Systech Awarded Contract Extension by the State of Connecticut for up to Three Years

 

Press Release

 

Contact: Lothar GeilenPhone: (954) 667-7740Fax: (954) 341-2056lothar.geilen@systechportal.comwww.websti.com FOR IMMEDIATE RELEASE8:00 A.M. EDT, January 22, 2013

 

Systech International LLC (“Systech”) has signed a contact with the State of Connecticut Bureau of Enterprise Systems and Technology (BEST) to continue to manage the Emissions Database Management System (EDBMS) in connection with Connecticut’s vehicle inspection program.

 

Under the EDBMS contract extension, Systech will:

–>     Continue support services through February 28, 2014 with two (2) additional one-year possible extension periods.

–>     Upgrade Oracle database system software used for the EDBMS.

–>     Manage and maintain EDBMS hardware and software that processes over 1.2 million vehicle inspections per year.

“Systech is proud of our relationship with the State of Connecticut and the successful implementation and management of the EDBMS.  We are looking forward to continue providing industry leading database management services for the Connecticut vehicle inspection program to the State,” said Lothar Geilen, President and CEO of Systech.

The contract’s 3-year revenue potential exceeds $1.5 million.

 

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Opus Group operates vehicle inspection programs and develops, manufactures and sells equipment and IT systems to the vehicle inspection industry. Opus Bilprovning is a subsidiary within vehicle inspection and has 70 vehicle inspection stations in Sweden. Opus Group’s subsidiary Systech operates vehicle inspection programs in the U.S., in Bermuda and in Peru. Opus Group’s subsidiary ESP is active in sales and service of emission control equipment in North America and Mexico. Through the subsidiaries, Opus Equipment, Opus Bima and J&B Maskinteknik, Opus Group conducts production, sales and service of emission control equipment for vehicle inspection companies and vehicle workshops. In July 2012, Opus Group signed an agreement with Bilprovningen to acquire a third of Bilprovningen’s business. Opus Groups revenues amounted to approx. SEK 232 million in 2011. The 2011 pro forma revenues amounted to approx. SEK 953 million. Opus Group’s shares are listed on Nasdaq OMX First North Premier.