Magal Launches DreamBox - a New All-in-One CCTV Security Solution
March 30 2004 - 7:05AM
PR Newswire (US)
Magal Launches DreamBox - a New All-in-One CCTV Security Solution
YAHUD, Israel, March 30 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ NM: MAGS; TASE: MAGS) today announced the
launch of the DreamBox - a new All-in-One CCTV security solution.
The DreamBox is a state-of-the-art embedded hardware and software
product, which integrates a number of CCTV related applications,
into one box. The system is designed to be economical, as well as
compact to save space, whilst avoiding the use of a complicated
cable installation and network protocols integration. DreamBox
contains twelve different applications, including Digital Video and
Audio Recording, Video & Audio Matrix Switcher, Outdoor and
Indoor Video Motion Detection System (VMD), Security Management
System (SMS) and Transmission system. The DreamBox is substantially
lower in price than the cost of the other products' applications
combined, a factor, which positions DreamBox as the ultimate
security solution for all strategic facilities. Its target markets
include governmental, institutional and other sensitive facilities,
such as airports, train stations, seaports, prisons, casinos and
hospitals, all of which require the use of high quality CCTV
applications. Mr. Jacob Even-Ezra, Chairman of Magal said: "Magal
identified the huge potential of the fast growing digital CCTV
market and developed the DreamBox, which is a break-through in this
area, by providing a unique "All- in-One" solution. By developing
this product, Magal is entering a new area of activity. We refer to
the DreamBox's target market as an `add-on' market for Magal and
believe that this product is substantially broadening the Company's
target markets. As an example, we are entering the field of Digital
Video Recording, which is only one of the DreamBox's applications
out of many." Mr. Even-Ezra, added:" Seeing the potential of the
DreamBox, Magal has decided to establish a special division for
this product and open a separate office in the USA for marketing
and support of the DreamBox". Mr. Even-Ezra concluded: "DreamBox
joins two other new products that Magal has recently launched.
These are the FORTIS Integrated Command and Control System and the
PIPEGUARD- a buried assets security system, which altogether
significantly widens the spectrum of security solutions we offer
and substantially broadens the potential security markets of
Magal." DreamBox will be presented for the first time at the ISC
West 2004 Expo, which will take place at the Sands Convention
Center in Las Vegas, Nevada, on March 31 until April 2, 2004. 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 established in the US in June 2001. 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 US, Canada,the UK, Germany, Mexico, Romania and
an office in China. Revenues for fiscal year 2003 were US$59.4
million, with net income of US$2.4 million. Magal trades in the US
on the NASDAQ National Market since 1993 and in Israel on the
Tel-Aviv Stock Exchange (TASE) since July 2001, in both under the
symbol MAGS. 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 Report on Form 8-K filed
with the Securities and Exchange Commission. Contacts: Magal
Security Systems, Ltd Raya Asher, CFO Tel: +972-3-539-1444 Fax:
+972-3-536-6245 E-mail: Gal IR International Ehud Helft/Kenny Green
Tel: +1-866-704-6710 Int'l dial: +972-3-607-4717 E-mail:
DATASOURCE: Magal Security Systems Ltd. CONTACT: Contacts: Magal
Security Systems, Ltd Raya Asher, CFO Tel: +972-3-539-1444 Fax:
+972-3-536-6245 E-mail: , Gal IR International Ehud Helft/Kenny
Green Tel: +1-866-704-6710 Int'l dial: +972-3-607-4717 E-mail:
Copyright