AMITYVILLE, N.Y., June 28, 2017 /PRNewswire/ -- NAPCO Security
Technologies (NASDAQ: NSSC) one of the world's leading
solutions providers and manufacturers of high-tech electronic
intrusion security, IoT connected home, video and fire systems, as
well as enterprise-class access control and door locking products
today announced that it has been added to the Russell 3000®
Index and the Russell 2000® Index effective June 23, 2017 as part of the Russell Index annual
reconstitution.
The Russell 3000® Index measures the performance of the
largest 3,000 U.S. companies, and is reconstituted annually to
ensure new and growing equities are reflected. As a member of the
Russell 3000® Index, NAPCO also would automatically be
included in the Russell 2000® Index, which measures the performance
of the small-cap segment of the U.S. equity universe. Used
extensively by institutional and retail investors globally, there
is approximately $8.5 trillion in
assets benchmarked to or invested in products based on the Russell
US Indexes. $12.6 trillion in assets
are currently benchmarked to indexes offered by global index
provider FTSE Russell.
Richard Soloway CEO commented, "We are pleased with NAPCO's
inclusion in the Russell indices and the opportunity it provides us
to increase our visibility within the investment community. The
public markets are recognizing the progress we have made in the
last few years and also the long term opportunities that lie ahead
for us."
About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc. is one of the world's leading
solutions providers and manufacturers of high-technology electronic
security (including recurring service fee revenue), IoT connected
home, video, fire alarm, access control and door locking systems.
The Company consists of four Divisions: NAPCO, its security and IoT
connected home segment, plus three wholly-owned subsidiaries: Alarm
Lock, Continental Instruments, and Marks USA. Headquartered in
Amityville, New York, its products
are installed by tens of thousands of security professionals
worldwide in commercial, industrial, institutional, residential and
government applications. NAPCO products have earned a reputation
for innovation, technical excellence and reliability,
positioning the Company for growth in the multi-billion dollar and
rapidly expanding electronic security market. For additional
information on NAPCO, please visit the Company's web site at
http://www.napcosecurity.com.
Safe Harbor Statement
This press release contains forward-looking statements that
involve numerous risks and uncertainties. Actual results,
performance or achievements could differ materially from those
anticipated in such forward-looking statements as a result of
certain factors, including those set forth in the Company's filings
with the Securities and Exchange Commission.
Contact:
Patrick McKillop
Director of Investor Relations
NAPCO Security Technologies, Inc.
OP: 800-645-9445 x 374
CP: 516-404-3597
pmckillop@napcosecurity.com
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SOURCE NAPCO Security Technologies, Inc.