2010.08.16

Infratek becomes Nio Security dealer for Nordic region

Nio Security, Inc. (OSE: NIO) today announced that the Company has entered into a dealership agreement with Infratek, covering the Nordic region. The agreement is an important milestone in developing Nio as a main provider of sophisticated video surveillance equipment in Europe.

Infratek, a leading Nordic supplier of critical infrastructure as well as security solutions, will market and sell Nio's products in the region. Nio estimates that the dealership agreement will represent sales in excess of USD 1 million.

"The Infratek agreement is a breakthrough in the Nordic security market. We are teaming up with one of the leading vendors in the region. The contract not only adds to our growing order flow, it also further builds our reputation as the technology leader in sophisticated video surveillance," said Nio Security Chairman and CEO Espen Brodin.

Nio Security has during 2010 been awarded a number of contracts throughout Europe and established several new dealership agreements. The Company's order flow is now significantly higher than last year.

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, the CloseView dynamic surveillance system and the SteadyEye sophisticated video stabilising system, are considered the most advanced video surveillance systems available. Nio Security Inc is headquartered in the United Stated and listed on the Oslo Stock Exhange (ticker: NIO).

Infratek is one of the leading Nordic players within building, operating and securing of critical
infrastructure. The Group delivers a wide range of services for power grids, fiber networks, district heating, public street lighting, railway systems and technical high security solutions. Infratek has 1,900 employees in Norway, Sweden and Finland, and had revenues of approximately NOK 2.6 billion in 2009. Infratek is listed on the Oslo Stock Exchange.