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NSSC NAPCO Security Technologies Inc

46.97
1.47 (3.23%)
21 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
NAPCO Security Technologies Inc NASDAQ:NSSC NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.47 3.23% 46.97 47.00 47.97 47.75 45.51 45.51 700,388 00:40:06

NAPCO Security Technologies Announces University of California Berkeley to install StarLink Commercial Fire Line Communicator...

17/01/2018 1:00pm

PR Newswire (US)


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AMITYVILLE, N.Y., Jan. 17, 2018 /PRNewswire/ -- NAPCO Security Technologies, Inc. (Nasdaq: NSSC), one of the world's leading solutions providers and manufacturers of high tech electronic intrusion security, Internet of Things (IoT) connected home, video and fire systems, as well as enterprise-class access control and door locking products, today announced the University of California Berkeley will install NAPCO's StarLink Commercial Fire Line Communicators.

The project has student housing and the main campus buildings targeted for installations. Student Housing located both on and off campus has over 125 sites where the StarLink FIRE will be installed. On the Main Campus there are approximately 400 locations where the StarLink FIRE will be used. The main emphasis of this conversion project is to replace older/existing copper wire phone lines, improve fire & life safety first response communication, CA code compliance and overall cost savings.

StarLink Fire Line Communicators replace the need for old fashion copper phone lines in order to send the alarm signal. With the use of the StarLink, the fire alarm signal is transmitted over the cellular networks from the premise to the central station. NAPCO receives a recurring monthly fee from the dealers for providing this service.

Richard Soloway, CEO of NAPCO commented, "We are excited to have our StarLink FIRE Line Communicators used at University of California Berkeley. This ongoing project will lead to cost savings for the University as well as improved first response communication and greatly enhanced student safety. As traditional copper phone lines continue to disappear we believe that the StarLink Fire Line Communicators are a great cost-effective solution to the problem. According to our internal research we believe there are millions of fire alarms in buildings in the US which can benefit from using our technology."

About NAPCO Security Technologies, Inc.

NAPCO Security Technologies, Inc. is one of the world's leading solutions providers and manufacturers of high technology electronic security (including recurring service fee revenue), IoT connected home, video, fire alarm, access control and door locking systems. The Company consists of four Divisions: NAPCO, its security and IoT connected home segment, 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 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.

Contacts:
Patrick McKillop
Director of Investor Relations
NAPCO Security Technologies, Inc.
OP: 800-645-9445 x 374
CP: 516-404-3597
pmckillop@napcosecurity.com

 

Cision View original content:http://www.prnewswire.com/news-releases/napco-security-technologies-announces-university-of-california-berkeley-to-install-starlink-commercial-fire-line-communicators-300583652.html

SOURCE NAPCO Security Technologies, Inc.

Copyright 2018 PR Newswire

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