Opus Inspection acquires FASTLIGN® (1)

POSTED 14 September 2016

Opus Inspection acquires FASTLIGN®

Opus Inspection has acquired controlling interest in FASTLIGN®, a patented laser-based technology that instantly measures wheel alignment of cars and trucks. This ground-breaking automated technology identifies faults in steering, suspension, and wheel distortion with a speed and convenience that no conventional methods can match.  A significant percentage of in-use vehicles have wheel alignment, suspension, and tracking issues that often go unnoticed.  The FASTLIGN® vehicle test is performed touchless, and is completed in less than three seconds as vehicles are driven between two laser towers FASTLIGN® on their way into a service area.

FASTLIGN® expands upon Opus’ significant vehicle testing technology and is being used by automotive service shops and dealerships to make a pass/fail determination. Vehicles failing this fully automated test receive a service recommendation.

Opus Inspection has formed a new company, Fastlign LLC, with BanaLogic, Inc. – the developer of FASTLIGN®. The new company controls all of the intellectual property associated with the FASTLIGN® and is majority owned by Opus Inspection. BanaLogic will continue to support FASTLIGN® while Opus Inspection promotes FASTLIGN® throughout all segments of the vehicle inspection and repair industry.

“Opus Inspection will bring FASTLIGN® to new markets by leveraging Opus Inspection’s global presence in the vehicle inspection industry,” said Mr. Troy Woolridge, CEO of BanaLogic. “Our current FASTLIGN® product is especially valuable to automotive dealerships, repair shops, and tire shops, who will be able to expand their customer offerings. In addition, Opus will be able to add value to the road worthiness inspections performed at Opus-owned stations.”

Opus Inspection CEO, Lothar Geilen, stated, “FASTLIGN® will be an integral part of our strategic plan to expand our cutting-edge, automated inspection technologies and vehicle services. It will be initially offered to many of our existing 28,000 shop customers in the U.S. market, and ultimately worldwide. This is an exciting new addition to Opus innovative product and services line up.”

Mölndal, Sweden, September 14, 2016

Opus Group AB (publ)

This press info is available in Swedish at www.opus.se. This is an English translation of the Swedish press release. In case of differences between the English translation and the Swedish original, the English text shall prevail.


For additional information, please contact
Magnus Greko
President and CEO
Phone: 46 31 748 34 00
E-mail: magnus.greko@opus.se

Peter Stenström
Investor Relations
Phone: 46 765 25 84 93
E-mail: peter.stenstrom@opus.se

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