NAPCO Security Dealer Education at ESX 2012, Features Recurring Monthly Revenue (RMR) Product Training, Exhibition and ‘Maximum Impact Award’ Nomination for iSee Video
AMITYVILLE, N.Y., June 28, 2012 /PRNewswire/ — NAPCO Security Technologies, Inc.’s, (NASDAQ: NSSC), one of the world’s leading suppliers of high performance electronic security equipment for over 30 years, is participating at ESX (Electronic Security Expo) 2012 education and networking event for security integration and monitoring companies, at the Nashville Convention Center, in Nashville, TN, now through June 29th. NAPCO is providing recurring monthly revenue (RMR) product training, RMR product exhibition and has been nominated for a “Maximum Impact Award” for its iSee Video Remote Video Services.
Attending the event are thousands of NAPCO’s target customer base including Security Integration/Installation Companies, Contracting Companies, and Security Products Distributors. Representatives from these companies include Owners, General Management, Central Station Management, and Sales/Marketing Staff.
NAPCO’s dealer training series is featured in ESX’s RMR track, titled “More RMR & Profit with New NAPCO Technologies & Remote Services.” NAPCO staffers are training security professionals on how they can affordably add new recurring monthly revenue by utilizing NAPCO remote security services & alarm communications without the use of phone lines. Training includes the following RMR products: iRemote(TM) Virtual Keypad (does anything a fixed keypad can do, on-the-go); iSee Video(TM) (requiring a mere 10-minute WiFi install); Starlink2 GSM radio (operational on any panel, everywhere); and Gemini-Commercial(TM) 24 Volt Fire/Burglary Combination (delivering the competitive-edge of “2-systems-in-1″ code-compliant addressable, available for conventional or wireless installation). Both the training and exhibition of these products are available at Booth #101. The products are viewable online at www.napcosecurity.com/newproducts.html, and the conference website at http://www.esxweb.com/ .
NAPCO has also been nominated for a “Maximum Impact Award” at the conference for its iSee Video Remote Video Services in the category of Video Security: Video Surveillance. Adolph Moreno, Operations Director for RangerAmerican, provided a testimonial of the product in its nomination, “My technicians can install four iSeeVideo cameras & IVR Recorder in 35 minutes without being IT experts. It’s amazing how quickly our clients get high-quality video with 24/7 recording. We just power up the cameras and it works, without touching a customer’s router/computer! I love it because it’s generating new RMR stream.”
Richard Soloway, CEO of NAPCO Security Technologies commented, “ESX 2012 is a great opportunity to get in front of security dealers and teach them how to make more money with NAPCO recurring monthly revenue products through multiple interactions during the conference as dealers attend our scheduled RMR training seminar, informally visit our booth, which displays our RMR products with staffers to provide 1×1 education, and see NAPCO product again, featured at the ‘Maximum Impact Awards’ ceremony. We are at the beginning stages of launching our RMR products, and are focused on capitalizing on opportunities like at ESX 2012 to educate dealers.”
Mr. Soloway continued, “The more security conferences and dealer days, and lunch and training we perform, the further we progress to developing meaningful one times sales from these new products. Driving top line sales with these new products enable us to leverage the relatively fixed production costs of our manufacturing facility in the Dominican Republic. The high margin recurring revenue becomes an excellent profit driver, dropping almost entirely to the bottom line. These RMR products are attractive to dealers because they enjoy the recurring revenue as well, and the more we can educate, the more we further execute upon our profitable growth strategy. “
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.
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.
James Carbonara, Regional Vice President
Wolfe Axelrod Weinberger Assoc. LLC
(212) 370-4500; (212) 370-4505
SOURCE NAPCO Security Technologies, Inc.