Florida legislature considering bill requiring schools to conduct lockdown drills
Actual school lockdowns just this week include: Texas, Maryland, North Carolina, Georgia, Colorado, Kansas and Illinois
AMITYVILLE, N.Y., Feb. 13, 2013 /PRNewswire/ -- NAPCO Security Technologies, Inc.,(NASDAQ: NSSC), one of the world's leading suppliers of high performance electronic security equipment for over 30 years, announced today that it believes many school classrooms need higher security locks to secure a classroom in the event of an emergency, based on increased orders for its LOCDOWN™ brand manufactured by its Marks USA division. The LOCDOWN family of products are cost effective, mechanical locks, that enable a teacher to lockdown a classroom from the inside, and may provide safer alternatives.
School security is a focus of news activity and increasingly drawing the attention of state and local legislatures around the country as lockdowns become a more frequent occurrence. As of this past Tuesday, school lockdowns had taken place in at least seven states across the country including Texas, Maryland, North Carolina, Georgia, Colorado, Kansas and Illinois.
State Senator Jeff Brandes of St. Petersburg, Florida, proposed legislation this week that would require schools to conduct lockdown drills to help prepare students and teachers for dangerous situations. NAPCO's Marks USA division has many products with the lockdown feature, and has been experiencing increased demand.
Richard Soloway, CEO of NAPCO Security Technologies recently commented on the lockdown product on the Company's quarterly earnings call, "Orders for our LOCDOWN classroom intruder lock increased at the end of the quarter, in response to the tragic events in Newtown, Connecticut. Our LOCDOWN product enables a school official to manually lock-down a door from the inside of a classroom or office. Interest has also been heightened for two of our Company's education, vertical market solutions, namely Continental Access Control's enterprise class, card-access systems and Alarm Lock's NETWORX™ wireless locking systems. Both systems offer schools the security capability of totally locking-down all access points to a building or campus, in minutes."
More information on NAPCO's lockdown technologies are available at: http://www.napcosecurity.com/lockdown.html
A replay of NAPCO's fiscal second quarter earnings conference call is available until February 25, 2013, by dialing 877-660-6853 (replay conference #408332). The access number for the replay for international callers is 201-612-7415 (replay conference #408332).
About NAPCO Security Technologies, Inc.
NAPCO Security Technologies, Inc. is one of the world's leading manufacturers of technologically advanced electronic security equipment including intrusion and fire alarm systems, access control and door locking systems. The Company consists of NAPCO plus three wholly-owned subsidiaries: Alarm Lock, Continental Instruments, and Marks USA. The products are installed by security professionals worldwide in commercial, industrial, institutional, residential and government applications. NAPCO products have earned a reputation for technical excellence, reliability and innovation, poising the Company for growth in the rapidly expanding electronic security market, a multi-billion dollar market.
For additional information on NAPCO, please visit the Company's web site at 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.
James Carbonara, Regional Vice-President
Wolfe Axelrod Weinberger Assoc. LLC
(212) 370-4500; (212) 370-4505 fax
SOURCE NAPCO Security Technologies, Inc.