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NAPCO Security Technologies Announces Secondary Public Offering of Shares of Common Stock by Selling Stockholder

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7 months ago

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AMITYVILLE, N.Y., March 5, 2024 /PRNewswire/ — NAPCO Security Technologies, Inc. (NASDAQ: NSSC) (the “Company”), one of the leading manufacturers and designers of high-tech electronic security devices, wireless recurring communication services for intrusion and fire alarm systems as well as a leading provider of school safety solutions, announced today that its Chairman of the Board and President and Chief Executive Officer, Richard L. Soloway (the “Selling Stockholder”), intends to offer and sell shares of common stock beneficially owned by the Selling Stockholder in an underwritten secondary public offering. The Selling Stockholder expects to grant the underwriters a 30-day option to purchase additional shares of common stock at the public offering price, less underwriting discounts and commissions. 

NAPCO is not issuing or selling any shares of common stock in the offering and therefore will not receive any of the proceeds from the sale of the outstanding shares of common stock by the Selling Stockholder, and the offering will not result in dilution to existing stockholders. 

Needham & Company and TD Cowen are acting as joint book-runners for the offering, and D.A. Davidson & Co. is acting as the lead manager for the offering. The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

The securities described above will be offered by the Selling Stockholder pursuant to an effective registration statement on Form S-3ASR previously filed by the Company with the Securities and Exchange Commission (the “SEC”) and which became automatically effective on March [5], 2024. The securities may be offered only by means of a prospectus. A copy of the preliminary prospectus supplement and the accompanying prospectus relating to and describing the offering will be filed with the SEC. Before you invest in securities of NAPCO, you should read the preliminary prospectus supplement and the accompanying prospectus, the registration statement and the other reports, statements and documents the Company has filed with the SEC for more complete information about the Company and the proposed offering. You may obtain copies of these documents free of charge by visiting the SEC website at www.sec.gov. Alternatively, copies of the preliminary prospectus supplement and the accompanying prospectus may also be obtained, when available, by contacting: Needham & Company, LLC, 250 Park Avenue, 10th Floor, New York, NY 10177, Attn: Prospectus Department, prospectus@needhamco.com or by telephone at (800) 903-3268 or Cowen and Company, LLC, 599 Lexington Avenue, 25th Floor, New York, NY 10022, by email Prospectus_ECM@cowen.com or by telephone at (833) 297-2926.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About NAPCO Security Technologies, Inc.

NAPCO Security Technologies, Inc. is one of the leading manufacturers and designers of high-tech electronic security devices, wireless recurring communication services for intrusion and fire alarm systems as well as a provider of school safety solutions. The Company consists of four Divisions: NAPCO, 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 www.napcosecurity.com. 

Safe Harbor Statement

This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, but are not limited to, statements relating to the proposed secondary public offering and the option to purchase additional shares. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those risk factors set forth in the Company’s filings with the Securities and Exchange Commission, such as our annual report on Form 10-K and quarterly reports on Form 10-Q. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and the Company undertakes no duty to update such information, except as required under applicable law.

Contact(s)

Francis J. Okoniewski
Vice President of Investor Relations
NAPCO Security Technologies, Inc.
Office: 800-645-9445 x 374
Mobile: 516-404-3597
Email: fokoniewski@napcosecurity.com 

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SOURCE NAPCO Security Technologies, Inc.

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Huawei Launches All-New Xinghe Intelligent Campus with Full Upgrades, Maximizing Enterprises’ Intelligent Productivity

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60 mins ago

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September 21, 2024

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, the Xinghe Intelligent Campus session was successfully held, attracting more than 200 industry pioneers, experts, and scholars from around the world to explore campus network trends and technological innovations. Also at the event, Huawei unveiled its all-new Xinghe Intelligent Campus Solution that stands out for full upgrades to wireless, application, and operations & maintenance (O&M) experience.

