Magal Reports US$1.3 Million Order for Life Safety System
10 Januar 2007 - 1:00PM
PR Newswire (US)
YAHUD, Israel, January 10 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ: MAGS; GM: MAGS; TASE: MAGS), today announced
its wholly owned UK subsidiary, Senstar-Stellar Limited, has
received an order of approximately US$ 1.3 million. The order is to
replace a personnel-attack alarm system at the State Hospital
Facility in Scotland with Senstar-Stellar's FLARE(R) Emergency
Locating System. The work will be completed during 2007. The FLARE
Emergency Locating System uses a patented RF technology that can
accurately locate both indoor and outdoor events. By utilizing
bi-directional audio, the system also enables the control room to
communicate with personnel located in the area of the alarm
allowing the exchange of real-time information. Izhar Dekel, CEO of
Magal, said: "This order is from a client with a long working
history with our UK-based Senstar-Stellar subsidiary. We are proud
that we are able to provide this client with a state-of-the-art
safety system, having previously supplied perimeter security
sensors for this facility. This is another demonstration of our
continuing commitment to provide a broad spectrum of security
solutions to our customers." 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 Global 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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