EROAD uses Microsoft Azure OpenAI to accelerate Product Dev

EROAD uses Microsoft Azure OpenAI Service to accelerate
product development

EROAD, with its purpose of delivering intelligence you can trust, for a better world tomorrow, will work
with Microsoft on Generative AI product development to enhance customer experience and value.

AUCKLAND, 28 November 2023: Transportation technology services company EROAD Limited
(NZX/ASX: ERD) (EROAD) has today announced that they will be developing new products and
features using Microsoft’s generative AI to deliver innovative user experiences.

This is part of EROAD’s growth strategy, which has included an active search for strategic
partnerships in the high growth North American market and the building up of relevant in-market
sales capabilities and expertise.

Microsoft enables EROAD to use AI to assist further development of CoreTemp, a high value-
added predictive analytics software for refrigerated vehicles and trailers. This is to facilitate a
swifter and more extensive integration of EROAD's solution into the expansive reefer market,
consisting of 400,000+ trailers solely in the North American market. This is just the first in a
significant roadmap of AI enhancements that will help EROAD deliver to markets at speed.

"Our mission is to provide businesses with the intelligence to help them deliver a better and more
sustainable world. We have been actively looking for collaborations to help drive our growth
strategy, and who better to partner with than Microsoft. This collaboration doesn't just speed up
our product development and open up new segments of the North American market, but it will
give us product functionality that can benefit our New Zealand and Australian customers as well”,
said Mark Heine, CEO of EROAD.

"We are thrilled to work with EROAD, a leader in sustainability and fleet management solutions, to
accelerate their AI innovation and transformation. EROAD is a great example of how Microsoft's
cloud and AI platforms can empower businesses to harness the power of data and AI to create
new value and experiences for their customers. We are looking forward to seeing the impact of
these projects and features on the transport industry and beyond," said Vanessa Sorenson,
Managing Director of Microsoft New Zealand.

EROAD will deliver AI-powered tools such as:
• Dashboards that can generate customized, interactive reports and insights based on user
preferences and feedback.
• Voice assistants that provide hands-free and conversational access to EROAD's products and

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services, such as navigation, alerts, and analytics.
• Image recognition that detects and classifies objects and events from the cameras installed on
the vehicles, such as traffic signs, road conditions, and accidents.

EROAD recently ran a companywide AI Innovation event with Microsoft, where teams of
developers, data scientists and user experience specialists developed projects using Microsoft
Azure and AI services. Two resulting projects will bring significant benefits to EROAD and its
customers by mid 2024.

Examples of the early benefits of the collaboration include AI Digital Advisor, which leverages
generative AI to act as a strategic consultant for fleet operations. By analyzing telematics data, it
optimizes asset load balancing and driver efficiency. This AI Advisor will go beyond mere
suggestions by providing interactive graphical representations and prompts. Such visual aids will
seamlessly integrate into EROAD's user interface, designed to enable customers to intuitively
explore actionable insights and receive guidance on enhancing operational efficiency.

Complementing the Digital AI Advisor is a refined interactive model focused on predictive
maintenance and management of reefer operations. This innovative system will utilize AI to identify
patterns and anomalies that can predict maintenance issues before they become critical. It goes a
step further by scrutinizing reefer conditions, preempting shutdowns and suggesting corrective
actions to maintain optimal operations.

EROAD has already seen great benefit from AI adoption in product development with GitHub
Copilot, an AI-powered coding assistant, for its developers. GitHub Copilot helps developers write
better code faster by suggesting relevant code snippets based on the context and intent of the
code. According to EROAD, over 40% of new code and 70% of unit tests are being written by AI,
resulting in improved quality, efficiency, and speed to market.

Tim Mole, CTO of EROAD, said, "GitHub Copilot has been a game-changer for us. It has enabled
us to deliver more value to our customers faster and with fewer bugs. It has also freed up our
developers to focus on the more creative and challenging aspects of their work. We are impressed
by the capabilities and future potential of GitHub Copilot and we look forward to seeing how it
continues to evolve".


ENDS


Authorised for release to the NZX and ASX by EROAD's General Counsel & Company Secretary,
Ksenija Chobanovich.

For Investor enquires please contact: For Media enquiries please contact:
Jason Kepecs Richard Llewellyn
jason.kepecs@eroad.com richard@shanahan.nz
NZ contact: +64 21 990 474 +64 275232362
AU contact: +61 477 711 136


TEL +64 9 927 4700 PO Box 305 394

FAX +64 9 927 4701
Triton Plaza, North Shore 0757 Page 2
FREE 0800 4 EROAD Auckland, New Zealand eroad.co.nz

About EROAD
EROAD is a fully integrated technology, tolling and services provider, based in Auckland, New
Zealand. They design and manufacture in-vehicle hardware, operate secure payment and merchant
gateways and offer web-based value-added services. EROAD modernises road charging and
compliance for road transport by replacing paper-based systems with easy-to-use electronic systems.
They are the largest provider of road user charges (RUC) compliance in New Zealand, and a leading
provider of health and safety compliance and fleet management solutions. EROAD is listed on the
New Zealand Stock Exchange (NZX) and Australian Stock Exchange (ASX) under the stock symbol of
ERD. http://www.eroad.co.nz

















































TEL +64 9 927 4700 PO Box 305 394

FAX +64 9 927 4701
Triton Plaza, North Shore 0757 Page 3
FREE 0800 4 EROAD Auckland, New Zealand eroad.co.nz