YEHUD, Israel, Feb. 19, 2019 /PRNewswire/ -- Magal Security
Systems, Ltd. (NASDAQ: MAGS) announced today that it has won
$4.2 million in contracts for the
supply of electro-optic systems for the Israeli Ministry of
Defense. The systems will be mounted and integrated on to various
military vehicles, providing full day and night observation
capability. Deliveries will be throughout this year and next.
Mr. Dror Sharon, CEO of
Magal, commented: "These contracts for vehicle observation
systems, as well as an earlier award for similar systems announced
in late 2018 demonstrate the trust the Israeli military has in our
capabilities. It further represents the initial fruits of success
following our acquisition of ESC-BAZ last year, which strongly
extended our technological capabilities in the observation and
surveillance market. We look forward to further expanding our sales
globally in this growing market."
About Magal
Magal is a leading international provider of solutions and
products for physical and cyber security, as well as safety and
site management. Over the past 50 years, Magal has delivered
tailor-made security solutions and turnkey projects to hundreds of
satisfied customers in over 80 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
E-mail:
dianeh@magal-s3.com
|
GK Investor
Relations
Ehud Helft/Gavriel
Frohwein
Tel: (US)
+1-646-688-3559
E-mail:
magal@gkir.com
|
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SOURCE Magal Security Systems Ltd