AMITYVILLE, N.Y., June 7, 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 addresses the issue of safety on school campuses.
Richard Soloway, President and CEO of NAPCO, commented, "School shootings have occurred with such frequency that many have accepted such atrocities as an inevitable consequence of living in a free society. We at NAPCO disagree. We remain committed to developing systems that can assist in reducing the effects of these events until one day they can be eradicated completely."
News reports of efforts by students to protect themselves during the recent shooting at UCLA emphasize the need for updated security in our schools. Students were improvising different ways to block doors that open outwardly due to fire codes in order to keep the shooter from gaining entry. The door handles were attached to belts and ropes and then tied to computer printers or other items. Recommendations of barricading doors were followed, but would provide little protection in securing an outwardly opening door. Many schools, including our largest universities, are not equipped with security products that can protect the students and faculty even though such technology exists.
NAPCO's suite of systems can play a significant role in protecting educational institutions. Integrating and networking products from our NAPCO, Alarm Lock, Marks and Continental divisions enables users to wirelessly control access to (and within) schools, provide video monitoring as well as activate a lock-down in seconds.
To aid the School Safety vertical in augmenting security preparedness, NAPCO created a proprietary School Access-control Vulnerability Index, or SAVI, audit system. SAVI quantitatively measures a school's security preparedness in the form of an index and takes an active approach in educating security dealers and end-user school officials about the systems needed to protect the lives of their educators and students.
While laws vary greatly across the country, more states are beginning to pass legislation with respect to school safety. In March, the State of Idaho passed the School Safety and Security Act of 2016. Earlier this year, voters in Albuquerque, NM approved a bond offering which included $7MM earmarked for school security upgrades. In New York, a new law to go into effect July 1, 2016 will require mandatory lockdown drills. In the Detroit, MI area, the Lake Shore Public School district has earmarked $9.3M dollars of a $35M bond offering toward upgrading school security.
NAPCO applauds the proactive steps that legislators are taking to protect our schools. Statistically, in the USA alone, there are over 100,000 K-12 schools and over 10,000 colleges and universities. The Company's products offer solutions for the budgets of all these types of educational facilities. Today, there are already hundreds of schools and universities using NAPCO solutions and we look forward to supplying school protection systems to the yet unprotected educational institutions for many years to come.
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.
Director of Investor Relations
NAPCO Security Technologies, Inc.
OP: 800-645-9445 x 374
Three Part Advisors
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/napco-security-addresses-school-safety-300280575.html
SOURCE NAPCO Security Technologies, Inc.