AMITYVILLE, N.Y., Aug. 15, 2016 /PRNewswire/ -- NAPCO Security Technologies, Inc. (Nasdaq: 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 announces that company representatives will be attending the CEDIA 2016 industry show September 13-17, 2016 in Dallas, TX, where its iBridge Connected Home products will be showcased.
NAPCO's iBridge Connected Home is a product in the IoT (Internet of Things) market which includes the smart home segment. The IoT market is expected to grow in the US to $18B in 2025 from $3.5B in 20151. The smart home segment includes products that can control a homeowner's environment with the use of high tech equipment to enhance quality of life for the homeowner. iBridge allows homeowners to experience the ability to control temperature, lighting, locks, alarms and see live video as well as receive text message video alerts, all from the smartphone.
Security dealers can easily install and have homeowners enjoy this experience while gaining the ability to collect recurring revenue of which NAPCO receives a portion of for providing services to the dealer.
CEDIA 2016 is the worlds premier showcase for home technology. The show highlights many breakthrough products and is attended by the innovators in the industry. It is the connecting point for manufacturers, home technology professionals, industry partners and media.
Richard Soloway, CEO of NAPCO stated, "We are very excited to show our iBridge connected home product line to the 20,000 plus attendees. We expect to meet thousands of new dealers who will discover the opportunity with NAPCO, to make money with recurring revenue by installing NAPCO's unique iBridge product line."
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.
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.
Contacts:
Patrick McKillop
Director of Investor Relations
NAPCO Security Technologies, Inc.
OP: 800-645-9445 x 374
CP: 516-404-3597
pmckillop@napcosecurity.com
Three Part Advisors
Jeff Elliott
972-423-7070
jelliott@threepa.com
1 First Analysis Report July 7,2016
SOURCE NAPCO Security Technologies, Inc.