Nio's Intelligent Camera & DVR Security Solutions to Complement Lenco's 3D Visualization Software; Companies Agree to Resell and Combine Respective Technologies For New Command & Control Solutions OSLO, Norway and BOKEELIA, Fla., July 22
OSLO, Norway and BOKEELIA, Fla., July 22 /PRNewswire-FirstCall/ -- Nio(R)
Security Inc. (OSE: NIO) - the leading provider of intelligent video security
camera and DVR solutions for civilian security applications - today announced
it has signed a strategic agreement and alliance with Lenco Software AS (Oslo,
Norway) - a respected developer of military GIS and 3D visualization software
with additional NBC (Nuclear, Biological, Chemical) detection products.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080512/CLM067LOGO )
The agreement gives Nio access to one of the most advanced 3D
visualization and navigation software solutions available for maps and
satellite images. Also covered in the agreement is Lenco's sophisticated
alarm- and event management system that has already been adopted by several
NATO countries as part of their national defence solution. Lenco software will
become the foundation of Nio's new civilian control room solutions that fully
leverage the company's auto-tracking EyeMax(R) video cameras and Tempest(R)
networked digital video recording devices.
Under this agreement, Lenco will sell Nio's advanced video surveillance
products to the defence sector, while Nio will have the exclusive right to
sell OEM versions of Lenco's CODS 3D visualization software that have been
adapted to the civilian market. The civilian software will be sold under
Nio's brand through its worldwide certified dealer network.
Under the agreement, Lenco will continue to focus on the defence sector
and sell Nio's advanced video surveillance products in addition to its CODS
multi-sensor command and control products.
"This major agreement will further strengthen Nio's worldwide position as
an innovator and market leader, while also enabling new software sales
opportunities for the company which fully leverage Nio's existing portfolio of
video surveillance technologies," said Paul Fevang, CEO of Nio Security, Inc.
"By combining Lenco's strong defence presence with Nio's advanced video
surveillance products and global distribution network, we can help drive
significant growth for both businesses. Based on our expectations of success,
the two companies will evaluate even closer forms of cooperation in the
future."
About Nio:
Nio Security, Inc. is a leading developer of intelligent video
surveillance solutions for physical security applications. Nio's unique and
patented video surveillance technology provides 'Watchful Intelligence' to a
worldwide customer base ranging from Fortune 500(R) companies and governments
to small businesses. Traded on the Oslo Stock Exchange as (OSE: NIO), the
company was founded in 1992 and is headquartered in Florida with engineering
and development facilities in Munich, Germany, and San Diego, CA. Nio markets
its products through a worldwide network of certified dealers, distributors,
system integrators, and OEM's. Further details are available at
www.niosec.com .
Notice on Forward-Looking Statements:
This release includes forward-looking statements intended to qualify for
the safe harbor from liability established by the Private Securities
Litigation Reform Act of 1995. These forward-looking statements generally can
be identified by phrases such as Nio or its management "believes," "expects,"
"anticipates," "foresees," "forecasts," "estimates" or other words or phrases
of similar import. Similarly, statements herein that describe Nio's business
strategy, outlook, objectives, plans, intentions or goals also are
forward-looking statements. All such forward-looking statements are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those in forward-looking statements.
The forward-looking statements included in this release are made only as
of the date of this release and Nio undertakes no obligation to update the
forward-looking statements to reflect subsequent events or circumstances.
Nio is a registered trademark of Nio Security, Inc. Tempest and EyeMax are
registered trademarks of Nio Security, Inc. All other trademarks and
registered trademarks previously cited are the property of their respective
owners and are hereby acknowledged. Editor's Note: Images and logos are
available from Nio's public relations counsel, with a subset available on the
company website.
SOURCE Nio Security Inc.
