AMITYVILLE, N.Y., Oct. 4, 2023
/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 is
pleased to announce the appointment of Francis ("Fran") J.
Okoniewski III as the new Vice President of Investor Relations.
In this position, Mr. Okoniewski will play a key role in
enhancing the Company's relationships with investors, analysts and
the broader financial community.
Mr. Okoniewski brings to NAPCO over 30 years' experience in the
financial services industry including senior partner level equity
portfolio management and corporate investor relations and
communications. With a strong track record of success in US
capital markets, Fran will be a valuable asset in the Company's
efforts to effectively communicate its financial performance
and strategic direction to current and prospective
stakeholders.
"We are thrilled to welcome Fran to our executive team," said
Richard Soloway, Chairman, President
and CEO of NAPCO. "Investor relations are a critical function
for NAPCO and our new VP of Investor Relations' expertise will be
instrumental in fostering strong relationships with our
shareholders, analysts, investment bankers and the entire
investment community. We are confident that Fran will
contribute significantly to our continued growth and
success."
"I am excited to join NAPCO at such an important juncture," said
Mr. Okoniewski, "and I look forward to working closely with
the NAPCO executive management team to build and maintain strong
relationships with our investors and stakeholders. Together,
we will ensure that NAPCO's financial performance and strategic
initiatives are effectively communicated to the investment
community."
Mr. Okoniewski previously served as senior partner and team
lead at Friess Associates of Delaware (Brandywine Funds) and Vice President
of Investor Relations at Orion Group Holdings. Mr. Okoniewski
brings a wealth of knowledge and experience to NAPCO, making
him well equipped to lead the Company's investor relations
efforts.
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.
Contacts:
Francis J. Okoniewski III
Vice President of 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.