Magal Announces a US$1.6 Million Order to Protect an International Airport in Europe
November 16 2006 - 4:41AM
PR Newswire (US)
YAHUD, Israel, November 16 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ:MAGS)(TASE:MAGS), today announced that it has
signed a follow-on US$1.6 million contract to protect an
international airport in Eastern Europe. The airport follow-on
order is a comprehensive turnkey project and is an extension of a
contract that Magal previously signed to protect this airport. The
system will include various types of security systems, such as
Magal's DTR-2000 Taut Wire Intrusion Detection System and its
InnoFence Decorative Intrusion Detection System. All these systems
are integrated by Fortis, Magal's Integrated Command & Control
System, which supports real-time decision making and wide-area
command and control. The project is expected to be completed by the
end of 2007. Mr. Izhar Dekel, CEO of Magal, stated: "We are pleased
that this major international airport customer sees the added-value
of our Fortis system for providing integrated command and control,
and brings us another key reference for this new product. The fact
that the customer continues to place follow-on orders for Magal's
products and systems for the second phase of the project, is
another testament to the reliability and efficiency of our systems,
which keep on bringing satisfied customers back to us." About Magal
Security Systems, Ltd.: Magal Security Systems Ltd. is engaged in
the development, manufacturing and marketing of computerized
security systems, which automatically detect, locate and identify
the nature of unauthorized intrusions. Magal also supplies video
monitoring services through Smart Interactive Systems, Inc., a
subsidiary in the U.S. 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.
Israel-based Magal has subsidiaries in the U.S., Canada, the U.K.,
Germany, Romania and Mexico and an office in China. Magal trades
under the symbol MAGS in the U.S. on the Nasdaq National Market
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 Raya Asher, CFO Tel:
+972-3-5391444 Fax: +972-3-5366245 E-mail: Investor Relations
Gelbart Kahana 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, Gelbart Kahana Investor Relations, Ehud
Helft/Kenny Green, Tel: +1-866-704-6710, E-mail: ,
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