Magal Reports US$ 2 Million Orders for the Protection of Installations in Canada
21 Dezember 2005 - 1:01PM
PR Newswire (US)
YAHUD, Israel, December 21 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ NM: MAGS, TASE: MAGS) today announced that
its fully owned Canadian based subsidiary, Senstar-Stellar
Corporation (SSC) has recently received approximately US$2 million
in orders for provision of security solutions and security system
infrastructure for power generation and other sensitive sites
located across Canada. More than half of the work on the new orders
will be completed in fiscal year 2005, with the balance completed
by the end of 2006. Mr. Jacob Even-Ezra, Chairman of Magal
commented, "These orders are from customers looking to us to
provide solutions for their security needs. It is testament to the
breadth and quality of our products and services, and the fact that
our products have been tried, tested and shown to be work very well
in high security-risk environments." About Magal Security Systems,
Ltd.: Magal Security Systems Ltd. is engaged in the development,
manufacturing and marketing of computerized security systems, which
automatically detect, locate and identify the nature of
unauthorized intrusions. Magal also supplies video monitoring
services through Smart Interactive Systems, Inc., a subsidiary
established in the U.S. in June 2001. The Company's products are
currently used in more than 70 countries worldwide to protect
national borders, airports, correctional facilities, nuclear power
stations and other sensitive facilities from terrorism, theft and
other threats. Israeli-based Magal has subsidiaries in the U.S.,
Canada, the U.K., Germany, Romania, Mexico and an office in China.
Magal trades under the symbol MAGS on the Nasdaq National Market
since 1993 and on the Tel-Aviv Stock Exchange (TASE) since July
2001. This press release contains forward-looking statements, which
are subject to risks and uncertainties. Such statements are based
on assumptions and expectations which may not be realized and are
inherently subject to risks and uncertainties, many of which cannot
be predicted with accuracy and some of which might not even be
anticipated. Future events and actual results, financial and
otherwise, may differ from the results discussed in the
forward-looking statements. A number of these risks and other
factors that might cause differences, some of which could be
material, along with additional discussion of forward-looking
statements, are set forth in the Company's Annual Report on Form
20-F filed with the Securities and Exchange Commission. Contacts:
Company Magal Security Systems, Ltd Raya Asher, CFO Tel:
+972-3-5391444 Fax: +972-3-5366245 E-mail: Investor Relations
Gelbart Kahana Investor Relations Ehud Helft/Kenny Green Tel:
+1-866-704-6710 E-mail: DATASOURCE: Magal Security Systems Ltd.
CONTACT: Company: Magal Security Systems, Ltd, Raya Asher, CFO,
Tel: +972-3-5391444, Fax: +972-3-5366245, E-mail: . Investor
Relations: Gelbart Kahana Investor Relations, Ehud Helft/Kenny
Green, Tel: +1-866-704-6710, E-mail: ,
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