Regulatory Filings • Aug 16, 2010
Regulatory Filings
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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.
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