Shawn Zhao, President of the Campus Network Domain, Huawei’s Data Communication Product Line, said, “As video conferencing, AI terminals, and AI applications become more widespread, the campus network access density has increased threefold, and the demand for bandwidth has grown tenfold. In this case, users place new requirements on the assurance for AI applications and audio/video services while expecting more intelligent O&M.”

To meet these needs, Huawei launched its all-new Xinghe Intelligent Campus Solution with full upgrades. Specifically, this solution upgrades wireless experience in performance, roaming, and IoT convergence. It also leverages X-Scheduler (an experience scheduling engine) to upgrade application experience, while drawing on AI-assisted decision-making and a tidal prediction algorithm to upgrade O&M experience. These help customers build an industry-leading digital infrastructure and facilitate the digital and intelligent transformation of enterprises.

In addition, the solution provides end-to-end security assurance. On the wireless side, the innovative Wi-Fi Shield technology radically prevents packet eavesdropping on the air interface. On the wired side, the full-link MACsec capabilities from switches to APs ensure secure campus network data transmission since the very beginning.

Also at the session, leading analyst firms, customers, and partners in various industries shared their unique insights, best practices, and successful cases. Key speakers include Sian Morgan, Research Director of Dell’Oro Group; Dr. Haitham S. Hamsa, Professor of Information Technology, Cairo University; Shang Qun, Assistant to the Director of the Computing Center, Peking University; Sun Pan, Director of Infrastructure Operations Dept, System Digitalization Dept, FAW Group; Connee Zhang, CEO of CypressTel. Their valuable practices will provide a unique reference for the digital and intelligent transformation of enterprises across industries.

Looking ahead, Huawei believes that the Xinghe Intelligent Campus Solution will become the preferred choice for global enterprises’ digital and intelligent transformation to reap more benefits.

For more information about Huawei’s Xinghe Intelligent Campus Solution, visit https://e.huawei.com/en/solutions/enterprise-network/campus-network.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/huawei-launches-all-new-xinghe-intelligent-campus-with-full-upgrades-maximizing-enterprises-intelligent-productivity-302254770.html

SOURCE Huawei

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Duplicate File Finder from Nektony goes global: Now available in six languages

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60 mins ago

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September 21, 2024

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Nektony proudly announces the release of Duplicate File Finder version 8, featuring six additional languages and the highly anticipated Dark Mode.

ODESA, Ukraine , Sept. 21, 2024 /PRNewswire-PRWeb/ — Nektony is excited to unveil Duplicate File Finder version 8, a powerful tool designed to help users efficiently find and remove duplicate files on their Macs, freeing up valuable disk space and improving system performance.

With the latest update, Duplicate File Finder is now accessible to an even broader audience, thanks to its new multilingual support. In addition to localization, version 8 introduces Dark Mode.

With the latest update, Duplicate File Finder is now accessible to an even broader audience, thanks to its new multilingual support:

FrenchItalianUkrainianRussianChineseGermanSpanish

The addition of these languages ensures that users around the world can navigate and utilize the app in their native language, making the process of cleaning up duplicate files even more intuitive and user-friendly.

In addition to localization, version 8 introduces Dark Mode, allowing users to switch to a darker interface that’s easier on the eyes, especially in low-light environments. Dark Mode not only enhances visual comfort but also provides a modern and stylish look to the app, aligning with macOS’s native Dark Mode functionality.

Best strengths

Accurate byte-to-byte resultsFinding all types of duplicate filesSupport of any drive type, Photos, and Music librariesThe Auto Select feature to quickly select all duplicatesFinding similar photos and musicComparing and merging foldersCleaning up duplicates from similar foldersChecking two files to see whether they are duplicates

Availability:

Duplicate File Finder v.8 is available for download from the Mac App Store. It is compatible with macOS 10.13 or later and requires a 64-bit processor. The app is free to use for finding duplicate files, while advanced features are available through an in-app purchase of $14.95.

