Tag: NAPCO Security Technologies
NAPCO’s radio gains make up for lagging lock sales
November 5, 2024Ken Showers, Managing Editor
AMITYVILLE, N.Y.— NAPCO Security Technologies saw strong radio sales and recurring service revenue (RSR) but struggling locking sales in the first quarter of its fiscal year 2025.
RSR saw a prospective annual run rate of approximately $85.2 million based on October 2024 RSR, compared to $83.5 million from July 2024 RSR.
“The increase is due to the continued strength of our line of StarLink radios, particularly our StarLink fire radios,” said CFO Kevin Buchel during...
NAPCO reports ‘amazing’ results
August 28, 2024Ken Showers, Managing Editor
AMITYVILLE, N.Y. — NAPCO Security Technologies' fourth quarter financial results got a nice boost from recurring service revenue (RSR) and its Alarm Lock and Marks lines.
The company reported RSR increased 27% to $20.3 million in the fourth quarter and 26% to $75.7 million for the year compared to the same periods the previous year. It reported gross margin for RSR increased to 90.4% and 90.5% for the quarter and the year, respectively, compared to 89% and 89%.
“Our...
NAPCO releases 2025 Alarm Lock locking solutions catalog
August 27, 2024SSN Staff
AMITYVILLE, N.Y.—NAPCO Security Technologies, Inc. has announced the release of a new short-form catalog from its Alarm Lock Division, showcasing its standalone and wireless access lock solutions.
This 2025 Alarm Lock Catalog is designed specifically for locksmiths and integrators, offering a comprehensive overview of commercial access locking solutions for wood, metal, and glass doors.
The Alarm Lock Catalog highlights the highly rated Trilogy Series and the wireless Trilogy Networx...
NAPCO adds two new East Coast regional sales managers
July 22, 2024SSN Staff
AMITYVILLE, NY – NAPCO Security Technologies, Inc., has introduced two new regional sales managers added to the NAPCO Fire & Security Division.
The additions replace its two recently promoted sales directors for their former territories in N.Y. and the Southeast.
New hires, Adam Emmett, for N.C., S.C., Ga., & Southern Va., and Elliot Bean for N.Y., are new to NAPCO, but not to security, according to the company. Emmett comes from a security services and communications technologies...
Personnel updates in store for NAPCO Access Pro Sales Division
July 11, 2024SSN Staff
AMITYVILLE, NY – NAPCO Security Technologies, Inc. has announced several key personnel changes within its NAPCO Access Pro Division sales team (formerly Continental Access).
Joining its VP Aaron Black in sales management is Rob Etmans, director of sales, succeeding Scott Schramme, who retired. Additionally, Gio Carillo has been appointed as the NAPCO Access Pro regional sales manager for the Southeast territory, based in Miami, covering Florida, Kentucky, Tennessee, North & South Carolinas,...
NAPCO Access Pro unveils security management platform CA4K v1.2
July 1, 2024SSN Staff
AMITYVILLE, N.Y.—NAPCO Access Pro has announced the release of its latest enterprise security management platform, CA4K v1.2.
This scalable new platform simplifies and enhances security, access control, and video through seamless integration with wireless access locks by Alarm Lock, Continental Controllers, and an expanding roster of technology partners specializing in intercoms, biometrics, video, and visitor management.
CA4K v1.2 features a redesigned, intuitive interface for effortless...
NAPCO Super Dual StarLink Fire Max 2 wins 2024 Innovation Award at ESX
June 10, 2024SSN Staff
AMITYVILLE, N.Y. - NAPCO Security Technologies announced that its new Super Dual StarLink Fire Max2 Supervised Dual Sim/Dual Path Communicator was named 2024 Innovation Award Winner at the Electronic Security Expo (ESX) in Louisville, KY.
ESX Innovation Award winners are selected for innovation and driving efficiency and profitability, by an independent panel of industry judges who use a specific set of criteria, including ingenuity, applicability, and response to market needs among others.
Stephen...
ESX announces 2024 Innovation Award winners
June 7, 2024SSN Staff
LOUISVILLE, Ky.—The Electronic Security Expo (ESX) has revealed the winners of the 2024 Innovation Awards, recognizing excellence and innovation within the electronic security and life safety industry.
These prestigious awards highlight next-generation products and services that present significant growth opportunities for integrator companies.
An independent panel of judges selected the winners based on a comprehensive set of criteria, including ingenuity, applicability, response...
NAPCO promotions to address company growth
June 3, 2024SSN Staff
AMITYVILLE, N.Y. — NAPCO Security Technologies, Inc. has announced the promotions of several of its salespeople to management positions within the NAPCO Fire & Security division.
Senior Vice President of Sales Stephen Spinelli said, “These changes in the management structure address recent and future company growth, and will better support our customers, and diversified product groups, sales directives and long-term goals.”
The new sales team will be headed up by Duane Warehime,...
NAPCO locks in Q3
May 8, 2024Cory Harris, Editor
AMITYVILLE, N.Y.—Richard Soloway, CEO of NAPCO Security Technologies, attributed “recurring revenues enabled by hardware innovations” as the catalyst to a 14th consecutive record-breaking quarter for sales during the third quarter of fiscal 2024.
Net sales increased 13% to $49.3 million - the highest quarterly sales in the company's history - while recurring service revenue (RSR) increased 29% to $19.5 million, representing 40% of total revenue.
Locked...