Strengthening of Nio's management and sales in accordance with the refinancing strategy

Nio Security, Inc. is continuing its work to increase

sales and has strengthened the management team by

hiring Monica Andersen as Chief Technology Officer

(CTO).

Ms. Andersen combines a unique and very strong

background in both technology and business

management, as well as proven entrepreneurial skills

in starting Media Lab AS (one of the first companies

to develop advanced computer graphics). Over the

course of her 30+ career, she has undertaken pure

research at the University of Oslo in astrophysical

simulation and statistical analysis; directed R&D

activities at Norsk Titanium Technology AS and Norsk

Data AS and managed mission-critical R&D projects at

Fast Search & Transfer ASA as well as Andersen

Consulting (now Accenture).

Attached is the full press release distributed today.

For further information, please contact Espen Brodin,

Chairman & CEO, +47 92 04 45 58.

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