YEHUD, Israel, November 1, 2018 /PRNewswire/ --
Magal Security Systems, Ltd. (NASDAQ:
MAGS) announced that it has been awarded three orders from
customers in the Asia-Pacific
region, amounting to approximately $7.6
million.
The first order is for advanced camera systems for vehicles. The
second is to an existing customer for the delivery and integration
of a turnkey solution for a correctional facility security. The
order includes various perimeter and motion detection sensors
integrated through Fortis 4G - Magal's physical security
information management system, as well as Symphony - Magal's Video
Management Software (VMS) with native Intelligent Video Analytics
(IVA) security solutions. The third order is for the delivery of an
integrated security solution for the headquarters of a traffic
police force. This order includes the integration of Magal's Fortis
4G with home-grown, as well as, third parties' technology.
Dror Sharon, CEO of
Magal , commented: "The Asia-Pacific region is becoming an
increasingly important focus region for Magal and we are seeing
increased budgets as well as increased opportunities for growth.
Magal's many years of experience in its core markets, together with
our strengthening relationships in this region are bringing us new
orders and increased business."
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.
Dror Sharon, CEO
Tel: +972-3-539-1421
E-mail: dianeh@magal-s3.com
Web: http://www.magalsecurity.com
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1-646-688-3559
E-mail: magal@gkir.com
SOURCE Magal Security Systems, Ltd.