Opus Inspection begins vehicle inspection program in Lahore, Pakistan

Chief Minister of Punjab, Shahbaz Sharif, in cooperation with Opus Inspection (Pvt) Ltd, officially inaugurated the new Vehicle Inspection and Certification System (VICS) in Lahore, Pakistan, on Saturday, 23 July 2016.  Addressing a large crowd of public officials, the Chief Minister said, "It is a big program, not just in terms of cost or size, but in terms to the safety of persons travelling on roads of Punjab.  This new system will completely change the existing setup for checking motor vehicles for roadworthiness and emissions.  The death and injury to passengers and citizens due to decrepit vehicles and defective breaks is a tragedy we cannot allow to continue."

  

The VICS is being implemented by Opus Inspection under an exclusive twenty (20) year contract.  The program will be extended from Lahore to the whole province of Punjab by 2017.  A total of 39 stations of various sizes will be constructed and managed by Opus Inspection, to provide convenient service to the motoring public.

Mr. Magnus Greko, President and CEO of Opus Group said, "We are pleased to support the Transport Planning Unit and are deeply impressed with the commitment of the Government of Punjab to the health and safety of its citizens."

Opus Inspection operates vehicle inspection programs in the Americas, Asia, and Europe and manages over 25 million inspections every year.  The Company is a Global leader in the development and supply of technology and services to governments around the world that are concerned to increase road safety and reduce harmful vehicular pollution.

Vehicles inspected in VICS receive a unique green and white windscreen sticker, which contains an embedded RFID tag.  This is a first-of-its-kind application of RFID in a vehicle inspection program anywhere in the world.  Opus Inspection has pioneered this technological advancement as a means to ensure that the stickers are fraud-proof, and can’t be duplicated.  Data stored within the stickers is associated uniquely with the vehicles, and can be read remotely for identification and enforcement purposes.  For more information, see the program website, http://punjab.vics.pk.

Mölndal, July 26, 2016
Opus Group AB (publ)

  

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 is a leading innovative technology focused growth company in the vehicle inspection market. The company has a strong focus on customer service and innovative technology within IT, emission testing and vehicle communication. The Group had SEK 1,650 million in revenues in 2015 with strong operating cash flow and good operating profitability.With over 1,500 employees, Opus Group is headquartered in Mölndal in the Gothenburg region of Sweden and has 25 regional offices, 20 in the United States and the others in Stockholm, Peru, Chile, Mexico and Pakistan. Opus Group has production facilities in the U.S. in Hartford and Ann Arbor. The Opus Group share is listed on Nasdaq Stockholm.

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.

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