Magal Security Systems Awarded a Contract for the Protection of a Major Seaport in Africa
07 Januar 2008 - 11:34AM
PR Newswire (US)
YAHUD, Israel, January 7 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ GM: MAGS)(TASE:MAGS), today announced that it
received a contract for a security project to protect a major
seaport in Africa valued at approximately US$1.25 million. This
project includes a variety of the Company's products including its
Fence Vibration System, Access Control System, CCTV cameras with
Intelligent Video Analysis and the MTC-1500 Thermal Day & Night
Surveillance System, all integrated and controlled by Magal's
advanced DreamBox system. DreamBox is a state-of-the-art embedded
hardware and software product, which in this project integrates
intelligent video analysis, digital video recording and a video
matrix switcher incorporated into its built-in security management
system. Mr. Izhar Dekel, CEO of Magal, said: "This is the second
order received in recent months to protect a commercial seaport.
This order, together with the US$0.8 million order received in June
2007 to protect the Ashdod seaport in Israel, strengthens once
again our position as a leading provider of advanced security
solutions to meet the demanding requirements of such key
locations." 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.
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. 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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