Magal Security Systems (NASDAQ:MAGS)
Historical Stock Chart
1 Year : From Feb 2019 to Feb 2020
YEHUD, Israel, June 18, 2019 /PRNewswire/ -- Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today that it has recently been awarded a $5.5 million contract for the supply of its advanced perimeter intrusion detection technology systems, which will be used to enhance security and prevent infiltration across an international border fence or wall. This award is a part of an existing project whereby Magal's systems will provide a unique solution as the technological heart of that project.
Mr. Dror Sharon, CEO of Magal, commented: "Magal is a world leader in perimeter intrusion technologies. Our growing wins of orders such as this - providing sensors for active international borders, is due to the decades of experience that we have in providing systems that have more than proven themselves in-the-field. As countries around the world increasingly prioritize securing their borders, and as they realize that the physical structure by itself without technology is not an adequate solution, we see this as a strong long-term growth engine for Magal."
Magal is a leading international provider of solutions and products for physical and cyber security, as well as safety and site management. Since 1969, Magal has delivered tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 100 countries – under some of the most challenging conditions.
For more information:
Magal Security Systems Ltd.
Dror Sharon, CEO
Tel: +972 3 539 1421
Assistant: Ms. Diane Hill
GK Investor Relations
Ehud Helft/Gavriel Frohwein
Tel: (US) +1-646-688-3559
View original content:http://www.prnewswire.com/news-releases/magal-awarded-a-5-5-contract-for-its-advanced-perimeter-intrusion-technologies-for-detecting-border-infiltration-300870238.html
SOURCE Magal Security Systems Ltd