AMITYVILLE, N.Y., Dec. 2, 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
today is announcing that management will be attending and hosting
one on one meetings with investors at the UBS Global Industrials
and Transportation Conference Wednesday,
December 4, 2024 in Palm Beach,
FL.
Management will be discussing several topics, including the
Company's latest innovations and recently launched products
designed to enhance Recurring Service Revenue (RSR) and address
diverse market demands. Highlights of NAPCO's new offerings
include:
- MVP Access Control and Locking System: A state-of-the-art
solution with advanced features aimed at driving RSR.
- StarLink Fire Max2: A cutting-edge fire reporting radio that
integrates both AT&T and Verizon carrier services to ensure
reliability while boosting RSR.
- StarLink Intrusion Max2: An advanced intrusion reporting radio
featuring dual-carrier support and designed to generate RSR.
- FireLink Fire Control Panel System: Scalable fire safety
solutions for commercial properties, incorporating an integrated
fire reporting radio to streamline operations and support RSR
growth.
- Prima Alarm System Accessories: Innovative products such as
wireless solar-powered doorbell cameras and dealer takeover
modules, all contributing to increased RSR.
- Specialized Locks: Electronic and mechanical lock solutions
specifically designed for multi-tenant and multi-family
buildings.
- Trilogy Locks: Touchscreen-operated locks that provide enhanced
security with advanced functionality.
According to NAPCO CEO Richard
Soloway, "These cutting-edge products exemplify our
unwavering commitment to addressing the evolving needs of the
market while driving sustainable revenue growth. By continuously
innovating and delivering solutions that generate Recurring Service
Revenue (RSR), we are positioning NAPCO as a leader in security
technology and ensuring lang-term value for our customers and
stakeholders."
To receive additional information, request an in person one on
one invitation, please contact your UBS sales representative or
Francis Okoniewski, Vice President,
Investor Relations for NAPCO at fokoniewski@napcosecurity.com.
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.