AMITYVILLE, N.Y., June 1, 2022 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NASDAQ:NSSC), one of the leading designers and manufacturers of high-tech electronic security devices, wireless subscription communication services for intrusion, fire alarm, access control and locking systems as well as a leading provider of school safety solutions, today announced that its products have once again been selected for use in a school security project at Pepperdine University in Malibu, CA. Pepperdine has approximately 9,500 students enrolled at its Malibu, CA. campus
The project includes the installation of NAPCO's Alarm Lock division ArchiTech locks in the university's classrooms. ArchiTech Series Networx Locks are an ideal access control solution, elegantly blending advanced wireless access control convenience within any décor, in an attractive, infinitely customizable designer locking form factor, in choice of trims and finishes. Ideal for educational, commercial office or multi-dwelling residential settings, these stylish, durable locks, leveraging proven Trilogy Networx™ access control technology, offer a choice of ID credential technology, and can be used to control access, a door at a time, across a wireless network, or as an integral part of a new or existing enterprise security system—spanning a few, or thousands of doors, in one building, a campus or multiple sites around the world. The Architech locks combined with NAPCO's Continental Access division CA4K software, controls all of the doors for an enterprise class access control solution.
Richard Soloway, CEO of NAPCO commented, "We are pleased to report this school security project at Pepperdine University, which has used NAPCO products in multiple projects over the years. 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 Pepperdine for continuing to choose 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 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.
Director of Investor Relations
NAPCO Security Technologies, Inc.
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