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