NAPCO Highlights New Cloud-Based Solution, Locks at ISC West 2021
NAPCO says the AirAccess Cloud-based access control solution, Lectra Locks and E-Access products can drive recurring revenue and equipment sales.
LAS VEGAS — NAPCO Security Technologies (NASDAQ: NSSC), is showcasing several new solutions at ISC West, including the AirAccess Cloud-based access control solution.
AirAccess is said to be unique and ushers in a new generation of access control by eliminating the need for expensive upfront hardware costs to end users and also uses cellular communications bypassing the end users IT network.
A mobile app, mobile credentials, text-notifications & real-time alarm monitoring option are other features of the AirAccess system. NAPCO says it believes that the market for Cloud-based access control could be in the billions of dollars.
Additional new products being showcased include the new Lectra Locks from NAPCO’s Marks Division and E-Access from Continental Access. Lectra locks are electrified mortise & cylindrical locks which offer dramatic savings in time and labor over electric strikes and also allow for easy retrofit of standard locksets, according to the company.
Lectra Locks are well-suited for stairwell doors (with fire alarm integration), man-traps (with enterprise access control) and receptionist buzz-in applications.
Continental Access division’s new E-Access embedded access control platform is a self-contained and ready out-of-the box solution, for a few doors and scalable to over 500. Features include choice of 1-,2-and 4-door expandable controllers, no-touch Bluetooth credentials & 1-click issuing.
E-Access is well-suited for applications such as standalone retail stores and restaurants. NAPCO says it believes that the market opportunity for both Lectra and E Access products is very large and could be well above a billion dollars.
“We are excited to be back at ISC West this year to highlight the previously mentioned new products like AirAccess which will generate more recurring revenue for NAPCO going forward,” says Richard Soloway, CEO. “NAPCO prides itself as the only manufacturer of an integrated product line of security products encompassing alarms, locking products and access control products. NAPCO will now generate recurring revenue from each of these categories and we believe the future remains bright for our company.”
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