AMITYVILLE, N.Y., Oct. 28, 2014 (GLOBE NEWSWIRE) -- NAPCO Security Technologies, Inc. (Nasdaq:NSSC), one of the world's leading solutions providers and manufacturers of high-technology electronic intrusion security, connected home, video and fire systems, as well as enterprise-class access control and door locking products, announced today that it has retained leading New York-based communications firm KCSA Strategic Communications (KCSA) to lead a new and coordinated investor relations and financial communications program.
Richard Soloway, NAPCO Chairman and President stated, "NAPCO is at a significant inflection point as the shift to new high-margin products and services in fast growing market segments has positioned the Company to accelerate recurring revenues and further leverage its cost structure to enhance profitability. Our recently approved share repurchase program was put in place to maximize shareholder value and support our value based investment proposition to the market. KCSA brings to NAPCO a proven track record of helping similar established small-cap companies, enhance their value by delivering the right message to the right audience, and by establishing high-quality, long-term relationships with institutional investors, analysts and other influential members of the financial community."
"Tens of thousands of leading security dealers, systems integrators, and locksmiths rely on NAPCO and their industry leading technology to protect their customers. With more than 10 million systems and over 100 million functioning devices installed in residential and commercial buildings across 40 countries, NAPCO is well known in the security industry for having the widest and most extensive product portfolio," said Todd Fromer, Managing Partner of KCSA Strategic Communications. "As the industry's only publicly held 'pure play' security company, with 100% of revenues coming from alarms, access control, locking systems, and software services, NAPCO is well positioned to capitalize on strong market trends and expand its presence in the security technology space."
Since its inception more than forty years ago, KCSA has established a strong reputation representing public companies. KCSA will develop and deploy a comprehensive capital markets strategy and an integrated communications campaign focused on increasing awareness of NAPCO within the investment community and mainstream news media. Todd Fromer, Managing Partner of KCSA, will lead the KCSA team and provide strategic counsel on financial communication.
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, connected home, video, fire alarm, access control and door locking systems. The Company consists of four Divisions: NAPCO, its security and 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.
About KCSA Strategic Communications
KCSA is a fully integrated communications agency specializing in public relations, investor relations and marketing with expertise in financial and professional services, technology, healthcare, media, energy and public services companies. Since 1969, the firm has demonstrated strategic thinking and program execution that drives results for its clients in the ever-changing communications and digital landscape. The firm's clients are its best references. For more information, please visit www.kcsa.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.