Magal Security Systems Receives Orders From New International Customers
26 Februar 2007 - 1:32PM
PR Newswire (US)
Receives $3.2 Million of New Orders YAHUD, Israel, February 26
/PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM:
MAGS; TASE: MAGS), today announced that it recently received two
new orders amounting to US$3.2 million. The orders are both from
new international customers. The first order is to supply security
equipment for Oil facilities and includes the taut wire intrusion
detection system and the MagNet integrated command & control
system. The second order is for a European border and includes
wireless distributed sensors controlled by the MagNet data
acquisition and integrated command & control system. Both
orders are due to be completed in 2007. Mr. Izhar Dekel, CEO of
Magal, said: "These contracts with new customers in new geographic
markets for our company, further validate our strong standing in
the high-end security space and the success of our long-term
marketing efforts. We continue to see the substantial potential of
our diverse product offerings in meeting the evolving security
needs in new global markets, as well as the potential opportunity
of further enhancing the solutions sold to these new customers. We
look forward to announcing additional orders in 2007 as we continue
to increase our geographic footprint and customer base." 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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