AMITYVILLE, N.Y., June 28, 2017 /PRNewswire/ -- NAPCO Security Technologies (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 announced that it has been added to the Russell 3000® Index and the Russell 2000® Index effective June 23, 2017 as part of the Russell Index annual reconstitution.
The Russell 3000® Index measures the performance of the largest 3,000 U.S. companies, and is reconstituted annually to ensure new and growing equities are reflected. As a member of the Russell 3000® Index, NAPCO also would automatically be included in the Russell 2000® Index, which measures the performance of the small-cap segment of the U.S. equity universe. Used extensively by institutional and retail investors globally, there is approximately $8.5 trillion in assets benchmarked to or invested in products based on the Russell US Indexes. $12.6 trillion in assets are currently benchmarked to indexes offered by global index provider FTSE Russell.
Richard Soloway CEO commented, "We are pleased with NAPCO's inclusion in the Russell indices and the opportunity it provides us to increase our visibility within the investment community. The public markets are recognizing the progress we have made in the last few years and also the long term opportunities that lie ahead for us."
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
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SOURCE NAPCO Security Technologies, Inc.