Magal Security Systems Receives $1.8 million of Orders for a Broad Spectrum of Products
04 Juni 2007 - 2:01PM
PR Newswire (US)
Solutions Will Protect Seaport and Border Crossing YAHUD, Israel,
June 4 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd.
(NASDAQ GM: MAGS; TASE: MAGS), today announced that it recently
received two new orders amounting to approximately US$1.8 million
for a broad spectrum of the Company's products. The orders, from
two prominent Israeli customers, are for the protection of Ashdod
seaport in Israel and a border crossing terminal. The orders
include turnkey solutions to supply fully integrated security
systems based on Magal's FORTIS Command & Control System, which
supports real-time decision making and wide-area command and
control. The orders also include the Company's state-of-the-art
DreamBox intelligent video, audio and sensor management platform,
access control systems with RFID, CCTV cameras, vibration sensors
and other systems. Mr. Izhar Dekel, CEO of Magal, said: "These two
orders for our comprehensive and advanced security offerings
further attest to Magal's position as a leader in the protection of
highly sensitive areas, such as seaports and border crossings."
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 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 on the NASDAQ Global Market and
on the Tel-Aviv Stock Exchange (TASE). 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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