BIRMINGHAM, England , May 12 /PRNewswire/ -- IFSEC 2008 -- DynaPel Systems, Inc. ( Oslo, Norway and Bokeelia, FL ), (OSE: DYNA), a world leader in smart video solutions for the security market, today announced it will be officially changing the name of the company to Nio(R) Security, Inc. effective immediately. The company's stock will trade on the Oslo Stock Exchange under the new ticker symbol of (OSE: NIO) as of 16 May, 2008 - no material impact on the company's financial position is expected due to this change-of-name process.
The name change to Nio (pronounced as 'Neo') was undertaken to provide a consistent brand and corporate identity for the merger of DynaPel and Tempest Microsystems, Inc., announced in August, 2007. Named after the never-sleeping guardians flanking the entrance to all Buddhist Temples, Nio's new corporate identity was formally launched at the IFSEC 2008 security industry trade show in Birmingham, England .
An aggressive new worldwide marketing campaign was also unveiled at IFSEC to promote the corporate brand and products that were announced at the show. The company's merged product lines, under the tagline of 'Watchful Intelligence' include a complete range of smart video cameras, digital video recorders and image enhancement peripherals that represent a compelling solution for the growing world security market.
Nio also announced two new products at IFSEC - the beautifully-styled EyeMax(R) intelligent camera, incorporating advanced AI (Artificial Intelligence) algorithms and a stunning new visual design. The company also announced the new CloseView(R) Supreme - a quad-camera video enhancement peripheral that allows for the unmanned operation of up to 4 different cameras, while simultaneously enhancing the quality and depth-of-field for recorded video from any of these sources. Details on both products, as well as the other members of the Nio solution for video security, may be found at the new company website - http://www.niosec.com.
"The announcement of the evolution of DynaPel into Nio is the first step in the company's new worldwide marketing activities," said Pal Fevang, CEO and President of Nio Security, Inc. "Creating a new 'umbrella brand' for the merged DynaPel and Tempest brings enhanced clarity to our communications efforts about the strengths of this merger and the complete solutions we offer for intelligent video analytics. We are very confident that the new products we are announcing at IFSEC will be well received for their unique capabilities and price points, ranging from entry-level components to complete security solutions. The Nio brand is the ideal new vehicle for these breakthrough designs and we are looking forward to capitalizing on the momentum we hope to achieve at the show."
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. CloseView 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.