Magal Security Systems Awarded Contract of $2.4 million for the Protection of a Second Major Seaport in Israel
12 Februar 2008 - 12:50PM
PR Newswire (US)
YAHUD, Israel, February 12 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that
it received a US$2.4 million order for a security project to
protect the Eilat seaport in Israel. The majority of the project
will be executed during 2008. The order includes a turnkey solution
to supply fully integrated security systems based on a variety of
the Company's products including its Fence Vibration System, Access
Control System, surveillance cameras and CCTV cameras with
Intelligent Video Analysis, Digital Recording System and Video
Matrix, all integrated and controlled by Magal's advanced
management system. Mr. Izhar Dekel, CEO of Magal, said: "This is
the second order that we have received to protect a commercial
Israeli seaport in the last 8 months. I am pleased to be able to
say that after carrying out a number of projects around the globe
to protect commercial seaports, we have acquired a strong ability
and experience in supplying comprehensive security solutions for
these particularly sensitive sites." 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 Lian Goldstein, 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, Lian Goldstein, 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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