Brief Description:

App Name: Duplicate File FinderSystem Requirements: macOS 10.13 – 15, 64-bit processorPrice: Free, with advanced features for $14.95

Key Links:

Duplicate File Finder product pageDownload Duplicate File Finder from the App Store

About Nektony:

Nektony is a trusted developer of Mac optimization software tools with over 10 years of experience and millions of satisfied customers worldwide. Nektony’s products include MacCleaner Pro, App Cleaner & Uninstaller, Disk Space Analyzer, and more. The company’s mission is to help users get the most out of their Macs by providing simple, effective, and affordable solutions.

For more information, please contact:

pr@nektony.com

nektony.com

Copyright © 2011 Nektony.

All Rights Reserved. Apple, the Apple logo, and Macintosh are registered trademarks of Apple Inc. in the U.S. and other countries.

Media Contact

Asya Karapetyan, Nektony, 34 624983684, pr@nektony.com, https://nektony.com/help

View original content to download multimedia:https://www.prweb.com/releases/duplicate-file-finder-from-nektony-goes-global-now-available-in-six-languages-302253146.html

SOURCE Nektony

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Technology

2024 World Manufacturing Convention Showcases Next-Gen Technologies

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60 mins ago

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September 21, 2024

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HEFEI, China, Sept. 21, 2024 /PRNewswire/ — As technology and innovation converge, a grand feast celebrating the manufacturing industry is commencing. On September 20, the 2024 World Manufacturing Convention opened its doors at the Hefei Binhu International Convention and Exhibition Center in Hefei, Anhui Province. As a premier event in the manufacturing sector, this convention has brought together top global enterprises, innovative technologies, and cutting-edge concepts to present a feast of technology and innovation to the attendees.

In the Smart Robotics Zone, a variety of robots are busy showcasing their diverse capabilities. The latest unveiling at Jianghuai Advance Technology Center, the ‘Qijiang No.2’ humanoid robot, standing at 1.8 meters tall and weighing 60 kilograms, with 38 degrees of freedom throughout its body. It can not only perform basic human limb movements but also execute delicate tasks like folding clothes, opening bottles, pouring water, and washing dishes with ease. Moreover, it can navigate rough terrains, resembling an intelligent steel companion, sparking anticipation for the future of automation and intelligence in the manufacturing industry.

In the 3D Printing Zone, exquisite exhibits leave spectators in awe. From intricate mechanical components to lifelike artworks, 3D printing technology, with its precise replication and rapid prototyping capabilities, has brought revolutionary changes to the manufacturing industry. Inside the zone, staff are busy calibrating equipment, preparing for a spectacular 3D printing showcase. Meanwhile, the third-generation locally developed 72-qubit superconducting quantum computer, “Origin Wukong,” from the Hefei High-tech Zone, is capturing significant interest. This quantum computer, with over 80% domestic components from hardware to quantum chips, operating systems, and application software, boasts unimaginable computing power, paving new paths for future research, finance, and numerous other fields, shining brightly as a rising star in the quantum technology realm.

Green energy and environmental protection technologies are also significant highlights of this convention. The Green Manufacturing Zone showcases a wide array of energy-saving and eco-friendly equipment and renewable energy products. The application of these technologies not only reduces energy consumption and emissions in manufacturing but also provides robust support for sustainable development.

Furthermore, the convention features multiple zones such as Precision Manufacturing and Intelligent Manufacturing, comprehensively displaying the latest achievements and future trends in the manufacturing industry. Exhibitors have expressed their intentions to leverage this platform to showcase their capabilities, seek collaboration opportunities, and collectively drive high-quality development in manufacturing.

The 2024 World Manufacturing Convention is not just a feast of technology and innovation but also a platform for exchange and cooperation. Here, top leaders in the global manufacturing sector will convene to discuss the future trajectories and pathways of manufacturing. It is believed that in the near future, these cutting-edge technologies and innovative concepts will lead the manufacturing industry towards an even brighter future.

View original content to download multimedia:https://www.prnewswire.com/news-releases/2024-world-manufacturing-convention-showcases-next-gen-technologies-302254774.html

SOURCE World Manufacturing Convention

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