NAPCO Security Technologies Announces Super Dual™ StarLink Fire Max2 Wins 2024 Innovation Award at ESX

Rhea-AI Summary

NAPCO Security Technologies (NASDAQ: NSSC), a prominent designer and manufacturer of electronic security devices and wireless communication services, has been awarded the 2024 ESX Innovation Award for its new Super Dual™ StarLink Fire Max2 Communicator. This cutting-edge device, designed for fire and life safety, meets dual path fire code requirements by utilizing both Verizon and AT&T networks, thereby ensuring reliable, supervised alarm reporting without the need for an IP connection. The product is UL864 listed and dynamically switches between carriers to enhance life-safety and cybersecurity while reducing installation costs and IT-related concerns. The initial market response has been positive with encouraging sales orders.

Positive

• Super Dual™ StarLink Fire Max2 won the 2024 ESX Innovation Award.
• The device meets UL864 dual path fire code requirements using Verizon and AT&T networks.
• Eliminates the need for an IP/IT connection, reducing installation costs and IT concerns.
• Enhances life-safety and cybersecurity by dynamically switching between carriers.
• Initial market response has been positive with encouraging sales orders.

Negative

• None.

AMITYVILLE, N.Y., June 20, 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 its new Super Dual™ StarLink Fire Max2 Supervised Dual Sim/Dual Path Communicator won the 2024 innovation award at the Electronic Security Expo (ESX). ESX Innovation Award winners are selected for innovation, applicability and response to market need.

Richard Soloway, Chairman and CEO of NAPCO commented, "We are honored to receive the prestigious 2024 ESX Innovation Award for our Super Dual™ StarLink Fire Max2 Dual Sim FACP Communicator, it is the latest labor-saving product in the StarLink Series for Fire & Life Safety, uniquely saving dealers time by eliminating the need for an IP/IT connection in UL 864-Listed Dual Path reporting requirements, while maximizing dependability. The initial market response in sales orders has also been encouraging as well."

NAPCO's exclusive Super Dual™ for StarLink Fire Max2 5G communicators is designed to meet dual path fire code requirements. Utilizing both Verizon and AT&T networks, this solution ensures supervised, cell-only alarm reporting without reliance on an IP connection. UL864 listed, Max2 dynamically switches between carriers, enhancing life-safety and cybersecurity. This innovative approach bypasses IT/Firewall concerns, accelerates installation, and reduces costs.

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.

FAQ

What award did NAPCO's Super Dual™ StarLink Fire Max2 win?

NAPCO's Super Dual™ StarLink Fire Max2 won the 2024 ESX Innovation Award.

What stock symbol represents NAPCO Security Technologies?

NAPCO Security Technologies is represented by the stock symbol NSSC.

What are the key features of the Super Dual™ StarLink Fire Max2?

The Super Dual™ StarLink Fire Max2 uses Verizon and AT&T networks for dual path fire code requirements, eliminates the need for IP/IT connections, is UL864 listed, and enhances life-safety and cybersecurity by switching between carriers.

How has the market responded to NAPCO's Super Dual™ StarLink Fire Max2?

The initial market response to NAPCO's Super Dual™ StarLink Fire Max2 has been positive with encouraging sales orders.

What does the Super Dual™ StarLink Fire Max2 communicator aim to address?

The Super Dual™ StarLink Fire Max2 communicator aims to meet dual path fire code requirements, enhance life-safety and cybersecurity, reduce installation costs, and bypass IT/Firewall concerns.