OSLO and BOKEELIA, Fla., Dec. 21 /PRNewswire/ -- Nio® Security, Inc., (OSE: NIO) - a world leader in smart video solutions for the security market - today announced the appointment of Dr. Espen Brodin as CEO in accordance with company bylaws. Previously serving as acting CEO and a long-standing Board member as well as Chairman of the Board, Dr. Brodin will now apply his proven management skills to Nio in a direct role to bring new value to stockholders and customers alike. Aggressive plans for worldwide growth, industry partnerships and launches of new products throughout 2010 are key goals anticipated under his leadership.

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Previously the Managing Director of FAST Search & Transfer (Oslo, Norway), Dr. Brodin managed FAST to become perhaps the most prominent publicly-traded high-tech company on the Oslo Bourse, with a multi-billion-dollar valuation and exceptional revenue growth year-to-year. He also held senior positions at Accenture® Consulting and several Oslo banks. Dr. Brodin has been appointed CEO as Nio prepares for the launch of its new Satis(TM) turnkey security solution platform.

Named after the Egyptian Goddess of border control and security, Satis is the culmination of nearly 18 months of research and development that draws on the 15+ years of intelligent video technology and several patents held by Nio Security. Satis integrates Nio's most advanced Dynapel® products into a single solution that brings new capabilities to the corporate tagline of 'Watchful Intelligence'.

Using Satis, a complete range of smart video cameras and image enhancement peripherals are integrated with enhanced software and support for a wide range of security applications. Further details on Satis and other new products/alliances will be announced at the ISC West security tradeshow in Las Vegas on March 24, 2010. As part of the new focus on Satis, the current Tempest® line of DVRs will be discontinued.

"Nio Security is about to enter a new phase of aggressive promotion and sales activities as we ramp up both our new products as well as Satis," said Dr. Espen Brodin, Chairman & CEO of Nio Security, Inc. "We are confident that 2010 will be a year filled with opportunity and growth as we look to unlock the value of our technology and worldwide sales channel for Nio stockholders. Satis will be the platform and brand that takes Nio into a solutions-based business model that incorporates not just our world-leading technology, but also rolls in best-of-class customer support and turnkey sales."

About Nio:

Nio Security, Inc. is a leading developer of intelligent video surveillance solutions for physical security applications. Named after the unsleeping guardians of Buddhist Temples, Nio's unique and patented video surveillance technology provides 'Watchful Intelligence' to a worldwide customer base ranging from Fortune 500® 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 international customer support based in San Diego, CA and Memphis, TN. 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. EyeMax is a registered trademark of Nio Security, Inc. Satis is a trademark of Nio Security, Inc. CloseView is a trademark of Nio Security, Inc. All other trademarks and registered trademarks previously cited are the property of their respective owners and are hereby acknowledged.

SOURCE Nio Security, Inc.

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