Opus Group: Envirotest Contracted by the State of Indiana for Vehicle Emissions Testing Program

Regulatory News:

Opus Group  (STO:OPUS)  

The State of Indiana has signed a contract with Opus Inspection’s subsidiary, Envirotest Corp., to provide Vehicle Emissions Testing services for the Indiana Department of Environmental Management (IDEM).

Under the new contact with IDEM, Envirotest will:

• Operate and maintain the Clean Air Car Check Program (CACC) in Indiana’s Lake and Porter counties, capable of testing up to two hundred and twenty thousand (220,000) gasoline-powered vehicles annually.

• Conduct vehicle emission testing at the existing, company owned, seven (7) centralized testing stations with a minimum of twenty-two (22) testing lanes.

"We are very pleased that IDEM is continuing the successful relationship we have enjoyed since 1997,” said Jim Sands, President of Opus Inspection.  "Our primary mission in Indiana is to continue to assist the State in fulfilling its objectives to improve air quality through an efficient, effective, and convenient vehicle inspection program that is user friendly to all motorists in Lake and Porter Counties.”

The contract term is four (4) years, through December 31, 2018, with an option for the State to extend the contract up to four (4) additional years.  The value of the base contract is $21,170,400. 

Mölndal, September 15, 2014

Opus Group AB (publ)

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 74 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).

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