Magal Receives an Order to Protect an International Airport in Central Asia
11 März 2008 - 12:42PM
PR Newswire (US)
YAHUD, Israel, March 11 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that
it recently received a 7-digit order for perimeter protection of an
international airport in Central Asia. The order calls for the
design, supply and commissioning of the Omnitrax-Buried Cable
system and the Intelli-Wave - Microwave Protection System, both
controlled by Magal's StarNet 1000 -Security Monitoring and Control
System. Omnitrax is Magal's newest buried cable product utilizing
unique ranging technology. This allows pinpointing an intruder's
location within the accuracy of a few meters. The order is expected
to be completed by the end of the third quarter of 2008. Mr. Izhar
Dekel, CEO of Magal, commented, "Over the years Magal and its
subsidiaries have gained significant experience in protecting
airports worldwide. This airport in Central Asia joins an
outstanding list of dozens of other airports that are already
successfully using Magal's products to protect their perimeters."
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 in the U.S. on the NASDAQ 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, 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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