Published
January 31, 2023
Transportation technology services company EROAD Limited (NZX/ASX: ERD) (EROAD) has today announced the acquisition of a significant enterprise customer in New Zealand.
The Fonterra Co-operative Group Limited (Fonterra) has signed a five-year contract to install EROAD fleet management hardware across its fleet of 500+ milk tankers. Read more »
Published
May 23, 2022
Proudly supported by the Waikato Regional Council, EROAD Fleet Day takes place at
Claudelands Event Centre in Hamilton on 20 July 2022. This exciting event welcomed over 300 customers and industry professionals in 2021, and we expect an even greater turnout for 2022. Read more »
Published
March 3, 2022
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 »
Published
February 25, 2022
by Mark Heine
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 »
Published
February 4, 2022
by Mark Heine
EROAD, with its purpose of safer and more sustainable roads, welcomes the New Zealand government’s release of the discussion document Driving Change: Reviewing the Road User Charges System. Read more »
Published
December 13, 2021
by Courtney Ayre
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 »
Published
December 1, 2021
by Mark Heine
Transportation technology services company EROAD (ASX/NZX: ERD), with its purpose of safer and more sustainable roads, is pleased to announce the completion of the Coretex acquisition and the appointment of Selwyn Pellett to the EROAD Board. Read more »
Published
November 26, 2021
by Mark Heine
Transportation technology services company EROAD (ASX/NZX: ERD), with its purpose of safer and more sustainable roads, today released its financial results for the first half of the 2022 financial year. Read more »
Published
November 18, 2021
by Mark Heine
Transportation technology services company EROAD (NZX/ASX: ERD) welcomes the Commerce Commission’s decision to grant clearance for the Coretex acquisition. Read more »
Published
November 9, 2021
by Mark Heine
Transportation technology services company EROAD (NZX/ASX: ERD) announced today that it has received consent from New Zealand’s Overseas Investment Office (OIO) to acquire 100% of the shares in Coretex Limited. Read more »
Published
October 22, 2021
by Mark Heine
Transportation technology services company EROAD (NZX/ASX: ERD) announced today the launch of EROAD Clarity Solo Dashcam which will be showcased at the American Trucking Association MC&E show in Nashville Tennessee this weekend. Read more »
Published
October 21, 2021
by Mark Heine
Transportation technology services company EROAD (NZX/ASX: ERD) today released its quarterly update for the three months ended 30 September 2021. Read more »
Published
October 19, 2021
by Mark Heine
The acquisition is expected to accelerate EROAD’s key growth metrics by two years enabling it to capture the significant growth opportunity in North America and Australia (particularly with respect to Coretex's focus on the Enterprise customer base, which has been less impacted by COVID-19 challenges). Read more »
Published
August 20, 2021
by Mark Heine
Transportation technology services company EROAD (NZX/ASX: ERD) is pleased to announce it has entered into a strategic partnership with Seeing Machines. Read more »
Published
July 14, 2021
by Courtney Ayre
EROAD Limited (NZX/ASX: ERD) is pleased to announce that it has entered into a conditional agreement to acquire 100% of Coretex Limited (“Coretex”) (the “Acquisition”), a telematics vertical specialist provider delivering enterprise grade solutions, partly funded by an underwritten conditional placement to raise NZ$64.4m (“Placement”) and a share purchase plan to raise NZ$16.1m (“SPP”). Read more »
Published
June 22, 2021
by Mark Heine
Please find attached the presentation to be given by Steven Newman, CEO at EROAD, to investors and shareholders via a live webinar hosted by Reach Markets at 12 p.m (AEST) on Wednesday, 23 June 2021. Read more »
Published
May 28, 2021
by Mark Heine
Transportation technology services company EROAD (NZX/ASX: ERD) today released its financial results for the 2021 financial year. All numbers relate to the year ended 31 March 2021 and comparisons relate to the year ended 31 March 2020. Read more »
Published
April 20, 2021
by Courtney Ayre
