Magal Security Systems Wins an Order to Protect an International Border Crossing in the United States
January 21 2009 - 8:24AM
PR Newswire (US)
YAHUD, Israel, January 21 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ GMS: MAGS; TASE: MAGS), today announced that
it has received, through its U.S.-based subsidiary, an order of
approximately $1 million to supply a security and protection system
for a major United States international border crossing. The order
is expected to be delivered during 2009. Protecting this particular
border crossing, which is used by many people and goods
transferring between the United States and the neighboring country,
will include an array of mobile and thermal cameras for border
perimeter protection, as well as a people tracking and inspection
matrix based on RFID technology, access and gate control, with
wireless information broadcast for personnel and vehicles, managed
by Magal's FORTIS command & control module. Izhar Dekel, CEO of
Magal said: "Given the U.S. Department of Homeland Security's
stringent demands and the highest standards required for the
protection of international borders, Magal's technology is
particularly suitable and has the strongest capabilities to provide
this solution. This project leverages Magal's ability and
experience in international border protection. We are adding a
leading customer reference to our testimonial list, and this order
increases our market share in border crossing protection in the
United States and worldwide." Mr. Dekel concluded, "We hope that
this new relationship will lead to follow-on installations at other
border crossings as well as additional orders within the U.S.
Homeland Security market segment." 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. The Company's products are currently
utilized in more than 70 countries worldwide for protection of
national borders, airports, correctional facilities, nuclear power
stations and other sensitive facilities against 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 shares are traded in the USA since 1993, on NASDAQ
Global Market, under the symbol MAGS and in Israel 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 Lian
Goldstein, CFO Tel: +972-3-5391444 Fax: +972-3-5366245 E-mail:
Investor Relations G.K. Investor Relations Ehud Helft/Kenny Green
Tel: +1-646-201-9246 E-mail: DATASOURCE: Magal Security Systems Ltd
CONTACT: Contacts: Company: Magal Security Systems, Ltd, Lian
Goldstein, CFO, Tel: +972-3-5391444, Fax: +972-3-5366245, E-mail: ;
Investor Relations, G.K. Investor Relations, Ehud Helft/Kenny
Green, Tel: +1-646-201-9246, E-mail:
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