Sunday, 18 February 2018

Announcement

GENERAL: ERD: EROAD Welcomes Australian HV Charging Initiatives

15 Dec 2017 15:40NZX
15 December 2017 Auckland

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. These announcements demonstrate a
clear pathway and timetable towards a potential sustainable distance-based
heavy vehicle road charging mechanism.

The adoption of Electric Vehicles in the freight sector is moving faster than
forecasted and Tesla''s announcement that it will bring its electric
semi-truck to market in 2019 further drives the need for all heavy vehicles
to be contributing to the funding for road infrastructure.

Mr Bushby said EROAD would be pleased to assist the Australian Government
with both the National Heavy Vehicle Charging Pilot and local heavy vehicle
trials, and to demonstrate the heavy vehicle charging methods implemented in
other jurisdictions.

We are well positioned to help on a strategic or operational level, bringing
our experience in successfully deploying heavy vehicle road charging in
Oregon and New Zealand, and in the recent California Road Charge Pilot.

For further information contact:
Michael Bushby
Chairman
EROAD Limited
Phone: +64 9 927 4747
Email: michael.bushby@eroad.com

About EROAD

EROAD modernises road charging and tax compliance and health and safety
compliance for road transport by replacing paper-based systems with
easy-to-use electronic systems that also improve fleet management. The
company is headquartered in Auckland, New Zealand, and listed on the New
Zealand Exchange (NZX). Its US business is based in Portland, Oregon, serving
customers with vehicles operating in every US mainland state, growing outward
in concentration from the Northwest. In 2009 EROAD introduced the world''s
first nationwide electronic road user charging (eRUC) system in New Zealand
and, in 2017, more than 50% of heavy transport RUC is expected to be
collected electronically, representing a rapid transition to e-commerce on a
voluntary, industry-led basis, due to the cost- savings and benefits to
customers. EROAD is also a leading provider of health and safety compliance
services, including vehicle management and driver behaviour and performance
measures.

www.eroad.co.nz

ENDS
End CA:00312040 For:ERD    Type:GENERAL    Time:2017-12-15 15:40:03
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