Transportation technology services company EROAD (NZX/ASX: ERD) today released its quarterly update for the three months ended 31 March 2021. Read more »
Published
April 9, 2021
by Courtney Ayre
Transportation technology services company EROAD Limited (NZX/ASX: ERD) (EROAD) today announces that it has signed its largest Australian enterprise customer, Ventia. Read more »
Published
March 11, 2021
by Mark Heine
Transportation technology services company EROAD Limited (NZX/ASX: ERD) today announces that has added further management talent to support its growth ambitions within North America and Australia. Read more »
Published
November 26, 2020
by Courtney Ayre
EROAD is pleased to announce the appointment of Tim Hogan to the role of Chief Technology Officer, starting on 30th November. Read more »
Published
November 26, 2020
by Mark Heine
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 »
Published
September 18, 2020
by Mark Heine
Transportation technology business EROAD Limited (NZX/ASX: ERD) today announces it has successfully raised approximately NZ$42 million through its placement announced on 17 September 2020 at a price of NZ$3.90 per share (AU$3.59 per share), representing a 10.3% discount to the last close price on the NZX on 14 September 2020 of NZ$4.35; and 9.0% discount to the ten-day volume weighted average price on the NZX of NZ$4.29. Read more »
Published
September 17, 2020
by Mark Heine
Transportation technology business EROAD Limited (NZX/ASX: ERD) (EROAD) today announces it has been admitted onto the Australian Stock Exchange (ASX) on the evening of 16 September and is seeking to raise NZ$50 million through a NZ$42 million fully underwritten placement of shares (“Placement”) and a NZ$8 million share purchase plan (“SPP”). Read more »
Published
July 27, 2020
by Mark Heine
EROAD CTO Jarred Clayton has advised he has been approached by marine technology company Navico to join as its global CTO and will be moving on from EROAD after nearly 12 years. Read more »
Published
July 21, 2020
by Mark Heine
Candace Kinser has formally advised the EROAD Board that she will retire as an independent Director effective 24 July 2020. Read more »
Published
July 1, 2020
by Mark Heine
Michael Bushby has announced his intention to retire as an independent Director on the Board and as a member of the Remuneration, Talent and Nomination Committee and Finance, Risk and Audit Committee with effect from today. Read more »
Published
June 18, 2020
by Courtney Ayre
Transport technology services company EROAD (ERD.NZX) today released its financial results for the 2020 financial year. All numbers relate to the year ended 31 March 2020 and comparisons relate to the year ended 31 March 2019. Read more »
Published
April 28, 2020
by Courtney Ayre
Transport technology services company EROAD today released its regular quarterly update for the three months ended 31 March 2020 and provided an update on the impacts of COVID-19 on its business. Read more »
Published
April 1, 2020
by Courtney Ayre
EROAD has completed the previously signalled refinancing of its debt facilities and has entered into a new syndicated three-year debt facility with Bank of New Zealand and China Construction Bank. Total committed syndicated facilities amount to $60.0 million which includes $36.1 million of term debt, relating largely to refinanced debt, a new $20.0 million capital expenditure facility and a $3.9 million working capital facility. Read more »
Published
March 24, 2020
by Courtney Ayre
EROAD can confirm that it has been designated an essential service by the New Zealand Government as New Zealand moves into level 4 COVID-19 status by mid-night Wednesday. Read more »
Published
January 23, 2020
by Courtney Ayre
Transport technology services company EROAD today released its quarterly update for the three months ended 31 December 2019. Read more »
Published
January 13, 2020
by Courtney Ayre
EROAD today announces the appointment of Barry Einsig to the Board as a North American based independent director. Read more »
Published
November 22, 2019
by Mark Heine
Transport technology services company EROAD (ERD.NZX) today released its financial results for the first half of the 2020 financial year. Read more »
Published
October 18, 2019
by Courtney Ayre
Transport technology services company EROAD today released its quarterly update for the three months ended 30 September 2019. Read more »
