EROAD Limited — Regulatory Filings 2017

Jun 14, 2017

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Statement to the NZX

14 June 2017

US Supreme Court rejects ELD lawsuit

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.

The OOIDA (Owner Operator Independent Drivers Association) took its challenge to the mandate to the Court after it was denied by the United States Court of Appeals for the Seventh Circuit on 31 October 2016.

The Supreme Court decision on 12 June 2017 ends the court challenge by the OOIDA.

The ELD mandate, which requires 4 million interstate commercial vehicles to implement ELD devices, remains fully intact with a compliance date of 18 December 2017.

“We expect to see continued growth in interest from carriers, as this decision removes any uncertainty around the future of ELDs,” Steven Newman, CEO of EROAD, said. “Fleets have been deferring their ELD decision based on OOIDA’s legal challenge. The industry as a whole now has less than six months to prepare for ELD compliance.”

EROAD’s ELD, which launched in March this year, is currently undergoing independent verification by PIT Group, an expert in third party transportation engineering and testing. Results of the verification process are expected later this month.

ENDS

For further information contact: Steven Newman Chief Executive Officer Steven.Newman@eroad.com +64 9 927 4713

About EROAD

EROAD is a fully integrated technology, tolling and services provider. EROAD’s goal is to offer flexible and powerful solutions based on its innovative technology to assist in the creation of a transport sector that is responsive to the evolving needs of business, government and the wider community.

The EROAD platform consists of a secure electronic distance recorder (Ehubo), integrated with mobile applications, and an online bank-grade payment gateway and services portal. It undertakes design and manufacture of its in-vehicle hardware, as well as software development, from its headquarters in Auckland, New Zealand.

TEL +64 9 927 4700 PO Box 305 394 FAX +64 9 927 4701 Triton Plaza, North Shore 0757 FREE 0800 4-EROAD Auckland, New Zealand

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EROAD’s advanced technology provides road charging, compliance and commercial services with the same platform to lower overall client and delivery costs for transport operators across New Zealand, Australia and North America.

For more information please visit www.eroad.com.

eroad.co.nz

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