Press
POSTED 18 April 2012

Systech Signs Vehicle Inspection Program Contract with the State of North Carolina

Opus Prodox AB (publ) today announces that Opus’ subsidiary, Systech International LLC., has signed a contract with the North Carolina Department of Transportation (NCDOT) to develop the Motor Vehicle Inspection and Law Enforcement System (MILES). The contract starts immediately, and includes the design, development, implementation and maintenance of a statewide data management system that will provide a real-time link to over 6,000 private inspection stations conducting 7.7 million inspections per year.  When fully implemented, MILES will provide over 300 officers and staff of the North Carolina Division of Motor Vehicles (NCDMV) License & Theft (L&T) Bureau, located in 8 district offices across the State, with new computerized tools to manage and enforce the inspection program, conduct audits, manage evidence and cases, investigate motorist complaints and maintain the highest standards of quality and public service.

“We are pleased that the State of North Carolina has chosen Systech to develop MILES, which will manage the third largest vehicle inspection program in the United States” said Lothar Geilen, President and CEO of Systech. “We are looking forward to implementing our innovative data management technology for the benefit of the citizens of North Carolina.”

“The proposed MILES system promises the N.C. Division of Motor Vehicles a modernized data management system that will mean enhanced and accurate recordkeeping for our staff and better service for our citizens,” stated DMV Commissioner Mike Robertson.

Systech anticipates that the MILES contract will result in over USD 6 million in revenues in 2012 and 2013, with the potential of an ongoing maintenance contract after program implementation. This contract is expected to positively impact the company’s EBITDA starting in 2012. Total order backlog at Systech is over USD 90 million.

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
E-mail: magnus.greko@opus.se

Opus’ Certified Adviser
Thenberg & Kinde Fondkommission AB
Box 2108, SE-403 12 Gothenburg, Sweden,
Phone: +46 31 745 50 00


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