Offers Full Suite of Recurring Monthly Revenue Services for NAPCO and its Dealers
AMITYVILLE, N.Y. - NAPCO Security Technologies, Inc.,(NASDAQ: NSSC), one of the world's leading suppliers of high performance electronic security equipment for over 30 years, has won the Best Product Award at ISC West 2012 for its new iBridge Keypad Touchscreen Tablet, which offers a full suite of recurring monthly revenue services for NAPCO and its dealers. The award recognizes the best intrusion detection and prevention solution as vetted and voted upon by a panel of security industry experts.
The iBridge Keypad Touchscreen Tablet is internet-enabled, uses 802.11 Wi-Fi or can be hardwired, and puts security and more at clients' fingertips. iBridge controls NAPCO Security Systems' video cameras, plus thermostats and lighting via Z-Wave devices. Additional features include message minder, weather and time. The Wi-Fi iBridge 7" full color tablet is portable or can be permanently mounted. It also includes an easy magnetic wall-mount/desktop power/docking and charging station.
Richard Soloway, Chairman and CEO of NAPCO Security Technologies commented, "Winning the Best Product Award at ISC West 2012 increases the awareness of iBridge among our target purchasing audience and adds to our enthusiasm for its market adoption. iBridge incorporates a complete range of our recurring revenue products, including iSee Video that we expect to become a meaningful revenue generator for the Company, as we grow our installation base."
Mr. Soloway continued, "As many shareholders know, a key element to the successful commercialization of our products is the ability to educate dealers as the first step in gaining adoption. While being at the show is an important opportunity to help dealers become more knowledgeable about our solutions, being chosen as best product helps pull even more attention to the NAPCO portfolio of security technologies. The award winning distinction becomes an incredible marketing tool and further brands our products as solutions that deliver value to dealers, and with our new focus on selling recurring revenue products, both NAPCO and the dealer can recognize that value every month. We believe that manufacturing products that have recurring revenue will help augment our top line revenue, and due to the leverage in our manufacturing facility, the more top line revenue we generate, the more we can multiply gains to the bottom line, to increase shareholder value."
About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc. is one of the world's leading manufacturers of technologically advanced electronic security equipment including intrusion and fire alarm systems, access control and door locking systems. The Company consists of NAPCO plus three wholly-owned subsidiaries: Alarm Lock, Continental Instruments, and Marks USA. The products are installed by security professionals worldwide in commercial, industrial, institutional, residential and government applications. NAPCO products have earned a reputation for technical excellence, reliability and innovation, poising the Company for growth in the rapidly expanding electronic security market, a multi-billion dollar market.
For additional information on NAPCO, please visit the Company's web site at www.napcosecurity.com.
NAPCO Security Technologies, Inc.
Web Site: www.napcosecurity.com