Systech Chile awarded a first contract to build and operate vehicle inspection stations in Chile

Systech Chile Ltda., a subsidiary of Opus Inspection, Inc., has been awarded a contract, through competitive bidding, to design, build, equip, and operate three centralized vehicle inspection stations in the Maule Region, south of Santiago, Chile.  The contract with the Maule Regional Ministry of Transportation and Telecommunication is for an 8-year concession to provide vehicle emission and road worthiness inspections in the cities of Curicó, Parral, and Constitución.

The inspection stations, known as “Plantas de Revisión Técnica” (PRT), will each contain Opus Inspection’s fully automated, state-of-the-art, multi-position lanes for both light and heavy duty vehicles. The concession will conduct approximately 65,000 paid vehicle inspections a year.

“We are very pleased to have been awarded a concession in Chile’s Region 7, and look forward to working with the Ministry to provide a consumer-friendly experience at our new PRT stations,” said Lothar Geilen, CEO of Opus Inspection. “This contract is a milestone for Opus Inspection, as it provides the foundation to expand our business in Chile, and elsewhere in South America.”

This contract will start generating revenues in 2015. The annual revenues of this contract are estimated to less than USD 1 million.

Mölndal, August 11, 2014
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

About Opus Group

Opus Group is a leading company in vehicle inspection technology and vehicle inspection program operations.  The Group has two main business areas which are vehicle inspection and equipment.  Opus Group is one of the market leaders in vehicle inspection operations in the US and Sweden.  Opus Bilprovning has 73 vehicle inspection stations in Sweden.  Opus Inspection operates vehicle inspection programs in the U.S., Bermuda, and Peru and is active in sales and service of emission control equipment in North America and Mexico.  Through the subsidiaries, Opus Equipment and J&B Maskinteknik, Opus Group conducts production, sales, and service of vehicle inspection equipment for vehicle inspection companies and vehicle workshops.  Opus Group’s revenues amounted to approximately SEK 1,047 million in 2013. Opus Group’s shares are listed on Nasdaq OMX Stockholm.

FFFS 2007:17 (10 kap 11§) (SFSA rules) - The information in this press release is published in accordance with the rules in the law (2007:528) under the Securities Market Act (2007:528).

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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