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NAPCO Introduces a Range of Innovative Security Products at ISC East 2024, Many Feature Recurring Service Revenue (RSR)
Tuesday, December 3, 2024
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
View original content:https://www.prnewswire.com/news-releases/napco-introduces-a-range-of-innovative-security-products-at-isc-east-2024-many-feature-recurring-service-revenue-rsr-302314862.html
SOURCE NAPCO Security Technologies, Inc.
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