YEHUD, Israel, Oct. 7, 2019 /PRNewswire/ -- Magal
Security Systems, Ltd. (NASDAQ: MAGS) announced
that it has received approximately $8
million in orders from East
Africa over the past several months. A large portion of
these are recurring revenues related to the servicing of sensors
protecting the perimeter of a key seaport in the region for a
customer that Magal has worked with over many years. Delivery of
these orders has started and will continue over the coming few
quarters.
Mr. Dror Sharon, CEO of
Magal, commented: "We are proud of these significant orders in
the region, the large portion of which were recurring and with a
customer that continues to work with Magal over many years. This
demonstrates their satisfaction with the performance of our
products as well as the ongoing service that we provide.
Furthermore, Africa remains an
important and growing market for Magal, where security and the
protection of critical infrastructure is becoming ever more
important. We have identified seaport protection as a key growth
vertical for Magal in the coming years, and we are very pleased
with the recent improvement in our momentum in this segment."
About Magal
Magal is a leading international provider of solutions and
products for physical and cyber security, as well as safety and
site management. Since 1969, Magal has delivered tailor-made
security solutions and turnkey projects to hundreds of satisfied
customers in over 100 countries – under some of the most
challenging conditions.
For more information:
Magal Security
Systems Ltd.
Dror Sharon,
CEO
Tel: +972 3 539
1421
Assistant: Ms. Diane
Hill
E-mail:
dianeh@magal-s3.com
|
GK Investor &
Public Relations
Gavriel
Frohwein
Tel: (US)
+1-646-688-3559
E-mail:
magal@gkir.com
|
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SOURCE Magal Security Systems Ltd