EROAD signs Australian Enterprise Customer

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
9 April 2021
EROAD signs Australian Enterprise Customer
Transportation technology services company EROAD Limited (NZX/ASX: ERD) (EROAD) today
announces that it has signed its largest Australian enterprise customer, Ventia.
Ventia is one of the largest essential services providers in Australia and New Zealand, specialising in
the long-term operation, maintenance, and management of critical public and private assets and
infrastructure for corporate and government clients across a broad range of sectors.
Ventia has entered into a five-year agreement for a monthly subscription of EROAD’s SaaS products
and intends to install approximately 2,500 Ehubo 2 devices in their Australian fleet with a further
1,500 in their New Zealand fleet. The agreement does not however specify any minimum unit
commitment. It is anticipated that these Ehubo units will be installed throughout the 2021 calendar
year.
EROAD entered the Australian market in 2018 and has been building its brand on the back of
regulatory reform which has provided a significant low-cost growth option. As at 31 December 2020
EROAD was providing monthly subscriptions to small-to-medium customers with 2,625 connected
units. This agreement will almost double EROAD’s presence in the Australian market, with a
remaining short to medium term enterprise pipeline of some 15-20,000 connected vehicles.
“EROAD is pleased to announce that Ventia, an existing New Zealand customer for a number of
years, has chosen to come on board as an Australian enterprise customer as well as significantly
increasing the size of its New Zealand fleet utilising EROAD services. EROAD is looking forward to
working in partnership with Ventia to deliver best safety outcomes” said EROAD’s CEO, Steven
Newman.
Ventia’s Group Chief Executive Officer, Dean Banks said “Safety and health above all else is our
number one priority at Ventia. We are delighted to enter this strategic partnership with EROAD,
which will enhance our ability to improve safety for our people, our clients and the communities we
operate in.”
Ends
This announcement has been authorised by the CFO, Alex Ball.
For further information please contact:
Investors:
Alex Ball
CFO
alex.ball@eroad.com

Page 2 eroad.co.nz
Media:
Courtney Ayre
Marketing Director, Australia and New Zealand
courtney.ayre@eroad.com


About EROAD
EROAD Limited (ASX: ERD; NZX: ERD) (“EROAD”) purpose is safer, more productive roads. EROAD
develops and markets technology solutions to manage vehicle fleets, support regulatory compliance,
improve driver safety and reduce the costs associated with operating a fleet of vehicles and
inventory of assets. EROAD has a proven SaaS business model and is experiencing continuing growth
in installed units and revenue. EROAD has operations in New Zealand, North America and Australia
with customers ranging in size from small fleets through to large enterprise customers. For more
information visit www.eroadglobal.com/global/investors