Napco management hosted one-on-one meetings during that day.  The topics highlighted during the conference included the recently reported Fiscal Q3 2020 results, the business mix shift to recurring revenues with higher margins from the Starlink Communicator family of products and addressing the urgent need for securing the schools in the US. Napco has a product portfolio for school security that has been designed to fits the needs of K-12's and large universities.

The company's 3rd quarter results showed an impressive growth for the Starlink line of wireless cellular alarm communicators, which continues to experience substantial market share and recurring service revenue growth, with a 37% increase in RSR for Q3, versus a year-ago. The Starlink Fire communicators, with their unique Panel-Powered Technology, lead the communicator product line in growth for the company, as there exists a need to upgrade millions of legacy fire panels, currently communicating via increasingly obsolescent landlines, to wireless cellular alarm communication technology.  Additionally, the Starlink Fire communicator growth, with its highly profitable recurring revenue sales levels, continues to fuel strong gross margin increases for Napco.

Commenting on the Q3 results in May, Richard Soloway, Chairman & President, Napco, said, "We are now in our fiscal fourth quarter and with shelter in place directives continually changing, we will continue to carefully monitor and fine-tune the best ways to service our customers during a time that our business, like countless others, will likely encounter market challenges that can neither be fully anticipated nor quantified.

As we make progress against COVID-19 and look forward to the resurgence of our economy, we believe we are well-positioned in the non-discretionary, commercial, high gross margin sector, of the security industry, to weather the storm. We believe our continued strong levels of recurring service growth and accompanying expansion of our profitability should continue into the future. We will continue our focused commitment to identifying new, large growth opportunities to continue to add incremental recurring service revenue sales and income to Napco."