Initial Orders Followed by Nationwide Expansion
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, announces its Networx(TM) Wireless Locking System is being installed nationally, with many organizations placing repeat orders or standardizing with the product line for future jobs, according to dealer feedback the Company has received.
The new and revolutionary Networx Wireless Locking System builds upon the legacy of NAPCO's Trilogy line of push button and card reading locks which is a market-leader in self-contained and stand-alone electronic door lines.
The advantage for end-users with Networx is that with a press of a button from a central point, college campuses, healthcare institutions and businesses remotely control a full or partial global lockdown or global unlock command, to rapidly secure or evacuate its facility the moment a threat arises.
The advantage for NAPCO's large group of access control integrators and locking dealers is that the installation for the control of doors is fast, easy and cost effective, because no wiring is required for the individual doors throughout the building.
Feedback from the installations of Networx came from areas such as Florida, North Carolina, South Carolina, Texas and California. Comments included, "We tested Networx for a year and have decided to install about 50+ units on our newest school, for the lockdown feature." "As a National Credit Union with over 100 locations we chose Networx for the ease of programming, simple installation and security encryption on the IT Network." "Our school installed 140 Networx locks that have worked so well, we are buying more for dorm standardization." "Networx did such a great job on our new building that its being retro fitted on our older buildings spread through campus." "We've been using the self-contained, non-wireless Trilogy Locks for many years, and are now adding Networx on new buildings for the installation price savings, ease of installation, and remote programming features."
Richard Soloway, Chairman and CEO of NAPCO Security Technologies commented, "We are excited by the sales and profit possibilities of this new product line, which shows early promise and builds upon our popular Trilogy line of stand-alone locks of our Alarm Lock division. We believe Networx is a giant leap forward for the billion dollar locking industry, positively impacting installation cost, convenience, and end user security."
Mr. Soloway continued, "Dealers are seeing repeat orders to both retrofit existing buildings and install with new construction. We are very pleased with adoption of Networx so far, just one of our new products designed to grow our top line revenue, in order to unleash the gross profit leverage of our Dominican factory's relatively fixed cost structure."
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.
Web Site: www.napcosecurity.com