Magal Receives Orders for Approximately US$ 5 Million to Protect Dozens of Utility Sites in Eastern Europe
YAHUD,
Systems, Ltd. (NASDAQ: MAGS; TASE: MAGS), today announced that it recently
signed approximately
intrusion detection systems for dozens of utility facilities located in
2009.
This turnkey project includes Magal’s DTR-2000 Taut Wire Intrusion
Detection System, combined with a Dual Technology Motion Sensor (Passive
Infrared and Microwave), integrated by a Control Unit.
Mr.
Europe
reputation in this region and the satisfaction of our current customers with
our security products and solutions. We see great potential in this emerging
sensitive utility facilities market segment, which is now experiencing an
increased demand for site protection and surveillance. Magal has the ability
to combine various security systems into a turnkey project solution that best
suits the challenging requirements of this market segment, and we expect that
our market share will grow.”
About Magal Security Systems, Ltd.:
Magal Security Systems Ltd. (Magal) is engaged in the development,
manufacturing and marketing of computerized security systems, which
automatically detect, locate and identify the nature of unauthorized
intrusions. Magal also supplies video monitoring services through Smart
Interactive Systems, Inc., a subsidiary in the U.S. The Company’s products
are currently used in more than 70 countries worldwide to protect national
borders, airports, correctional facilities, nuclear power stations and other
sensitive facilities from terrorism, theft and other threats. Israeli-based
Magal has subsidiaries in the U.S.,
on the NASDAQ Global Market since 1993 and in
Exchange (TASE) since
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.
Contacts:
Company
Magal Security Systems, Ltd
Lian Goldstein, CFO
Tel: +972-3-5391444
Fax: +972-3-5366245
E-mail: lian@magal-ssl.com
Investor Relations
G.K. Investor Relations
Ehud Helft/Kenny Green
Tel: +1-866- 704 6710
E-mail: Ehud@gk-biz.com; Kenny@gk-biz.com
SOURCE Magal Security Systems Ltd
