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Cleanaway Waste Management ( (AU:CWY) ) has shared an announcement.
EROAD has entered into an agreement with Cleanaway Waste Management Ltd. to deliver a comprehensive vehicle monitoring solution for over 3,000 heavy vehicles in Australia. This partnership, which includes advanced safety and compliance features, is expected to generate over A$5 million in annual recurring revenue and highlights EROAD’s commitment to supporting the Australian market with innovative technology. The collaboration reflects Cleanaway’s dedication to safety and efficiency, marking a significant step towards safer roads and work environments.
The most recent analyst rating on (AU:CWY) stock is a Buy with a A$3.11 price target. To see the full list of analyst forecasts on Cleanaway Waste Management stock, see the AU:CWY Stock Forecast page.
More about Cleanaway Waste Management
EROAD is a hardware-enabled SaaS company that provides safety, compliance, sustainability, and efficiency solutions for complex vehicle fleets. Its connected platform is utilized by commercial and government operators in New Zealand, Australia, and North America to manage vehicles, assets, and drivers with enhanced visibility and control. EROAD is known for its regulatory expertise, having developed the world’s first GPS-based road user charging system in New Zealand, where it remains a market leader.
YTD Price Performance: -3.09%
Average Trading Volume: 6,951,655
Technical Sentiment Signal: Sell
Current Market Cap: A$5.62B
For detailed information about CWY stock, go to TipRanks’ Stock Analysis page.