YEHUD, Israel, Aug. 12, 2020 /PRNewswire/ -- Magal Security
Systems, Ltd. (Nasdaq: MAGS), a
leading international provider of comprehensive physical,
video and access control security products and solutions, as well
as critical site management, announced today
that its Senstar division has been chosen to provide
equipment to secure deployable
military assets used throughout the world.
Senstar will provide physical security, perimeter
detection, video surveillance, access control, public address and
associated command and control equipment. Senstar's perimeter
electronic security system will
augment existing security to provide
greater protection for the military equipment
and personnel. The contract has a total value of
$6.5 million, with final
acceptance expected in the second half of 2021.
Mr. Dror Sharon, Chief Executive
Officer of Magal, said, "This key contract award recognizes the
technological differentiation and the scope of
Senstar's offering for deployable security solutions.
The international RFP was very competitive, requiring
robust, modular equipment with technological
sophistication, capable of being mounted, connected, and dismounted
rapidly and easily integrated to meet multiple camp
layouts and personnel numbers. This win is an endorsement for
Senstar's technology, expertise, and customer support."
About Magal Security Systems, LTD.
Magal is a leading international provider of comprehensive
physical, video and access control security products and solutions,
as well as site management. Over the past 45 years, Magal has
delivered its products as well as tailor–made security solutions
and turnkey projects to hundreds of satisfied customers in over 80
countries – under some of the most challenging conditions. Magal
offers comprehensive integrated solutions for critical sites,
managed by Fortis4G – our 4th generation, cutting–edge physical
security information management system (PSIM). The solutions
leverage our broad portfolio of home–grown PIDS (Perimeter
Intrusion Detection Systems), Symphony – our advanced VMS (Video
Management Software) with native IVA (Intelligent Video Analytics)
security solutions.
Forward Looking Statements
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. In addition, and as mentioned in this
press release, there is uncertainty about the spread of the
Coronavirus and the impact it will have on the Company's
operations, the demand for Company's products, global supply chains
and economic activity in general.
For more information:
Magal Security
Systems Ltd.
Diane Hill, Assistant
to the CEO
+972-3-539-1421
dianeh@magal-s3.com
www.magalsecurity.com
|
IR
Contact:
Brett
Maas
Managing
Partner
Hayden
IR
+1
646-536-7331
Brett@HaydenIR.com
|
View original
content:http://www.prnewswire.com/news-releases/magal-security-systems-wins-6-5-million-contract-to-secure-military-assets-301111131.html
SOURCE Magal Security Systems Ltd