AMITYVILLE, N.Y., Jan. 4, 2017 /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 it was included in the Newsday Long Island Stock Index winners list for 2016.
The index is comprised of publicly traded companies in the Long Island, NY area. For the year 2016 the index returned 15.9% while NAPCO shares returned 44.1% for the year. In addition, NAPCO far outperformed the Dow (13.4%) the S&P 500 (9.5%) and the Russell 2000 (19.5%). NAPCO is proud to have achieved such a strong return on investment for its shareholders, and has a long history on Long Island where it employs over 200 people at its headquarters in Amityville, NY.
Richard Soloway, CEO of NAPCO commented "We are delighted to be highlighted in the index winners for 2016 and also of the returns that we have generated for our shareholders. Our new products such as our Starlink cellular radios and School LocDown Solutions are helping to grow our business, while our engineers are busy developing more new exciting products for the future. Our stock performance is indicative of the market reception to our many new products and of the hard work of our employees in 2016. We are excited about the future as we head into 2017."
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.