YAHUD, Israel, May 31, 2011 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ: MAGS, TASE: MAGS) today announced that it has signed a
$35.5 million contract for a turnkey project, to provide a fully integrated
security system, covering multiple sites, for the African Cup of Nations
Football Championship to be held in January 2012 in West Africa.
The project will cover football grounds, the stadium and the Olympic
villages for the participating teams. The full solution will be networked and
integrated into several command and control centers by Fortis - Magal's state
of the art Physical Security Information Management (PSIM) system. A built in
hierarchical structure will enable control of several smaller centers by a
main regional control center.
The security solution includes Magal's newest technologies, such as
Barricade II - an innovative fence mounted locating sensor and a full CCTV
solution with multiple surveillance cameras and sophisticated IVA
(Intelligent Video Analytics) capabilities. Additionally, various types of
gates with access control, X-Ray screening devices for visitors, intercom and
public announcement systems will complement the full solution.
Mr. Jacob Perry, Chairman of the Board of Magal S3, commented: "This is
the largest project in our history and both represents a highly significant
business achievement and an acceleration in Magal's growth trajectory.
Securing major sporting events such as this, represent a major opportunity
for Magal S3 and further demonstrates our leadership in the security market
worldwide and specifically in Africa."
Eitan Livneh, President and CEO of Magal S3, commented: "We are proud to
have been chosen as the main contractor for implementing the security and
safety solution for this prestigious and globally recognized event. We will
leverage our experience in providing similar solutions to customers in more
than 80 countries in order to complete this demanding project within a tight
timetable."
About Magal S3:
Magal S3 is a leading international provider of security, safety and site
management solutions and products. Over the past 40 years, Magal S3 has
delivered tailor-made solutions to hundreds of satisfied customers in over 80
countries. Magal S3 offers a broad portfolio of unique products used to
protect sensitive installations in some of the world's most demanding
locations and harshest climates. This portfolio covers the following three
categories:
- Perimeter Intrusion Detection Systems (PIDS) - a variety of smart
barriers and fences, fence mounted detectors, virtual gates, buried and
concealed detection systems;
- Close Circuit TV (CCTV) - a comprehensive management platform with a
leading Intelligent Video Analytics (IVA) and Video Motion Detection (VMD)
engine;
- Physical Security Information Management (PSIM) - a site management
open system that enhances command, control and decision making during both
routine operations and crisis situations.
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.
For more information:
Magal S3 Eitan Livneh, CCG Investor AGMC MARCOM
CEO Relations SERVICES
Assistant: Kenny Green / Aviva Haleva
Ms. Elisheva Almog Ehud Helft E-mail: aviva@a-gmc.com
E-mail: E-mail: Tel: +972-77-200-4636
ElishevaA@magal-s3.com magal@ccgisrael.com Int'l dial:
Tel: +972(3)539-1444 Tel: +1-646-201-9246 +972-3-607-4717
Web: http://www.magal-s3.com
SOURCE Magal Security Systems Ltd
