2010.09.01

Nio Security enters the Danish video surveillance market

Nio Security, Inc. (OSE: NIO) today announced that Danish Secure Vision Group will become a distributor for Nio’s sophisticated video surveillance solutions in Denmark and parts of Sweden. The Group has placed an initial order for Nio’s advanced CloseView video surveillance system.

The Scandinavian and European markets for sophisticated surveillance systems are growing rapidly. The cooperation with Secure Vision Group is the last of a number of European distributor agreements secured by Nio during recent months.

Secure Vision Group provides security and surveillance solutions for law enforcement, the public sector, businesses and private customers. The group will market and support Nio products towards security dealers and integrators throughout Denmark and parts of Sweden. A growing crime rate and terrorism threats represent increasing security needs and Secure Vision Group will use the CloseView system for a number of security purposes.

The order represents a large number of units with a combined sales value in excess of USD 650,000. Including the order at hand, Nio’s order backlog currently stands at approximately USD 3 million. In addition, dealer agreements add an estimated USD 1.5 million to future sales.

For further information please contact Espen Brodin, Chairman & CEO, +47 920 44 558.

Nio Security, Inc. helps protect life and property through the development and sales of sophisticated video surveillance solutions. The Company’s technology is unrivalled and the main products CloseView and SteadyEye are considered the most advanced video surveillance systems available. Nio Security, Inc. is headquartered in the United Stated and listed on the Oslo Stock Exchange (ticker: NIO).