NAPCO Security Technologies CEO & Founder Richard Soloway Named 2025 Security Innovator
The annual Security Innovator Awards recognize individuals who have made outstanding contributions to advancing security technology and improving safety across the industry. Soloway was honored for his over five decades of leadership and innovation at NAPCO, where he helped design and commercialize many of the industry's most trusted intrusion, fire, locking, and access control solutions.
That same recurring revenue service model has served NAPCO well, propelling its own strong, steady growth—creating lasting value for its customers, investors, and the Company.
"I'm proud of receiving this award," said Soloway. "It's been a labor of love creating NAPCO over the last 50 plus years—from starting in my garage to growing into a national leader in electronic security. This recognition truly means a great deal." A lifelong electronics innovator and true entrepreneur, Soloway helped conceptualize, design, and manufacture many of the top-performing products sold and trusted by NAPCO's nationwide base of professional security dealers and integrators.
Soloway continues to actively lead the company's direction—collaborating closely with engineering, sales, and marketing teams, and driving innovation across product development, operations, and strategy. His lifelong commitment to quality, safety, and entrepreneurship has been recognized by numerous industry organizations and has helped NAPCO maintain its leadership position across multiple security verticals.
"I'd like to sincerely thank my fellow team members and our Board of Directors for their incredible support over the years," added Soloway. "This award is not just a personal honor—it reflects the hard work, talent, and dedication of everyone at NAPCO who shares our mission to make the world a safer place."
Since founding the company in 1969, Soloway has driven NAPCO's continued success through engineering excellence, vertically integrated manufacturing, and forward-thinking product development focused on solving real-world security challenges. Its respected brands—NAPCO, Alarm Lock,
Soloway's recognition as a 2025 Security Innovator underscores his enduring impact on the industry and reaffirms NAPCO's ongoing mission to protect people, property, and peace of mind through advanced, reliable security solutions. As the company looks toward the future, NAPCO remains inspired by Soloway's vision—continuing to lead with innovation, integrity, and an unwavering dedication to safety.
About
NAPCO products have earned a reputation for innovation, technical excellence and reliability, positioning the Company for growth in the multi-billion dollar and rapidly expanding electronic security market. For additional information on NAPCO, please visit the Company's web site at http://www.napcosecurity.com.
Safe Harbor Statement
This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management's judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, but are not limited to, statements relating to the impact of COVID-19 pandemic; the growth of recurring service revenue and annual run rate; the introduction of new access control and locking products; the opportunities for fire alarm products; and our ability to execute our business strategies. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those risk factors set forth in the Company's filings with the
Contact:
Francis J. Okoniewski III
Vice President, Investor Relations
800-645-9445 x 374
Mobile: 516-404-3597
fokoniewski@napcosecurity.com
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