30.04.2014 08:46:00
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Opus Group: Opus Inspection’s Subsidiary Envirotest Selected by the State of Indiana to Negotiate a Vehicle Inspection Contract
Regulatory News:
Opus Group (STO:OPUS)
The State of Indiana has selected Opus Inspection’s subsidiary, Envirotest Corp., to begin contract negotiations to provide Vehicle Emissions Testing services for the Indiana Department of Environmental Management (IDEM).
Under the proposed IDEM contract, Envirotest will:
· Operate and maintain a vehicle inspection program in Lake and Porter counties, Indiana capable of testing up to two hundred and twenty thousand (220,000) gasoline-powered vehicles annually.
· Testing will be conducted at up to seven (7) centralized testing stations with a minimum of twenty-two (22) testing lanes.
IDEM and Envirotest intend to negotiate a contract term of four (4) years with a State option to extend up to two (2) years.
"This is the first new contract awarded to Envirotest since it became an Opus Inspection subsidiary company earlier this year,” said Lothar Geilen, President and CEO of Opus Inspection. "We are extremely pleased that the Indiana Department of Environmental Management has demonstrated its confidence in our company and technology.”
"Envirotest expects to complete negotiations with IDEM very soon,” added Mark San Fratello, President of Envirotest. "We value the relationship we have had with IDEM for nearly two decades and are honored that they decided to enter negotiations with us to upgrade and continue to operate their vehicle emission testing program.”
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).
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