NAPCO Security Technologies, Inc. (NASDAQ: NSSC), one of the world's leading manufacturers and service providers of high-tech electronic security devices as well as a leading provider of school security and safety solutions, announced today the pricing of the previously announced underwritten secondary public offering of 2,233,071 shares of its common stock at an offering price to the public of $26.00 per share (the "Offering"). The shares are being sold by NAPCO's Chairman of the Board and President and Chief Executive Officer, Richard L. Soloway (the "Selling Stockholder"). Additionally, the Selling Stockholder has granted the underwriters a 30-day option to purchase from him up to an additional 334,961 shares of common stock. The Offering is expected to close on December 15, 2020, subject to customary closing conditions.

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 common stock being sold in the Offering by the Selling Stockholder. Upon completion of the 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.

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