STOCKHOLM--(BUSINESS WIRE)--REgulatory News:
Opus Group (STO:OPUS):
On January 16, 2014, Opus Inspection assumed full operation of NYVIP2 under its exclusive contract with the State of New York. Opus Inspection has designed, built and delivered over 9,800 new vehicle inspection analyzers to participating inspection stations throughout the State of New York and is now processing 100% of the inspection related transactions with its new data management system. Opus Inspection began NYVIP2 operations in October 2013 in parallel with the legacy system, which has now been fully replaced by the new Opus system.
Under the NYVIP2 contract, Opus Inspection:
• Developed, installed, and manages a new data management system including a communications network that connects nearly 10,000 inspection stations.
• Provides and maintains new NYVIP2 inspection equipment for all stations.
• Processes over 11,000,000 inspections per year.
• Trains and supports approximately 60,000 certified inspectors statewide.
• Provides call center support for inspection stations, repair technicians and the motoring public.
“Today, less than 11 months since signing the contract, we have implemented the largest vehicle inspection program in the U.S.” said Lothar Geilen, President of Opus Inspection. “Almost 10,000 New York inspection stations are using the advanced on-board diagnostic (OBD) equipment we have designed, which is communicating in real-time with our new centralized data management system. We are especially grateful to the New York Department of Motor Vehicles for their support throughout the launch of the new NYVIP2 program.”
The contract will continue for a period of seven years and may be extended for up to two additional years. Gothenburg, January 23, 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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