Tag: Marks USA
NAPCO locks in Q3
May 8, 2024Cory Harris, Editor
AMITYVILLE, N.Y.—Richard Soloway, CEO of NAPCO Security Technologies, attributed “recurring revenues enabled by hardware innovations” as the catalyst to a 14th consecutive record-breaking quarter for sales during the third quarter of fiscal 2024.
Net sales increased 13% to $49.3 million - the highest quarterly sales in the company's history - while recurring service revenue (RSR) increased 29% to $19.5 million, representing 40% of total revenue.
Locked...
Latch partners with NAPCO/Marks USA, dormakaba and TownSteel
November 16, 2021SSN Staff
NEW YORK—Latch, Inc., maker of LatchOS, the full-building enterprise software-as-a-service (SaaS) platform, announced new partnerships with Marks USA, a division of NAPCO Security Technologies, and TownSteel, Inc., along with an intended partnership with dormakaba Holding AG.
The powerful combination of these partnerships should bring LatchOS to even more residents, property managers, and guests, and help accelerate Latch’s growth across new market segments, lock formats, and verticals.
“From...
Marks USA introduces Lectra Electrified Locks
October 4, 2021SSN Staff
AMITYVILLE, N.Y.—Marks USA, a division of NAPCO Security Technologies, renowned for its architectural-grade hardware, locking and access lock lines, is excited to announce the debut of its new labor-saving Lectra Electrified Locks.
Lectra is ideal for stairwell doors, mantraps, hospitals and receptionist buzz in applications. It Is available in both mortise and cylindrical solenoid-operated locks in 12 or 24 VDC.
Durable, Grade 1 Lectra locks feature...