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NAPCO Security Systems, Inc. to Present at the Roth Capital Partners' 20th Annual OC Conference
AMITYVILLE, N.Y. --(Business Wire)-- NAPCO Security Systems, Inc., (Nasdaq: NSSC), one of the world's leading suppliers of high performance electronic security equipment for over 30 years, today announced that management will be presenting at the Roth Capital Partners', LLC 20th Annual OC Conference on Tuesday, February 19, 2008, at 3:30 p.m. PST. The conference will be held at The Ritz Carlton in Laguna Niguel, CA. Management will discuss the Company's business structure, financial overview, new product offerings and market opportunities.
"We are very pleased to participate in the 20th Annual OC Conference hosted by Roth Capital Partners," stated Mr. Richard Soloway, Chairman and CEO. "We believe it is an opportune time to present NAPCO's exciting story, especially since we've recently introduced several new and innovative products, many that add new features for ease of use while at the same time providing superior security technology to reassure that one's property is safe and secure at all times. Two product lines in particular, the iSee Video remote video surveillance system and new Freedom 64 intrusion line, appear to hold great market promise, potentially promising NAPCO and its shareholders both significant volume and profitability for the long term."
The iSeeVideo(TM) (patent pending) is an internet-based video surveillance system, that allows homeowners and business people to remotely view live video or stored video "clips" of activities in their homes or businesses from any computer or web-enabled cell phone or mobile device anywhere in the world. It has been well-received in the trade press and appears to be increasingly gaining traction with NAPCO's dealer base. In addition to selling the hardware kit, NAPCO's hosting of the video for dealers' accounts is included on its server (although larger alarm companies can opt to host their own). This annually renewable, internet-/server-based dealer service may afford NAPCO a major new source of recurring revenue.
Another new product offering is the expanded NAPCO Freedom(TM) 64 (patented), a burglar and fire alarm panel platform with wireless and hardwire capability and expandability from 8 to 64 zones, now featuring a choice of two multifunction talking keypads, traditional numeric or codeless. The Company believes the new Freedom traditional digital coded keypad ideally rounds out the Freedom 64 line, now poised to potentially become among the market's most user-friendly and installer-friendly intrusion alarm systems. Universally applicable and attractive for all small, medium and large security installations, this advanced system has many built-in capabilities, including siren and occupancy sensor, and is based upon one of NAPCO's most popular models, so it saves labor time and is easily standardized on. Plus, NAPCO Freedom 64's lock-activated, code free option literally makes daily system use automatic and error-proof for the consumer, both reducing false alarm rates and increasing all-important consumer account renewal rates. The Freedom 64 ensures peace of mind that the consumer's property is easily and securely protected, maximizing dealers' customer satisfaction for the long run.
Mr. Soloway concluded, "We are thankful to Roth Capital Partners for inclusion within its research universe and for the opportunity to present NAPCO's exciting story to the more than 1,300 institutional investor attendees. We believe that these times offer many opportunities for NAPCO and our investment story is ideally suited for this conference. Notably, the Company expects to gain increased acceptance of its state-of-the-art security products and systems particularly in those markets that are historically most impacted by increased crime brought about by declining economic conditions."
About NAPCO Security Systems, Inc.
NAPCO Security Systems, Inc. is one of the world's leading manufacturers of technologically advanced electronic security equipment including intrusion and fire alarm systems, access control systems and electronic locking devices. The Company's products, including those of Alarm Lock and Continental Instruments, feature some of the most popular and best-selling control panels, sensors, locking devices and access control products. They are used in residential, commercial, institutional, industrial and governmental applications. NAPCO security products have earned a reputation for technical excellence, reliability and innovation, poising the Company for revenue growth in the rapidly expanding electronic security market, a market whose current size exceeds $30 billion.
For additional information on NAPCO, please visit the Company's web site at www.napcosecurity.com.
This press release contains forward-looking statements that involve numerous risks and uncertainties. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in the Company's filings with the Securities and Exchange Commission.
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