Richard Soloway Recognized as a Leading Innovator in Security
NAPCO Security Technologies, Inc. (NASDAQ: NSSC) proudly announces that its CEO and Founder, Richard "Dick" Soloway, has been named a 2025 Security Innovator. This prestigious recognition comes from the well-respected magazine, Security Business, and celebrates individuals who significantly enhance safety and security technology across the industry.
A Legacy of Innovation and Leadership
For over five decades, Soloway has been a trailblazer at NAPCO, instrumental in designing and bringing to market some of the industry's most reliable intrusion, fire alarm, access control, and locking solutions. His relentless dedication to advancing security technology has not only improved safety but has also provided immense value to businesses in the sector.
Championing Recurring Revenue in Security
Soloway has been an advocate for integrating Recurring Monthly Revenue (RMR) strategies for security dealers. The technologies implemented by NAPCO enhance life safety while contributing to sustained business growth. Initially focused on intrusion detection, NAPCO has successfully expanded into access control and locking systems, introducing innovative, wirelessly networked, and cloud-based solutions that empower a new wave of dealers, integrators, and locksmiths to develop new RMR streams.
An Entrepreneurial Journey
Reflecting on his journey, Soloway expressed pride in building NAPCO from the ground up, starting in his garage and evolving it into a national leader in electronic security. The 2025 Security Innovator award, he states, is not just a personal accolade; it signifies the dedication and hard work of his entire team who share a common vision for creating safer environments.
Driving Innovation at NAPCO
Today, Soloway remains actively engaged in guiding the company's future, collaborating with various departments, including engineering, sales, and marketing. His focus on innovation and quality has been a cornerstone of NAPCO's strategy, establishing a robust leadership position in multiple security sectors.
Recognizing Team Efforts
In his remarks, Soloway acknowledged the support of his team and the Board of Directors, attributing his achievements to their collective effort. He emphasizes that the award reflects a community of talent dedicated to safety and security, embodying NAPCO's mission.
Commitment to Quality and Safety
Since its inception in the late 1960s, NAPCO has thrived due to its relentless focus on engineering excellence and innovative manufacturing. The company's reputable brands—including NAPCO, Alarm Lock, Marks USA, Continental Access, and StarLink Communications—are trusted in various applications including commercial, industrial, residential, and governmental sectors.
Future Perspectives
Receiving the recognition as a 2025 Security Innovator highlights Soloway's lasting influence in the field of security. This achievement serves to inspire NAPCO's continual effort to guard people, properties, and peace of mind, showcasing their dedication to delivering advanced security solutions.
About NAPCO Security Technologies
NAPCO Security Technologies, Inc. is a prominent manufacturer and service provider in high-tech electronic security devices and a key player in school safety solutions. The organization operates through four primary divisions, with notable brands recognized for their innovation and reliability. Its products are widely employed by security professionals around the globe in various sectors such as commercial and governmental applications. NAPCO's commitment to technical excellence positions the company uniquely for growth in the ever-expanding electronic security sector.
Frequently Asked Questions
What award did Richard Soloway receive?
Richard Soloway was honored as a 2025 Security Innovator by Security Business magazine.
How long has Richard Soloway been with NAPCO?
Richard Soloway has been with NAPCO for over fifty years since its founding.
What does NAPCO specialize in?
NAPCO specializes in high-tech electronic security systems, including intrusion, fire alarm, access control, and school safety solutions.
What does the term Recurring Monthly Revenue (RMR) mean?
RMR refers to the revenue generated monthly from services that provide ongoing value to security dealers and integrators.
What is the vision of NAPCO going forward?
NAPCO aims to continue leading with innovation, integrity, and a commitment to safety in the security industry.
