AMITYVILLE, N.Y., Dec. 16,
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 has recently been ranked #12 within globally renowned
Forbes' magazine's list of Americas Most Successful Small-Cap
Companies for 2025.
Forbes' annual America's Most Successful Small-Cap
Companies list highlights top stock opportunities. For the 2025
ranking, FactSet analyzed 914 companies valued between $300 million and $2
billion. Of these, 322 met criteria including positive sales
growth and a share price above $5.
The top 100 were ranked on metrics like earnings growth, sales
growth, return on equity, and stock returns, with emphasis on
recent performance. Data is current as of November 8, 2024.
"We're honored to be recognized on Forbes' America's Most
Successful Small-Cap Companies list," said Richard Soloway, CEO of NAPCO Security
Technologies. "Climbing from #70 last year to #12 on the 2025 list
reflects our team's dedication and expertise. This recognition
validates our growth strategy and drives us to keep innovating.
Recently, we unveiled several groundbreaking products at the NYC
International Security Conference trade show. Here's a look:"
- 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.
"These new products position us strongly for the future. With
unwavering dedication, an innovative spirit, and the exceptional
talent of our team, we are determined to secure the top spot on
Forbes' 2026 list of small-cap companies," said Richard Soloway.
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
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SOURCE NAPCO Security Technologies, Inc.
