2010.05.18

Nio Security to improve Italian port security

Nio Security, Inc. (OSE: NIO) today announced an new order for minimum 150 units of its sophisticate SteadyEye® video stabilising system from Genie CCTV Ltd, one of Nio’s main distributors. A major number of the SteadyEye® units will be used to improve port security in Italy.

Including the most recent order, Nio's order backlog continues to improve and now stands at around USD 1.2 million. This is more than the Company's total sales in 2009.

SteadyEye® is a world leading product in real time correction of instability in video images. Videos from security cameras orcameras mounted on e.g. vehicles or planes often shake, due to wind, vibrations or movement. SteadyEye® digitally stabilises such video signals real-time, resulting in improved video quality. The unique Nio technology has demonstrated its unprecedented performance in for example military drone planes, harbor surveillance and police cruisers.

Genie CCTV has been a certified distributor for Nio Security since 2006 and placed an order for another 600 units of the Company's advanced CloseView® video surveillance system as late as February this year.

“The new order from Genie CCTV is yet another confirmation that Nio Security represents the most sophisticated technology available in the video surveillance industry. The demand for advanced security solutions is growing and we see an increasing interest in Nio product in all markets,” said Nio Security’s Chairman and CEO Espen Brodin.

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