Demand for school lock-down systems boosts NAPCO Security sales
Richard Soloway, chairman and president of NAPCO, said, "In schools and colleges, we are seeing a push by local and state lawmakers to increase school safety requirements." Credit:
Rising demand for sophisticated school and college lockdown systems helped boost NAPCO Security Technologies Inc.’s fiscal second quarter net earnings by 3 percent from a year earlier.
The Amityville maker of security and fire alarm devices said net sales in the three months ended Dec. 31 were $20.5 million, up 5 percent from a year earlier and a second quarter record.
Net income was $976,000, or 5 cents a share, up from $951,000 or 5 cents a share.
Richard Soloway, chairman and president, said, “In schools and colleges, we are seeing a push by local and state lawmakers to increase school safety requirements.” They include systems with video surveillance and those that can effect a lock down electronically in seconds, he said.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
Sarra Sounds Off, Season 3, Ep 3: Top football teams in action, fantasy update and plays of the week Gregg Sarra sounds off on the Northport and Half Hollow Hills East matchup, plus Tess Ferguson has an update on the high school fantasy football standings and Jared Vailuzzi has the plays of the week.
