AMITYVILLE, N.Y., May 17, 2016 /PRNewswire/ -- NAPCO Security Technologies, Inc. (NSSC), one of the world's leading solutions providers and manufacturers of high tech electronic intrusion security, IoT connected home, video and fire systems, as well as enterprise-class access control and door locking products, today announced it has retained Three Part Advisors, LLC, a rapidly growing, full service investor relations ("IR") consulting firm and has hired Patrick McKillop as Director of Investor Relations for NAPCO.
Three Part Advisors will work directly with management and Mr. McKillop to develop and execute a comprehensive, strategic investor relations program that focuses on educating investors and increasing exposure within the investment community. In addition to providing investor relations consulting services, Three Part Advisors also produces IDEAS Conferences, which are annual independent regional investor conferences that attract more than 100 quality presenting companies and more than 500 investors and analysts.
Patrick McKillop has been named the in-house Director of Investor Relations for NAPCO. Patrick has twenty plus years on Wall Street with various firms such as Cowen & Co, Maxim Group and Rodman & Renshaw. In joining the Company, his efforts will be focused on outreach to the investment community and continue to foster long lasting and quality relationships.
Richard Soloway, Chairman and President, commented, "We feel we have an exciting NAPCO story with two key paradigm shifts in our business with the addition of recurring monthly revenues and the heightened awareness around school security. We want to intensify our outreach so that investors know of the new exciting business developments at NAPCO. We chose Three Part because they have an established network of investors through their many years of first class investor outreach and their IDEAS conferences."
"Additionally, we have hired Patrick McKillop as in house Director of Investor Relations to manage our IR program. Patrick is an industry veteran with over 20 years' experience with relationships all over Wall Street. We think we have the winning combination with this new IR team. We are excited about our future and we look forward to many years of growth and prosperity," continued Mr. Soloway.
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.
About Three Part Advisors, LLC
Three Part Advisors, LLC provides independent research, investor relations, and corporate development consulting services. The firm has a proven record of assisting public company clients to increase trading liquidity and decrease stock price volatility, which ultimately impacts total valuation and lowers the cost of capital. Three Part Advisors' professionals design custom investor relations programs to improve visibility, develop the right message, and attract the right investors for clients' current goals and strategic vision. More information is available at www.threepa.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.
Director of Investor Relations
NAPCO Security Technologies, Inc.
OP: 800-645-9445 x 374
Three Part Advisors
SOURCE NAPCO Security Technologies, Inc.