AMITYVILLE, N.Y., Sept. 11,
2023 /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 attending and
hosting one on one meetings with investors at the Lake Street
Capital Markets Best Ideas Growth Conference in New York, NY on September 14, 2023.
NAPCO management will host one on one meetings with investors at
the conference throughout the day. The topics to be highlighted
during the conference will include the company's recent record
Fiscal Year 2023 results which had sales grow 18% year over year to
a record $170 million and its
recurring revenues which grew 30% year over year to $59.9 million dollars with gross margins of 89%.
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.
To receive additional information, request an invitation or to
schedule a one-on-one meeting, please contact your Lake Street
Capital Markets sales representative or Patrick McKillop, Vice President of Investor
Relations 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
Vice President 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.