NAPCO Security Technologies To Present At 17th Annual Needham Technology & Media Conference

Rhea-AI Summary

NAPCO Security Technologies (NASDAQ: NSSC) will present at the 17th Annual Needham Technology & Media Conference on May 17, 2022, at 1:30 PM ET in New York. The management will discuss the company's record quarterly sales and the shift towards recurring revenue, particularly from the Starlink alarm communicator and the new AirAccess access control systems. Additionally, NAPCO will highlight its school safety solutions, meeting the urgent need for enhanced security in educational settings. The presentation will be available via live webcast on the company’s investor relations website.

AMITYVILLE, N.Y., May 12, 2022 /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 announced that management will be presenting at the 17th Annual Needham Technology & Media Conference on Monday May 17, 2022, in New York.

NAPCO management is scheduled to present at 1:30 PM ET on Tuesday May 17, 2022. NAPCO management will be hosting one-on-one meetings held throughout the conference. We will discuss our recently released fiscal 3rd quarter results including our record quarterly sales and the inflection points that are driving these and future results. Topics will also include the business mix shift to recurring revenues with higher margins from the highly successful Starlink alarm communicator family of products and its new AirAccess line of access control and locking systems. In addition, we will be discussing our line of school security and safety products that address the urgent need for securing the schools in the US. NAPCO has a product portfolio for school security that fits the needs of K-12's and large universities.  

The presentation will be webcast live and investors can register to view the webcast on the investor relations section of the corporate website (www.napcosecurity.com). 

To receive additional information, request an invitation or to schedule a one-on-one meeting, please contact your Needham&Co. sales representative or Patrick McKillop, Director IR for NAPCO at pmckillop@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. 

Contacts: 
Patrick McKillop 
Director of Investor Relations 
NAPCO Security Technologies, Inc. 
800-645-9445 x 374 
Mobile: 516-404-3597 
pmckillop@napcosecurity.com

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SOURCE NAPCO Security Technologies, Inc.

FAQ

When is NAPCO Security Technologies presenting at the Needham Technology & Media Conference?

NAPCO Security Technologies will present on May 17, 2022, at 1:30 PM ET.

What topics will NAPCO discuss during the conference?

NAPCO will discuss record quarterly sales, the shift to recurring revenues, and their school safety solutions.

How can investors access the NAPCO conference presentation?

Investors can view the live webcast of the presentation on NAPCO's investor relations website.

What products are driving NAPCO's recurring revenue growth?

Recurring revenue growth is driven by the Starlink alarm communicator family and the AirAccess access control systems.

What is the significance of NAPCO's school safety solutions?

NAPCO's school safety solutions address the urgent need for enhanced security in K-12 schools and large universities.