NAPCO Security Technologies to Attend the UBS Global Industrials and Transportation Conference Wednesday, December 4, 2024.

Rhea-AI Summary

NAPCO Security Technologies (NASDAQ: NSSC) announces its participation in the UBS Global Industrials and Transportation Conference on December 4, 2024, in Palm Beach, FL. Management will discuss new innovations focused on enhancing Recurring Service Revenue (RSR), including:

Key product highlights include the MVP Access Control and Locking System, StarLink Fire Max2 with dual-carrier support, StarLink Intrusion Max2, FireLink Fire Control Panel System, Prima Alarm System Accessories, specialized locks for multi-tenant buildings, and Trilogy Locks with touchscreen operation. These products demonstrate NAPCO's commitment to market innovation and sustainable revenue growth through RSR-generating solutions.

News Market Reaction

+1.84%

1 alert

+1.84% News Effect

On the day this news was published, NSSC gained 1.84%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AMITYVILLE, N.Y., Dec. 2, 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 management will be attending and hosting one on one meetings with investors at the UBS Global Industrials and Transportation Conference Wednesday, December 4, 2024 in Palm Beach, FL.

Management will be discussing several topics, including the Company's latest innovations and recently launched products designed to enhance Recurring Service Revenue (RSR) and address diverse market demands.  Highlights of NAPCO's new offerings include:

• MVP Access Control and Locking System: A state-of-the-art solution with advanced features aimed at driving RSR.
• StarLink Fire Max2: A cutting-edge fire reporting radio that integrates both AT&T and Verizon carrier services to ensure reliability while boosting RSR.
• StarLink Intrusion Max2: An advanced intrusion reporting radio featuring dual-carrier support and designed to generate RSR.
• FireLink Fire Control Panel System: Scalable fire safety solutions for commercial properties, incorporating an integrated fire reporting radio to streamline operations and support RSR growth.
• Prima Alarm System Accessories: Innovative products such as wireless solar-powered doorbell cameras and dealer takeover modules, all contributing to increased RSR.
• Specialized Locks: Electronic and mechanical lock solutions specifically designed for multi-tenant and multi-family buildings.
• Trilogy Locks: Touchscreen-operated locks that provide enhanced security with advanced functionality.

According to NAPCO CEO Richard Soloway, "These cutting-edge products exemplify our unwavering commitment to addressing the evolving needs of the market while driving sustainable revenue growth. By continuously innovating and delivering solutions that generate Recurring Service Revenue (RSR), we are positioning NAPCO as a leader in security technology and ensuring lang-term value for our customers and stakeholders."

To receive additional information, request an in person one on one invitation, please contact your UBS sales representative or Francis Okoniewski, Vice President, Investor Relations for NAPCO at fokoniewski@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.  

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-to-attend-the-ubs-global-industrials-and-transportation-conference-wednesday-december-4-2024-302317918.html

SOURCE NAPCO Security Technologies, Inc.

FAQ

What new products did NAPCO Security Technologies (NSSC) announce at the UBS Conference 2024?

NAPCO announced several new products including MVP Access Control System, StarLink Fire Max2, StarLink Intrusion Max2, FireLink Fire Control Panel System, Prima Alarm Accessories, and Trilogy Locks, all designed to enhance Recurring Service Revenue.

What is the significance of StarLink Max2 products for NAPCO Security (NSSC)?

StarLink Max2 products feature dual-carrier support (AT&T and Verizon) for enhanced reliability and are designed to generate recurring service revenue through fire and intrusion reporting capabilities.

When is NAPCO Security Technologies (NSSC) attending the UBS Global Conference?

NAPCO Security Technologies is attending the UBS Global Industrials and Transportation Conference on Wednesday, December 4, 2024, in Palm Beach, FL.

What is NAPCO's (NSSC) strategy for recurring service revenue in 2024?

NAPCO's strategy focuses on launching innovative security products like MVP Access Control, StarLink Max2 series, and FireLink systems, all designed to generate and enhance recurring service revenue streams.