Opus Prodox AB (publ) today announces that its wholly-owned subsidiary SysTech
International LLC, has has received a one-year extension from the Connecticut
Department of Motor Vehicles for its current contract for management and
maintenance of the State's Emissions Database Management System (EDBMS) for the
statewide enhanced emissions inspection program.
The EDBMS was developed and installed by SysTech in 2003 and is fully Internet
based, with all inspection station equipment on-line at all times during station
business hours. Over 1 million tests per year are being conducted on the EDBMS.
“We are grateful that the Connecticut Department of Motor Vehicles continues to
have confidence in SysTech's EDBMS”, says Lothar Geilen, CEO of SysTech. “This
extension is proof of the exemplary business relationship we have maintained
with the DMV. We remain fully committed to supporting the advanced technology
SysTech developed for the State and ensuring continued uninterrupted service to
DMV and the Connecticut vehicle inspection stations.”
The amendment extends the term of the contract for a one (1) year period from
May 9, 2010 to May 9, 2011.
The value of the contract extension is not disclosed due to competitive reasons.
The extension does not trigger any earn-out payments to the sellers of SysTech.
This press info is available in Swedish at www.opus.se
For additional information, please contact
Magnus Greko, President and CEO
Phone: +46 31 748 34 91, +46 705 58 45 91
E-mail: magnus@opus.se
Opus' Certified Adviser
Thenberg & Kinde Fondkommission AB
Box 2108
SE-403 13 Gothenburg
Sweden
Phone: +46 31 745 50 00
SysTech International, established in 1999, is part of the Opus Group and
providesturnkey vehicle inspection pro- gram management services, including
vehicle information databases, and advanced emission and safety test systems to
various levels of government agencies (federal, state and regional) and to
individual inspection stations. The Opus Group is in the business of
developing, producing and selling products and services within Automotive Test
Equip- ment, Vehicle Inspection Systems and Fleet Management for the global
market. The Group'sproducts include emission analyzers, diagnostic equipment
and automatic test lines. Services include management of mandatory vehicle
inspec- tion programs. The Group sells its products and services in more than
50 countries all over the world and currently employs around 170 persons. The
turnover for 2008 was SEK 175 million pro forma (including acquisitions). Opus'
share is listed on First North Premier (NASDAQ OMX) under the ticker OPUS.
