Regulatory Filings • Nov 19, 2010
Regulatory Filings
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Nio Security, Inc. has entered into a dealership
agreement with G4S Secure Solutions AS Norway, a
company part of the world leading security solutions
group G4S PLC. Through the agreement Nio takes an
even stronger position in the Nordic market for
sophisticated video surveillance.
The agreement covers the Norwegian market and
represents an estimated sales volume of USD 2 million
in 2011, primarily Nio's sophisticated CloseView
automated multi object tracker. G4S has tested Nio's
products under various and extreme conditions before
deciding to move forward with a partnership.
G4S will on the basis of the cooperation market Nio's
products in the Norwegian security market. The
company has already included the first units in
planned deliveries to multiple installations with
major end users in Norway. G4S offers security
solutions in more than 110 markets worldwide and Nio
will on the basis of the cooperation now established,
pursue further international business opportunities.
"Our extensive testing of Nio's security solutions
has provided quite impressive results. We are
convinced that by integrating Nio in our security
product portfolio, G4S will be able to build an even
stronger position in the sophisticated end of the
security market," said Director of Sales Ola Skjåk-
Bræk at G4S.
"We are proud to be included in G4S' security
portfolio. This is an important milestone, and we see
our new partnership as yet another confirmation that
Nio's products are highly attractive in the market,"
said Nio Security Chairman and CEO Espen Brodin.
Nio earlier this year entered into a number of
agreements covering the Nordic region. By partnering
also with G4S, Nio has taken a significant share of
the Nordic video surveillance market.
"The outlook for rapid growth in the European
security markets has never been more promising than
now," Espen Brodin said.
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 Exchange (ticker: NIO). For more
information, see www.niosec.com.
G4S is the world's leading security solutions group,
which specialises in outsourcing of business
processes in sectors where security and safety risks
are considered a strategic threat. G4S has operations
in more than 110 countries and more than 610,000
employees. For more information, see www.g4s.com.
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