by home security
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26.07.10
, One of the world's leading suppliers of high performance electronic security equipment for over 30 years, today issued an update to shareholders in the following letter:Dear Shareholder,
We recently completed our fiscal year 2010 on June 30th and while it will be a couple of months before we report our fully audited results, what we know at this time is that we expect to report improved sales as compared to last year's fourth quarter.
Our research and development continues to create new product offerings. Specifically, we are putting the finishing touches on several new products to be introduced for the next major industry show in the fall, the International Security Conference (ISC) East, to be held in New York City. We plan on officially introducing these products in the coming months, once they are ready for commercialization. Many of these products were originally designed with ways to capture recurring revenue opportunities for NAPCO and we believe that we will continue to focus our R&D efforts into those markets as they are win-win for NAPCO and its customers, the dealers, whom also are seeking ways to improve their top lines. One new recurring revenue product we will be introducing very soon, has cutting edge technology, featuring a new super slim "wireless" remote touchscreen "tablet" style keypad which controls the burglar and fire alarm systems and also can show the homeowner or business owner visitors at door entrances as well as viewing rooms inside the premises which have cameras installed in them.
Source: MarketWatch (press release)
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