OSLO, Feb. 12 /PRNewswire/ -- Genie CCTV, Ltd. and Nio Security, Inc. today announced a renewal and strengthening of the two companies' partnership with Genie's order of 600 units of Nio's renowned CloseView product. Nio sees this order as a verification of its technology leadership within the rapidly-expanding Video Analytics market, which is continuing to grow by more than an estimated 25% per year.
Nio also sees numerous other opportunities within the market for distributors and OEM and VAR agreements.
Genie CCTV Limited is a privately funded company specializing in the supply of high-quality security equipment, and has been a certified dealer for Nio since December 2006. Founded in 2001, the company has seen nearly 10 years of continuous growth and is established as one of the favored brands in the CCTV marketplace. Genie's products are available through the established security distribution network in the United Kingdom, the Republic of Ireland, Holland, Denmark and the Middle East.