Opus Group’s subsidiary Systech awarded contract for New York Vehicle Inspection Program (NYVIP)

Systech International, LLC (“Systech”) has signed an exclusive contract with the New York State Department of Motor Vehicles (DMV) to sell 10,000 OBD inspection analyzers and implement a new data management system for motor vehicle safety and emissions inspections. The new program, the largest in the country, is fully funded by fees collected from the inspection stations with no cost charged to the State of New York.

Under the NYVIP contract, Systech will:

• Develop, install and manage a new data management system including a communications network to connect over 10,000 inspection stations.
• Sell and maintain new NYVIP inspection equipment to all stations.
• Process over 11,000,000 inspections per year.
• Train and support approximately 60,000 certified inspectors statewide.
• Provide call center support for inspection stations, repair technicians and the motoring public.
• Perform remote inspection data monitoring leveraging Systech’s propriertary technology to ensure inspection stations are properly performing inspections.

“We are excited to be working with the DMV and New York’s vehicle inspection business community on this vital project,” said Lothar Geilen, President of Systech. “The advanced on-board diagnostic equipment designed and built by Systech for the inspection stations, will guarantee the highest vehicle connectivity rate ever required in an inspection program and assure inspection integrity with stringent anti-fraud software. Our latest innovations in data management will connect the stations to the Department with real-time communications and live, interactive applications to streamline the State’s oversight responsibilities.”

The contract will continue for a period of seven years from the date the NYVIP system is deemed to be operational and may be extended by the DMV for up to two additional years. The contract is expected to be operational on December 1, 2013. The contract is expected to start generating revenues in 2013 with the delivery of NYVIP equipment. The order value of the contract is not disclosed due to competitive reasons.

Gothenburg, Sweden, March 5, 2013
Opus Group AB (publ)

This press info is available in Swedish at www.opus.se.

For additional information, please contact
Magnus Greko
President and CEO
Phone: 46 31 748 34 00
E-mail: magnus.greko@opus.se

Peter Stenström
Investor Relations
Phone: 46 765 25 84 93
E-mail: peter.stenstrom@opus.se

Opus Group's Certified Adviser
Thenberg & Kinde Fondkommission AB
Krokslätts parkgata 4
SE-431 24 Mölndal, Sweden
Phone: 46 31 745 50 00

Opus Group operates vehicle inspection programs and develops, manufactures and sells equipment and IT systems to the vehicle inspection industry. Opus Bilprovning is a subsidiary within vehicle inspection and has 70 vehicle inspection stations in Sweden. Opus Group’s subsidiary Systech operates vehicle inspection programs in the U.S., in Bermuda and in Peru. Opus Group’s subsidiary ESP is active in sales and service of emission control equipment in North America and Mexico. Through the subsidiaries, Opus Equipment, Opus Bima and J&B Maskinteknik, Opus Group conducts production, sales and service of emission control equipment for vehicle inspection companies and vehicle workshops. On November 5, 2012, Opus Group acquired a third of Bilprovningen’s business, which is now operated by Opus Bilprovning. Opus Groups revenues amounted to approx. SEK 471 million in 2012. Opus Group’s shares are listed on Nasdaq OMX First North Premier.


About Us

Opus is a technology driven growth company in the vehicle inspection and vehicle services markets. The company has a strong focus on customer service and innovative technology within emission and safety testing and vehicle services. Opus’ plan is to double its revenues to reach USD 400 million in revenues and USD 100 million in EBITDA by 2021. The main growth is estimated to come from the expansion of the vehicle communication and services business and the international expansion of the vehicle inspection business with a primary focus on the Latin American and Asian markets. Opus is headquartered in Gothenburg, Sweden. Opus has 30 regional offices of which 20 are located in the United States and the others in Stockholm, Peru, Chile, Argentina, Australia, Germany (dormant), Mexico and Pakistan. Opus has production facilities in the U.S. in Hartford, Ann Arbor and Tucson. The Opus share is listed on Nasdaq Stockholm.


Documents & Links