NAPCO Security Technologies Awarded School Security Project for the Pasadena Unified School District, Pasadena California
Rhea-AI Summary
NAPCO Security Technologies (NASDAQ: NSSC) announces securing a contract with Pasadena Unified School District to provide security locking solutions for their 23 schools serving over 14,000 students. The district-wide project will implement Marks USA LA318GJ Intruder Lockdown mortise locks and Marks USA 195DB Intruder Lockdown cylindrical locks to meet California state requirements for classroom doors. Both solutions feature SFIC removable core cylinder configurations compatible with the district's key system requirements.
Positive
- Secured new contract with large school district (23 schools, 14,000 students)
- Project covers district-wide implementation, indicating substantial contract size
- Products meet California state regulatory requirements, positioning for similar contracts
Negative
- None.
News Market Reaction – NSSC
On the day this news was published, NSSC gained 5.49%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
The project includes a district wide update to address all classroom doors, K-12 to meet current
Richard Soloway, CEO of NAPCO commented, "We are very happy to report that this school security project at the Pasadena Unified School District is being added to our roster of safer schools. The security of our schools remains a very important issue, as we continue to witness horrific events around the country. NAPCO continues to be a leader in school security products and solutions, and we would like to thank Pasadena Unified School District for choosing our products and being a highly valued customer."
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
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-security-technologies-awarded-school-security-project-for-the-pasadena-unified-school-district-pasadena-california-302296983.html
SOURCE NAPCO Security Technologies, Inc.