AMITYVILLE, N.Y., Feb. 22, 2016 /PRNewswire/ -- NAPCO Security Technologies, Inc. (Nasdaq: NSSC) announced the commercial debut of its ArchiTech™ Networx™ platform with new iLock™ App, now incorporating universally-compatible Bluetooth LE™ technology, and allowing a smart device to unlock an ArchiTech-equipped building door, securely and conveniently, from up to 30 feet away.
This new smart, key-free ArchiTech Access Lock platform capability offers much more than that of an ID card displayed on a smartphone. It provides true, added security by wirelessly pairing each ArchiTech Door Lock and its iLock™ App together, with each supplying a portion of stored encrypted data to ensure user identities. For even greater security, users can add an optional passcode, which they can enter on the app. As a result, the ArchiTech platform offers a unique combination of convenience and clone-proof peace of mind, resulting in secure access without a key, fuss or worry.
ArchiTech can be used to control access one door at a time; across a wireless network; or as an integral part of a new or existing enterprise security system—spanning a few, or thousands of doors, in one building, a campus or multiple sites around the world. Ideal for educational, commercial office or multi-dwelling residential settings, these stylish, durable locks, offering a choice of ID credential and multi-technology readers in several styles, plus a choice of over 300 Grade 1 lock trims and finishes. The platform is marketed across channels and through three of the Company's sales groups, i.e., by Alarm Lock, Continental Access & Marks USA.
NAPCO President and CEO Richard Soloway said: "The ArchiTech platform of wireless door locks offers the highest level of functionality with ease of use. In a day and age where push button start cars and Google® Wallet™ are more common, people are now looking at their homes and business and want simple keyless entry without sacrificing security. We believe that with NAPCO's legacy of providing the best in residential and commercial security devices, we are in a unique position to bring the industry to this next level of simplicity."
Mr. Soloway concluded: "With the announcement last week that ADT was acquired by Apollo Global Management for $42 per share (a 56% premium to the prior Friday's closing price), it is apparent that large investments are continuing to be made in the security space at significant premiums. If 'smart' private equity managers are making such investments in the security industry, they likely see growth in that area. NAPCO is well positioned to capitalize on any such growth trends in both the near term and the long term with its broad array of security products, including our ArchiTech™ Networx™ platform with iLock™ App announced today."
For more information on ArchiTech Solutions visit: www.architechnetworx.com.
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 revenue, 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.
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SOURCE NAPCO Security Technologies, Inc.