Published
September 27, 2019
by Courtney Ayre
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. Read more »
Published
September 23, 2019
by Courtney Ayre
Investors will hear from members of the Executive Leadership Team who will present an update on the Company’s growth strategy, the progress achieved to date and the path to reaching the next milestone of 250,000+ subscribers. Read more »
Published
July 11, 2019
by Courtney Ayre
Transport technology services company EROAD today released its quarterly update for the three months ended 30 June 2019. Read more »
Published
July 1, 2019
by Courtney Ayre
EROAD has been chosen Best Large Business in the Air New Zealand Cargo Export NZ 2019 Awards. This annual award ceremony was held in Auckland late last week and recognizes success by net return to the New Zealand economy. Read more »
Published
May 28, 2019
by Courtney Ayre
EROAD Limited (ERD) results for the financial year to 31 March 2019. Read more »
Published
April 2, 2019
by Courtney Ayre
EROAD has now completed the leadership investment planned for FY19, ensuring the company is more robust and well positioned for continued growth across all markets. Read more »
Published
March 29, 2019
Susan Paterson has been appointed to the Board as a non-executive director. Ms Paterson will also chair the Finance, Risk and Audit Committee.
Read more »
Published
March 1, 2019
by Courtney Ayre
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 »
Published
January 23, 2019
by Courtney Ayre
Transport technology services company EROAD today released its quarterly update on unit sales numbers for the period ending 31 December 2018. Read more »
Published
November 26, 2018
by Mark Heine
Integrated technology and services provider EROAD Limited (NZX:ERD) announced continued progress in the first half of the financial year to 30 September 2018, whilst it invested to scale for the next level of growth. Read more »
Published
November 13, 2018
by Courtney Ayre
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 »
Published
October 5, 2018
by Mark Heine
Transport technology services company EROAD today released its quarterly and six-monthly update on unit sales numbers, for the period ended 30 September 2018. Read more »
Published
August 22, 2018
by Mark Heine
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 »
Published
July 10, 2018
by Sara Goessi
Transport technology services company EROAD today released its quarterly update on unit sales numbers, for the three months ended June 2018. Read more »
Published
June 6, 2018
by Sara Goessi
EROAD Limited advises that Chief Financial Officer Jason Dale has resigned to take up the role as Chief Financial Officer of New Zealand Steel Limited. Read more »
Published
May 18, 2018
by Sara Goessi
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 »
Published
April 6, 2018
by Sara Goessi
Transport technology services company EROAD today released its quarterly update on unit sales numbers showing strong growth for the quarter and year ended March 2018. Read more »
Published
March 1, 2018
by Sara Goessi
Further to its earlier announcement, EROAD Limited (EROAD) is pleased to confirm the final subscriptions received for its $6 million Share Purchase Plan (SPP). Read more »
Published
February 28, 2018
by Sara Goessi
EROAD Limited (EROAD) is pleased to announce that its $6 million Share Purchase Plan (SPP) has closed oversubscribed. Read more »
Published
February 8, 2018
by Sara Goessi
EROAD Limited (EROAD) announced on 12 December 2017 that it intended to raise at least $18 million of new capital. Read more »
Published
January 10, 2018
by Sara Goessi
Transport technology services company EROAD today released its quarterly update on unit sales numbers showing strong growth for the quarter and nine months ended December 2017. Read more »
Published
December 21, 2017
by Sara Goessi
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 »
Published
December 15, 2017
by Sara Goessi
EROAD Chairman, Michael Bushby, has welcomed the announcement today from the Australian Minister for Urban Infrastructure, the Honourable Paul Fletcher, regarding the National Heavy Vehicle Charging Pilot and the Business Case Program for local heavy vehicle trials. Read more »
Published
