Specialized Health Care Sector Products Fuel Significant Market Presence and Growth for NAPCO

-Aging Baby Boomer population forebodes explosive growth in this huge market vertical

Mar 07, 2016, 08:30 ET from NAPCO Security Technologies, Inc.

AMITYVILLE, N.Y., March 7, 2016 /PRNewswire/ -- NAPCO Security Technologies, Inc. (Nasdaq: NSSC) announces the expansion of its customized health care product line by incorporating new AM™, anti-microbial finishes into all of its LifeSaver™ locking and access control hardware. Marketed by NAPCO's Marks USA Division, AM finishes severely inhibit and control the transmission of infectious diseases in hospitals and assisted living facilities by reducing the ability for bacteria or viruses to grow on locking hardware.

NAPCO markets a variety of health care-targeted product solutions, such as the LifeSaver anti-ligature locks, which prevent occupants from harming themselves; Marks USA lead-lined locks for containment in x-ray rooms; and push-pull locking hardware that allows medical personnel to easily transit throughout a hospital with speed and ease without coming in contact with door knobs or levers. The Alarm Lock Division markets electronic keyless access control privacy locks for use in doctor on-call and single sleep rooms, as well as a variety of double-sided access locks and exit alarms, which reduce Alzheimer or juvenile patient flight risk.

Kaiser Permanente, NYU Langone Medical Center, Columbia Presbyterian Hospital, Memorial Sloan Kettering, Bellevue Hospital, Intermountain Healthcare System, Methodist Health System of Dallas/Fort Worth and Fox Hill Village Assisted Living are just some of the increasing number of premier health organizations that are utilizing NAPCO product solutions.

NAPCO President and CEO Richard Soloway stated: "Listening to our health care partners and launching products that provide creative solutions to this vertical's unique array of challenges has given us a substantial and growing market presence in hospitals, assisted living facilities and health institutions across America. The health care market is expected to continue its rapid growth, driven primarily by the use of ever-evolving medical treatments that have increased not only life expectancy, but also life quality.  NAPCO is proud of its contribution in facilitating the life-saving efforts of our health care partners with its line of products designed specifically for this important field."

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.

Investor Relations
KCSA Strategic Communications
Garth Russell
P: 212-896-1250
napco@kcsa.com

 

SOURCE NAPCO Security Technologies, Inc.



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http://www.napcosecurity.com