROAD had introduced the world’s first nationwide electronic road user charging
system and now around 46% of collected heavy vehicle road user charges in New Zealand are being
collected using EROAD technology. By March 2019, this had delivered NZ$2.5B to NZTA for the
sustainability of the NZ transport network. In the USA, EROAD introduced the first electronic Weight
Mile Tax service (2014) and the first independently verified Electronic Logging Device service (2017).
• EROAD (ERD) is listed on the NZX, and employs almost 300 staff located across NZ, Australia and
North America.