Magal Receives $4.2 Million in Repeat Orders
YAHUD, Israel, March 21, 2012 /PRNewswire/ –
Magal Security Systems, Ltd. (NASDAQ GM: MAGS) announced today that it has recently
received $4.2 million in repeat orders.
The first order, amounting to $2.9 million is for expanding the scope of the Mombasa
port project, an integrated security turnkey project for the Kenya Port Authority. The
expansion includes waterways protection, License Plate Recognition (LPR) at the port
entrance and an Optical Character Reader (OCR) based tracking system for containers flow
The second contract for $800K is for expanding the PIDS (Perimeter Intrusion Detection
System) of a European international airport; it includes the installation and
commissioning of several technologies: InnoFence decorative smart fence, fiber mesh system
as a solution for protecting the runway end without disturbing the sensitive ILS
instrumentation and a virtual fence based on IP CCTV with Video Motion Detection (VMD).
The balance of the orders are for HLS (Homeland Security) sites in Israel, for
customers that have previously ordered other solutions from Magal.
Eitan Livneh, President and CEO of Magal S3, commented: “We see clear trends to
complement our PIDS solutions with sophisticated technologies such as IVA (Intelligent
Video Analytics), LPR and OCR for security and site management. Our continuous commitment
to our customers’ satisfaction results in follow-up orders.”
About Magal S3
Magal S3 is a leading international provider of security, safety and site management
solutions and products.
Over the past 40 years, Magal S3 has delivered tailor-made solutions to hundreds of
satisfied customers in over 80 countries.
Magal S3 offers a broad portfolio of unique products used to protect sensitive
installations in some of the world’s most demanding locations and harshest climates. This
portfolio covers the following three categories:
- Perimeter Intrusion Detection Systems (PIDS) - a variety of smart barriers and fences, fence mounted detectors, virtual gates, buried and concealed detection systems - Close Circuit TV (CCTV) - a comprehensive management platform with a leading Intelligent Video Analysis (IVA) and Video Motion Detection (VMD) engine - Physical Security Information Management (PSIM) - an open site management system that enhances command, control and decision making during both routine operations and crisis situations
For more information: Magal S3 Eitan Livneh, CEO Tel: +972-3-539-1421 Assistant: Ms. Elisheva Almog E-mail: email@example.com http://www.magal-s3.com CCG Investor Relations Ehud Helft/Kenny Green Tel: (US) +1-646-201-9246 Int'l dial: +972-3-607-4717 E-mail: firstname.lastname@example.org
SOURCE Magal Security Systems Ltd