YEHUD, Israel, January 23, 2012 /PRNewswire/ --
Magal Security Systems Ltd. (NASDAQ GMS: MAGS) today
announced that it has won a US$2.1
million contract to supply and install multi-layer Perimeter
Intrusion Detection Systems (PIDS) for two new high security
prisons in Latin America.
The multi layered solutions are mostly based on Magal's core
products: volumetric covert buried cable detection systems,
microwaves systems, fence mounted cable sensors and several third
party complementary products. The contract also includes
integration through Magal's proprietary control system and into a
third party software system.
"In 2011, we saw substantial revenue growth in Latin America over the previous year,"
commented Mr. Eitan Livneh,
President and CEO of Magal S3. "This new win is an
excellent start to what we expect will be another good year for
Magal in this strategic region."
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 and turnkey projects
to hundreds of satisfied customers in over 80 countries.
Magal S3 offers a broad portfolio of unique homegrown 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
- Command and Control systems - with
Fortis4G flagship - a new generation cutting edge
Physical Security Information Management system (PSIM) that
enhances command, control and dispatch, both during 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, CEO
Tel: +972-3-539-1421
Assistant: Ms. Elisheva Almog
E-mail: elishevaa@magal-s3.com
http://www.magal-s3.com
CCG Investor Relations
Ehud Helft/Kenny Green
Tel: (US) +1-646-201-9246
Int'l dial: +972-3-607-4717
E-mail: magal@ccgisrael.com
SOURCE Magal Security Systems Ltd