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”).

“The pace at which fleet owners are trialling and adopting EROAD’s services shows they want a solution that is accurate and easy to use that can help them with taxes and compliance as well as improving fleet performance,” said EROAD CEO Steven Newman.  “EROAD’s ability to offer a rental option to its customers in Oregon, USA has certainly helped us achieve this important milestone of 25,000 units,” he said.

EROAD has now grown to 25,000 Units on Depot, up from 13,453 at 31 March 2014.

“We believe we are well placed to continue our growth given the strong support we are seeing from our customers in Oregon and New Zealand,” Newman said. “We expect to see many more fleet owners upgrade from traditional paper-based systems in the coming months and years.”

On 28 May 2015, EROAD will release its first full year results for the year ending 31 March 2015.

Download the press release.