AMITYVILLE, N.Y., Oct. 14, 2014 /PRNewswire/ -- 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, today announced it will launch a CDMA version of its highly successful Starlink 3G/4G Wireless Radio in November. This move will further solidify NAPCO's foothold in the growing alarm monitoring cellular communicator category.
Richard Soloway, Chairman and President stated, "Hard-wired phone lines are increasingly disappearing, leaving a cellular-based communication path as the preferred method to transmit monitored alarm signals. Early versions of alarm communicators worked on the 2G cellular network, which is being replaced by 3G/4G. Sales of our Starlink™ 3G/4G Radios have increased dramatically, with GSM device activations up nearly 27% for the twelve months ending August 31, 2014 versus the prior twelve month period, due to the market demands of replacing an estimated 2 million, currently installed, 2G radios."
This upgrade requirement, as well as the continued need to replace landlines, has driven great growth in both the sale of communication devices, as well as providing NAPCO with the ability to market Starlink Radio Service as a source of subscription-based income for the Company.
Mr. Soloway added, "During our last fiscal year, Starlink-based, recurring revenue income rose by a solid 87%. We feel our extension into the marketplace with the launch of Starlink CDMA, will extend our network penetration and continue to drive exceptional sales and profit growth in this lucrative market."
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.
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.
SOURCE NAPCO Security Technologies, Inc.