NAPCO Security Systems Inc., a manufacturer of electronic security systems and security locks, was recently included in the top tier of NASDAQ’s Global Select Market, an honor that is reserved for only 1,000 of the 3,200 companies in the marketplace that meet higher listing standards.
Based on financial and liquidity requirements, the NASDAQ Global Select Market has the highest initial listing standards of any exchange in the world. Beginning July 3, three new listing tiers – NASDAQ Global Select Market, NASDAQ Global Market and NASDAQ Capital Market – will be used to classify the electronic security market, which some estimate at as much as $30 billion in size.
“We are pleased NAPCO Security Systems has met the stringent criteria to be included in the new NASDAQ Global Select Market Listing. We will strive to continue this record of success in future years,” says CEO Richard Soloway. Soloway says NAPCO’s reputation for technical excellence, reliability and innovation, in conjunction with residential, commercial, institutional, governmental, and industrial accessibility, has made it possible for the firm’s security products to reach best-selling status.
Bruce Aust, executive vice president of the Corporate Client Group, says, “NAPCO Security Systems is an example of an industry leader that has achieved superior listing standards, which clearly defines the essence of the NASDAQ Global Select Market.”
NAPCO’s portfolio includes companies like Alarm Lock and Continental Instruments.
