Magal Receives an Order of Over $8 Million to Protect Public Utility Sites in Western Asia
September 10 2007 - 6:00AM
PR Newswire (US)
YAHUD, Israel, September 10 /PRNewswire-FirstCall/ -- Magal
Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today
announced that one of its wholly-owned subsidiaries has received an
order of over $8 million to install its Perimitrax buried cable
intrusion detection system as part of a project to protect several
public utility facilities in Western Asia. The Company will begin
installations at the first site, in the fourth quarter of 2007.
Magal Group's Perimitrax - a Buried Cable Intrusion Detection
System, is a covert perimeter intrusion detection sensor that
generates an electromagnetic field around buried sensor cables. If
an intruder comes into contact with the field, an alarm is
declared. "We are very pleased to announce this order for one of
Magal's premier security solutions," commented Mr. Izhar Dekel, CEO
of Magal. "This order, further attests to our leading position in
the security area, while expanding and diversifying our geographic
footprint into a new region." About Magal Security Systems, Ltd.:
Magal Security Systems Ltd. (Magal) 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. Magal trades
under the symbol MAGS in the U.S. on the Nasdaq Global Market and
in Israel on the Tel-Aviv Stock Exchange (TASE). 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: +972-3-5391-444 Fax: +972-3-5366-245 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: +972-3-5391-444, Fax:
+972-3-5366-245, E-mail: ; Investor Relations, Gelbart Kahana
Investor Relations, Ehud Helft/Kenny Green, Tel: +1-866-704-6710,
E-mail:
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