Magal Receives an Order of US$ 2.4 Million to Supply Security Systems for Correctional Facilitites in Mexico
January 09 2006 - 7:02AM
PR Newswire (US)
YAHUD, Israel, January 9 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ NM:MAGS ; TASE:MAGS) today announced that its
fully owned Mexican subsidiary, Senstar-Stellar Latin America, S.A
de C.V., received an order for approximately US$2.4 million to
supply intrusion detection systems and video surveillance equipment
for correctional facilities in Mexico. The order, which includes
the DreamBox, an all-in-one CCTV security solution which integrates
a number of CCTV related applications into one box, is expected to
be completed during the first half of 2006. Jacob Even-Ezra,
Chairman and CEO of Magal Security Systems, said: "This order
integrates a number of our different products, including the
DreamBox, our all-in-one CCTV system. This is a relatively new
product which has been gaining traction in the market due to its
simplicity of installation, functionality, and cost effectiveness.
This particular customer is actually a return customer of ours that
selects us time and again due to our strong experience with
intrusion detection systems in high security environments." 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 U.S.-based subsidiary. 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. Israeli-based Magal has subsidiaries in the U.S.,
Canada, the U.K., Germany, Romania, Mexico and an office in China.
Magal trades under the symbol MAGS on the Nasdaq National Market
since 1993 and 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 G.K.
Investor Relations Ehud Helft/Kenny Green Tel: +1-866-704-6710
E-mail: DATASOURCE: Magal Security Systems Ltd. CONTACT: Magal
Security Systems, Ltd, Raya Asher, CFO, Tel: +972-3-5391444, Fax:
+972-3-5366245, E-mail: , Investor Relations, G.K. Investor
Relations, Ehud Helft/Kenny Green, Tel: +1-866-704-6710, E-mail: ,
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