NAPCO Security Technologies, Inc. (NASDAQ: NSSC) announced today that its Chairman of the Board and President and Chief Executive Officer, Richard L. Soloway, intends to offer and sell 2,233,071 outstanding shares of common stock beneficially owned by him in an underwritten secondary public offering. Additionally, the Selling Stockholder intends to grant the underwriters a 30-day option to purchase from him up to an additional 334,961 shares of common stock.

NAPCO is not issuing or selling any shares of common stock in the offering and therefore will not receive any of the proceeds from the sale of the outstanding shares of common stock beneficially owned by the Selling Stockholder. Upon completion of the proposed secondary offering, and assuming full exercise by the underwriters of the option to purchase additional shares from the Selling Stockholder, the Selling Stockholder will continue to own approximately 20% of the issued and outstanding shares of common stock of NAPCO.

The Selling Stockholder is making this offering of outstanding shares owned by him to facilitate his personal financial planning and also to increase trading liquidity of NAPCO's common stock in the public market, without any dilution to existing stockholders.

B. Riley Securities, Inc. and Needham & Company, LLC are acting as joint book-runners for the offering.