-Open letter from our CEO below-
AMITYVILLE, N.Y., March 24, 2025 /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, commercial fire alarm, access control and locking applications, as well as a leading provider of school safety solutions, today announced that it will be showcasing its wide range of products at the International Security Conference & Exposition, ISC West 2025 trade show taking place in Las Vegas, NV, March 31-April 4, 2025 at the Venetian Expo Center.
Dear Valued NAPCO Investors, Dealers, Distributors and Installers,
We are very excited about the upcoming International Security show ISCW, whose exhibits open on April 2 through April 4. Attendance of approximately 20,000 installing dealers are expected at this expo, which is the premier security trade show in America. We have a prominent front row booth located at the show's main entrance showcasing our latest cutting-edge security products. Many of these new products will be adding more commercial (thus low churn) monthly revenue to the approximately $82 million dollars of recurring revenue as we continue our efforts toward our goals to have more than 50%++ of our sales to be recurring revenue generated from our security products and maintain a gross profit of over 90% on such recurring sales.
We are also doing a mostly live from the trade show floor video feed. It starts at 10:00 am to 12:00 PM and will resume from 1:00 PM and goes to 4:00 PM on Wednesday April 2. It will be viewable on www.securitytoday.com, the Trade Publication website. It will be footage of booth activity along with at least 6 on-camera interviews by product segment, e.g., Alarms, Locking and Access Control. The on-camera interviews will be with NAPCO personnel and 3 magazine editor/reporters plus others with a roving cameraman/interviewer. These will be mostly live due to video transmission limitations at a busy trade show.
This ISCW NAPCO Booth Live "spot" will be heavily publicized all over the security industry to its universe of installation companies with pre- and post-show emails from the trade magazines and NAPCO. It will be edited and used by the NAPCO sales team all year long.
THE PRODUCTS WE WILL BE SHOWCASING INCLUDE:
New Recurring Revenue Products for NAPCO & its dealers
New Products Which Enhance Existing Alarm Systems That Generate Recurring Revenue
New Locking Products
These advancements underscore NAPCO's commitment to delivering innovative, user-friendly security solutions that meet the evolving needs of both residential and commercial customers.
If you are unable to come to the expo, don't worry as you will be able to view on opening day, Wednesday April 2, NAPCO's live streaming video and share in the excitement.
All the best,
Richard Soloway, CEO
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
Vice President, Investor Relations
NAPCO Security Technologies, Inc.
800-645-9445 x 374
Mobile: 516-404-3597
fokoniewski@napcosecurity.com
SOURCE NAPCO Security Technologies, Inc.