Magal Reports Orders of $4.3 Million to Protect Sensitive Installations in Mexico
11 September 2006 - 12:31PM
PR Newswire (US)
YAHUD, Israel, September 11 /PRNewswire-FirstCall/ -- Magal
Security Systems, Ltd. (NASDAQ GM:MAGS, TASE:MAGS) today announced
that its fully owned Mexican subsidiary, Senstar-Stellar Latin
America, S.A de C.V., signed a $4.3 million contract to supply
intrusion detection systems and video surveillance equipment for
sensitive facilities in Mexico. The order includes, among other
systems, the MTC-1500 day-and-night surveillance system and the
DreamBox, all-in-one CCTV security solution which integrates a
number of CCTV related applications into one box. The contract is
expected to be supplied by the end of this year. Izhar Dekel, CEO
of Magal Security Systems, said: "This order demonstrates once
again customer interest and appreciation for Magal's systems. In
this case, it is a sophisticated system that involves Magal's
products in the area of perimeter security and its expertise in the
execution of comprehensive projects." "I believe that we will
receive additional orders from this customer in the future,"
concluded Mr. Dekel. About Magal Security Systems, Ltd.: Magal
Security Systems Ltd. (Magal) 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 in
the U.S. 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 in the U.S. on the Nasdaq National Market since 1993
and in Israel 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 G.K.
Investor Relations Ehud Helft/Kenny Green Tel: +1-866-704-6710
E-mail: DATASOURCE: Magal Security Systems Ltd CONTACT: Contacts:
Company: Magal Security Systems, Ltd , Raya Asher, CFO, Tel:
+972-3-5391444, Fax: +972-3-5366245, E-mail: ; Investor Relations:
G.K. Investor Relations, Ehud Helft/Kenny Green, Tel:
+1-866-704-6710, E-mail: ,
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