YEHUD, Israel, April 10, 2019 /PRNewswire/ -- Magal Security
Systems, Ltd. (NASDAQ: MAGS) announced today that it has been
awarded a $6.7 million, 34 month
contract, for the maintenance of border perimeter intrusion
detection systems. Under this contract, Magal will maintain
previously installed systems covering over 200 km of border.
Mr. Dror Sharon, CEO of
Magal, commented: "This contract is a demonstration of how our
systems are successfully protecting international borders and the
trust that this governmental customer has in our technologies and
service. Furthermore, this order is aligned with our long-term
strategy of increasing our ongoing recurring revenue, through the
provision of long-term maintenance contracts with our customers
globally."
About 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
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