NAPCO's iBridge Technology Named Top Innovation of 2014 by Security Sales & Integration Magazine
Recurring revenue model makes iBridge a top choice for security dealers
NEW YORK, Jan. 13, 2015 /PRNewswire/ -- NAPCO Security Technologies, one of the world's leading manufacturers of high-technology electronic security, connected home, video, fire alarm, access control and door-locking systems, has been nominated as one of Security Sales & Integration's Top 30 Innovations for the iBridge connected home services technology.
"Our team has made the iBridge platform the industry standard for professional-grade connected home products," said Richard Soloway CEO and Founder of NAPCO. "Homeowners can not only control HVAC and security systems with their mobile devices, they can also operate small appliances using Z-wave communications technology."
Security Sales & Integration is one of the United States' leading B2B systems integration publications and its annual list of Top 30 Innovations is a premier accolade for the security industry. 2014's 30 finalists were selected by SS&I veteran columnists Bob Dolph and Paul Boucherle.
Demand for iBridge has spiked among both dealers and consumers. In the past year, iBridge has quickly become one of NAPCO's bestselling products.
"A key contributor to iBridge's popularity has been its ability to generate recurring revenue," noted Soloway. "We have received an overwhelmingly positive response from our dealer network and, in the near future, we plan to expand this revenue model to additional NAPCO products."
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, 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.
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