EROAD renews its largest New Zealand Enterprise customer

Transportation technology services company EROAD Limited (NZX/ASX: ERD) (EROAD), with its purpose of safer and more sustainable roads, today announced that it has renewed its largest New Zealand Enterprise customer contract, Downer EDI Limited (Downer). The contract for 5,500 units extends through to December 2025. Read more »

EROAD to develop heavy vehicle decarbonisation tool

EROAD, with its purpose of safer and more sustainable roads, announces that it has been awarded partial funding from the Energy Efficiency & Conservation Authority (EECA) Low Emission Transport Fund to develop a Heavy Vehicle Decarbonisation and Recommendation tool. Read more »

EROAD enters NZX 50

Following the completion of its 100% acquisition of Coretex Ltd, EROAD is pleased to announce that from 20 December, it will be part of the NZX 50 index. Read more »

EROAD continues to grow despite difficult macro economic conditions

EROAD delivered a 19% increase in Revenue and 29% improvement in EBITDA period-on-period. In a period of extreme uncertainty and operating restrictions across our markets, the continued growth in contracted units, stable SaaS Average Revenue Per Unit and asset retention rate is reflective of EROAD’s strong customer value proposition. Read more »

EROAD announces Board changes

Susan Paterson has been appointed to the Board as a non-executive director. Ms Paterson will also chair the Finance, Risk and Audit Committee.
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Business update and major North American customer signed

Integrated technology and services provider EROAD Limited (NZX:ERD) releases this market update on global performance and announces that one of the largest privately owned fleets in North America has become EROAD’s largest U.S. based customer. Read more »

EROAD appoints Chief Marketing Officer

EROAD is pleased to announce the appointment of Genevieve Tearle to the role of Chief Marketing Officer. Genevieve brings to the role experience gained working across Europe, Asia, and Americas. Her experience covers Consumer Durables, Consumer Electronics, Lighting and FMCG industries, in both B2C and B2B environments. She has held key roles in New Zealand and European corporates and understands the drivers for commercial success. Read more »

Graham Stuart appointed Chair of EROAD

Transport technology services company EROAD today announced that Michael Bushby, who has chaired the Board since December 2012, will stand down and will be succeeded as Chairman by director Graham Stuart. Read more »

EROAD moves into profit in record year of growth

EROAD Limited reported record growth of Total Contracted Units in both Australia and New Zealand and North American markets of 61.5%, revenue of $51.5 million, EBITDA of $15.0 million and Net Profit after Tax of $0.2 million. Read more »

Graham Stuart joins EROAD board

EROAD announced today that Graham Stuart will join the board of the transport technology and services company. He will also chair the Finance, Risk and Audit Committee. Read more »

EROAD Limited successfully completes equity raising

EROAD Limited (NZX: ERD) (EROAD) is pleased to announce it has successfully raised approximately NZ$15.5 million through its placement announced on 12 December 2017 at a price of NZ$3.04 per share, a 4.7% discount to EROAD’s 5 day VWAP. Read more »

Efforts to delay ELD mandate vehemently opposed

Last-ditch efforts are being made in the US to delay the implementation of the Electronic Logging Devices (ELD) mandate for motor carriers. This is potentially causing confusion for motor carriers who have less than five months to prepare for ELD compliance. Read more »

EROAD suspends employee charged by FMA

Technology services provider EROAD has suspended an employee against whom the Financial Markets Authority (FMA) has filed charges relating to insider trading. The employee is not a member of the senior executive team. Read more »

Vehicle check-ups on your smartphone

Pre- and post-trip safety inspection checks for commercial vehicles just became a whole lot easier with the launch of EROAD’s Inspect mobile application. Read more »

EROAD update ahead of 26 May full year results announcement

EROAD Limited (NZX:ERD) today advises that it now expects net profit before tax for the financial year ended 31 March 2016 to be a loss in the $1.3m to $1.6m range. Earlier guidance released to the market on 28 September 2015 indicated a profit of $0.5m. Read more »

EROAD market update - 29 January 2016

Steven Newman, EROAD CEO, has now been based in Oregon since October 2015 and, as was signaled on 25 November 2015 at the time of releasing our half year results, we are in a position to provide an update to the market on progress to-date. Read more »

EROAD reaches 25,000 connections

EROAD Limited (NZX:ERD) announced today that earlier this week EROAD reached 25,000 units connected to its Depot platform (“Units on Depot”). Read more »
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