GOTHENBURG, Sweden--(BUSINESS WIRE)--Regulatory News:
On January 1, 2014, Opus Inspection (STO:OPUS) successfully began vehicle inspection operations under its exclusive contract with the Commonwealth of Virginia Department of Environmental Quality (DEQ) to provide Vehicle Emissions Inspection & Maintenance Program, Program Coordinator Services. Over 530 Virginia inspection stations are now communicating with Opus Inspection’s data management system, which will process approximately 900,000 inspections per year.
Over the next few months, Opus Inspection will replace the legacy inspection equipment in all of the inspection stations with new NVAS-2 inspection equipment. Opus Inspection designs and manufactures the new equipment that provides much better reliability and accuracy than the legacy equipment. Opus Inspection will own the equipment and will be responsible for its maintenance to the highest quality standards for the duration of the contract.
Under the Virginia contract, Opus Inspection will also:
• Train and support licensed emissions inspectors;
• Provide support to DEQ licensing and certification functions for inspectors, repair technicians and repair facilities;
• Provide call center support for inspection stations; and
• Perform remote inspection data monitoring leveraging Opus Inspection’s proprietary technology to ensure inspection stations are properly performing inspections.
"The launch of the vehicle inspection operations is a significant milestone in our contract with Virginia," said Lothar Geilen, President of Opus Inspection. "Soon, we are implementing our latest innovations in data management that will connect the stations to the Department with real-time video and data communications, and live, interactive applications to streamline the DEQ’s oversight responsibilities."
The contract will continue for a period of seven years and may be extended by the DEQ for two additional years.
The order value of the contract is not disclosed due to competitive reasons.
Gothenburg, January 13, 2014
Opus Group AB (publ)
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 72 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 469 million in 2012. 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).
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