Last updated on April 16, 2014 at 11:32 EDT

Magal Expands its Operations Into India Through the Establishment of a Joint Venture

April 2, 2012

YEHUD, Israel, April 2, 2012 /PRNewswire/ –

Magal Security Systems Ltd. (NASDAQ GMS: MAGS) announces today the formation of a
joint venture (JV) company with Veecon Group in India, which will provide Homeland
Security (HLS) products and solutions to the Indian market. The foundation for the
establishment of the JV between Magal and the Veecon Group was laid through the visionary
approach of representatives from both Magal and Veecon, specifically Mr. Dror Harari, VP
Sales, Magal and the support of Mr. Jacob Perry, Chairman, Magal and Mr. JK Srivastava,
Managing Director, Veecon Group.

Veecon Group is an established player in the Indian security market, focused on
scanning and indoor security. The JV will support Magal’s existing customer base in India
and will seek to capture new business from the many opportunities in this fast growing

“India’s sheer size and its homeland security challenges offer many opportunities for
Magal,” commented Mr. Eitan Livneh, President and CEO of Magal S3. “While we have been
successful in India in the past, winning strategic projects such as the Indira Gandhi
International Airport, we believe that a local presence is a key strategic step which will
enable us to further expand our business and provide better support for both our current
and future customers.”

Mr. JK Srivastava, MD of Veecon Group said: “I am delighted to extend my support for
the new opportunity. I am also thankful for the trust that Magal, the global leader in
providing security solutions, has in us. We shall be garnering and synergizing our energy,
goodwill and extend support for success.”

About Magal S3

Magal S3 is a leading international provider of security, safety and site management
solutions and products. Over the past 42 years, Magal S3 has delivered tailor-made
solutions and turnkey projects to hundreds of satisfied customers in over 80 countries in
some of the world’s most demanding locations.

Magal S3 offers the broadest portfolio of unique homegrown Perimeter Intrusion
Detection Systems (PIDS) as well as Fortis4G – a new generation of cutting edge Physical
Security Information Management system (PSIM) with comprehensive CCTV solutions and
leading Intelligent Video Analytics (IVA).

About Veecon Group

Veecon is a multi-facet group dealing in broad range of products and services that
caters to the sophisticated needs & are used in a substantial number of Industrial
sectors, Ports, Homeland Security, Paramilitary, Defence platforms, Civil Aviation Sector,
High End Security Equipment & Services, Music & Entertainment, Broadcasting and Energy
plants including the alternative energy sources.

This press release contains forward-looking statements, which are subject to 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 the Company’s Annual Report on Form 20-F
filed with the Securities and Exchange Commission.

        For more information:
        Magal S3
        Eitan Livneh, CEO
        Tel: +972-3-539-1421
        Assistant: Ms. Elisheva Almog
        E-mail: elishevaa@magal-s3.com


        CCG Investor Relations
        Ehud Helft/Kenny Green
        Tel: (US) +1-646-201-9246
        E-mail: magal@ccgisrael.com

SOURCE Magal Security Systems Ltd

Source: PR Newswire