Magal Receives a $6 million Order to Protect Military Bases in Israel
31 Januar 2007 - 11:00AM
PR Newswire (US)
YAHUD, Israel, January 31 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that
it has received an approximately US$6 million order for a turnkey
project to protect several military bases in Israel. As part of the
project, Magal will implement its Taut Wire Intrusion Detection
Systems and its FORTIS Integrated Command & Control system.
Magal will serve as the subcontractor for the perimeter intrusion
detection systems and the work is expected to be completed before
the end of 2007. Izhar Dekel, CEO of Magal, said: "We are very
pleased with this contract which attests to our position as the
leading provider of perimeter security solutions and our ability to
perform in a high intrusion risk environment. This win combines two
of our product lines, legacy and new, further supporting our
strategic decision to expand our security offerings." 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
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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