AMITYVILLE, N.Y., Dec. 11,
2023 /PRNewswire/ -- NAPCO Security Technologies,
Inc. (NASDAQ: NSSC), one of the leading designers and manufacturers
of high-tech electronic security devices, wireless recurring
communication services for intrusion, fire alarm, access control
and locking systems as well as a leading provider of school safety
solutions has recently been ranked within globally renowned Forbes'
magazine's list of America's Most Successful Small-Cap Companies
for 2024.
"It's an honor to be included alongside a distinguished group of
highly successful companies in the prestigious list of Forbes' Most
Successful Small-Cap Companies," said Richard Soloway, CEO of NAPCO Security
Technologies. "This achievement is a tribute to our exceptional
team's hard work, expertise, and unwavering commitment. We
are grateful for the trust of our shareholders and remain focused
on driving forward and leveraging our strengths creating long-term
value for all stakeholders."
The data used to help investors find 100 "diamonds in the rough"
was compiled from Factset. NAPCO is the only security systems
manufacturer that made the top 100 "diamonds in the rough"
group. Forbes screened nearly 1,000 companies with a market
value between $300 million and
$2 billion and narrowed the list down
to 389, of which had positive sales growth over the past twelve
months and a share price of at least $5. All data was as of November 3, 2023, and the rankings are based on
many factors, including sales growth, earnings growth, return on
equity, and total stock return for the trailing twelve months and
over the last five years.
About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc., is one of the world's leading
manufacturers and service providers of high-tech electronic
security devices as well as a leading provider of school safety
solutions. The Company consists of four Divisions: NAPCO, 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
are based on current expectations, estimates, forecasts and
projections of future performance based on management's judgment,
beliefs, current trends, and anticipated product performance. These
forward-looking statements include, but are not limited to,
statements relating to the impact of COVID-19 pandemic; the growth
of recurring service revenue and annual run rate; the introduction
of new access control and locking products; the opportunities for
fire alarm products; and our ability to execute our business
strategies. Actual results, performance or achievements could
differ materially from those anticipated in such forward-looking
statements as a result of certain factors, including those risk
factors set forth in the Company's filings with the Securities and
Exchange Commission, such as our annual report on Form 10-K and
quarterly reports on Form 10-Q. Other unknown or
unpredictable factors or underlying assumptions subsequently
proving to be incorrect could cause actual results to differ
materially from those in the forward-looking statements. Although
we believe that the expectations reflected in the forward-looking
statements are reasonable, we cannot guarantee future results,
level of activity, performance, or achievements. You should not
place undue reliance on these forward-looking statements. All
information provided in this press release is as of today's date,
unless otherwise stated, and the Company undertakes no duty to
update such information, except as required under applicable
law.
Contacts:
Francis J. Okoniewski III
Vice President of Investor Relations
NAPCO Security Technologies, Inc.
800-645-9445 x 374
Mobile: 516-404-3597
fokoniewski@napcosecurity.com
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SOURCE NAPCO Security Technologies, Inc.