2010.05.10

Nio Security to improve surveillance in Spain

Nio Security, Inc. (OSE: NIO) today announced an order for minimum 250 units of its CloseView sophisticated video surveillance system from Spains leading security provider, Euroma Telecom SA. The advanced video surveillance cameras will be used for a number of security purposes in Spain.

Including the Spanish order, Nio’s order backlog now stands at approximately USD 1 million. This is more than the Company’s total sales in 2009.

Euroma will become Nio’s main distributor in Spain, which is a growing market for sophisticated security products. The growing crime rate, terrorism threats and illegal immigration represent challenges that need to be met. Euroma will, together with Nio and Genie CCTV Ltd, market and support Nio products towards security dealers and integrators throughout Spain.

Nio is currently in negotiation with several other companies within distribution and security regarding sale of its products.

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