AMITYVILLE, N.Y., Nov. 25,
2024 /PRNewswire/ -- NAPCO Security Technologies,
Inc. (NASDAQ: NSSC), one of the leading designers and manufacturers
of high-tech electronic security devices, wireless recurring
communication services for intrusion, fire alarm, access control
and locking systems as well as a leading provider of school safety
solutions, recently showcased its products at the International
Security Conference East. The Event was held at the Javits
Center in New York City.
ISC East, the premier security trade show on the East Coast,
brings together security dealers, installers, integrators,
consultants, and practitioners from corporate, government, and
first responder sectors. Held annually in New York City, the event serves as a vital
platform for networking, learning, and exploring the latest
security technologies and solutions.
Richard Soloway, Founder and CEO
of NAPCO reflected on the Company's successful presence at this
year's event, "Our booth was strategically positioned at the
forefront of the show floor, offering a prominent and welcoming
space for visitors as they arrived via the escalator. Spanning
20'x50' and featuring a bright, innovative design, it stood out as
one of the most impressive, walk-in booths at the show. Throughout
the event, our booth was bustling with activity, hosting both
current and prospective customers. Our team of 25 sales
representatives and trainers delivered interactive product
demonstrations across dozens of displays, showcasing both existing
and newly launched offerings. Additionally, we conducted classroom
sessions nearby to educate attendees on leveraging our
groundbreaking MVP Access Control and Locking System to generate
Recurring Service Revenue (RSR) for their businesses and NAPCO. To
ensure continued engagement post-show, we scanned visitor badges at
both the booth and classroom, enabling our sales and customer
service teams to follow up and foster new sales opportunities."
Highlighting NAPCO's New Products, the Company introduced
several cutting-edge security solutions designed to drive RSR and
meet diverse market needs:
- MVP Access Control and Locking System: Featuring
innovative capabilities to generate RSR.
- StarLink Fire Max2: A fire reporting radio combining
AT&T and Verizon carrier services, with RSR.
- StarLink Intrusion Max2: An intrusion reporting radio
with dual-carrier support and RSR.
- FireLink Fire Control Panel System: Scalable solutions
for commercial buildings with integrated fire reporting radio and
RSR.
- Prima Alarm System Accessories: Including wireless
solar-powered doorbell cameras and dealer takeover modules, all
supporting RSR.
- Specialized Locks: Electronic and mechanical locks
tailored for multi-tenant/multi-family buildings.
- Trilogy Locks: Touchscreen-operated locks offering
advanced security.
Summing up the event, Soloway shared, "ISC East 2024 was a
resounding success. The exposure of our exciting new products to
thousands of attendees solidifies NAPCO's trajectory for
continued growth and innovation. I extend my heartfelt thanks to
our exceptional team for their hard work in establishing NAPCO
as the standout company of the show."
About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc., is one of the world's leading
manufacturers and service providers of high-tech electronic
security devices as well as a leading provider of school safety
solutions. The Company consists of four Divisions: NAPCO, 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 are
based on current expectations, estimates, forecasts and projections
of future performance based on management's judgment, beliefs,
current trends, and anticipated product performance. These
forward-looking statements include, but are not limited to,
statements relating to the impact of COVID-19 pandemic; the growth
of recurring service revenue and annual run rate; the introduction
of new access control and locking products; the opportunities for
fire alarm products; and our ability to execute our business
strategies. Actual results, performance or achievements could
differ materially from those anticipated in such forward-looking
statements as a result of certain factors, including those risk
factors set forth in the Company's filings with the Securities and
Exchange Commission, such as our annual report on Form 10-K and
quarterly reports on Form 10-Q. Other unknown or
unpredictable factors or underlying assumptions subsequently
proving to be incorrect could cause actual results to differ
materially from those in the forward-looking statements. Although
we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
level of activity, performance, or achievements. You should not
place undue reliance on these forward-looking statements. All
information provided in this press release is as of today's date,
unless otherwise stated, and the Company undertakes no duty to
update such information, except as required under applicable
law.
Contact:
Francis J. Okoniewski III
Vice President, Investor Relations
NAPCO Security Technologies, Inc.
800-645-9445 x 374
Mobile: 516-404-3597
fokoniewski@napcosecurity.com
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SOURCE NAPCO Security Technologies, Inc.
