Opus Group: State of Maryland extends the vehicle inspection contract to Envirotest

Regulatory News:

Envirotest, Corp., subsidiary of Opus Inspection, has received an extension of its contract to provide Vehicle Emissions Inspection Program services for the State of Maryland, Motor Vehicle Administration (MVA).  The amendment will extend the contract until September 30, 2019.

Since 1992, Envirotest has managed the Maryland program and currently operates 18 centralized inspection stations, with a total of 81 lanes. The company’s services include provision of a host computer with a fully integrated data acquisition and reporting system for the stations, MVA, and the Maryland Department of the Environment (MDE).

Maryland’s Motor Vehicle Emissions Inspection Program tests 1.7 million vehicles annually for auto emissions in the Baltimore-Washington corridor. The value of the amendment for the five year renewal period of the contract is not to exceed $64,084,272. All other terms and conditions in the original contract remain in effect.

"We are very grateful that MVA has extended the contract for another five years,” said Jim Sands, President of Opus Inspection. "The confidence that MVA has placed in our management and operations team reflects our dedication to providing the highest quality service to our customers and motoring public.”

Mölndal, September 5, 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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