YEHUD, Israel, January 24, 2018 /PRNewswire/ --
Magal Security Systems, Ltd. (NASDAQ: MAGS) announced that since
the beginning of 2018, it has been awarded approximately
$20 million in contracts for
integrated security solutions, including a $16 million order for the protection of critical
energy infrastructures in the Americas. The vast majority of the
orders are expected to be delivered during 2018.
Saar Koursh, CEO of Magal,
commented: "Magal's many years of experience in perimeter
security as well as our integration capabilities have enabled us to
win increased business in this region. These new orders integrate a
number of our key perimeter intrusion detection technologies
including, Omnitrax, our buried cable sensor to detect underground
tunnelling, as well as Video Management Software and Intelligent
Video Analytics. These order wins represent a very solid start to
2018 and we look forward to a year of strong growth for Magal."
About Magal
Magal is a leading international provider of solutions and
products for physical and video security 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
Certain statements made herein that are not historical are
forward-looking within the meaning of the Private Securities
Litigation Reform Act of 1995. The words "estimate",
"project", "intend", "expect", "believe" and similar expressions
are intended to identify forward-looking statements. These
forward-looking statements involve known and unknown 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 Magal's reports
filed from time to time with the Securities and Exchange
Commission, including its Annual Report on Form 20-F and Current
Reports on Form 6-K.
For more information:
Magal Security Systems Ltd.
Saar Koursh, CEO
Tel: +972-3-539-1421
E-mail: elishevaa@magal-s3.com
Web: http://www.magal-s3.com
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1-646-688-3559
E-mail: magal@gkir.com
SOURCE Magal Security Systems, Ltd.