December 13, 2017
by Sara Goessi
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 »
Published
November 28, 2017
by Sara Goessi
Integrated technology, and services provider EROAD Limited says it has enjoyed record sales growth in both its foundation New Zealand market and its growing North American market. Read more »
Published
November 21, 2017
by Sara Goessi
Transportation management software provider to take part in an I-95 Corridor Coalition truck pilot exploring the feasibility of a multi-state MBUF approach. Read more »
Published
November 20, 2017
by Sara Goessi
EROAD Limited (NZX:ERD) announced today that it intends to release on Tuesday, 28 November 2017 its financial results for the six months ended 30 September 2017. Read more »
Published
October 5, 2017
by Sara Goessi
Transport technology services company EROAD today released its quarterly update on unit sales numbers showing strong growth for the quarter and half year ended September 2017. Read more »
Published
September 8, 2017
by Sara Goessi
8 September 2017 Auckland - The US House of Representatives rejected a last-ditch effort to delay the December 18th implementation date for Electronic Logging Devices (ELDs). Read more »
Published
July 5, 2017
by Sara Goessi
EROAD Limited (NZX:ERD) notifies NZX that Bruce Wilson has given notice that he will resign from his role of Chief Technology Officer, effective from today. Read more »
Published
July 4, 2017
by Sara Goessi
Transport technology services company EROAD today released its quarterly update on unit sales numbers showing strong growth, for the three months ended June 2017. Read more »
Published
July 3, 2017
by Sara Goessi
EROAD has become the first provider to deliver an independently verified and compliant ELD (electronic logging device) to the US market. Read more »
Published
June 14, 2017
by Sara Goessi
Following on from EROAD’s market announcement on 30 May 2017, Mr Newman said EROAD is pleased to announce it has accepted a credit approved facility letter of offer from the BNZ, Read more »
Published
June 14, 2017
by Sara Goessi
Transport technology services company EROAD says it no longer employs a person convicted of insider trading yesterday. Read more »
Published
June 14, 2017
by Sara Goessi
The US Supreme Court has decided to reject a hearing on the lawsuit against the US Department of Transportation’s ELD (electronic logging device) mandate. Read more »
Published
May 30, 2017
by Sara Goessi
EROAD Limited reported a sound full year result reflecting continued investment and strong growth of installed in-vehicle units by 30%, lifting revenue to $33 million. Read more »
Published
March 2, 2017
by Sara Goessi
Transport technology service provider EROAD has successfully registered the first in-cab, hardware-based Electronic Logging Device (ELD) for the US market. Read more »
Published
October 27, 2016
by Sara Goessi
Transport services provider EROAD has appointed Jason Dale to the position of Chief Financial Officer (CFO). Read more »
Published
July 7, 2016
by Sara Goessi
EROAD Ltd (ERD) is pleased to announce the appointment of Jarred Clayton as
Chief Operating Officer (COO). Read more »
Published
May 26, 2016
by Sara Goessi
EROAD Limited reported a solid full year result continuing strong growth, including revenue growth of 49% to $26.2 million. Read more »
Published
May 23, 2016
by Sara Goessi
One of America’s leading transportation policy experts, Gregg Dal Ponte, has joined the board of transport technology and services company EROAD. Read more »
Published
April 4, 2016
by Sara Goessi
EROAD’s second-generation in-vehicle device has been approved by the NZ Transport Agency as an Electronic Distance Recorder (EDR). Read more »
Published
January 29, 2016
by Sara Goessi
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 »
Published
July 31, 2015
by Sara Goessi
EROAD is pleased to announce it has received approval from Callaghan Innovation for a Research and Development (R&D) Growth Grant. Read more »
Published
May 28, 2015
by Sara Goessi
EROAD Limited reported a strong full year result delivering continued growth in units and revenue, and successfully established its North American business in Oregon, USA. Read more »
Published
May 14, 2015
by Sara Goessi
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 »
