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Latest Magal Security Systems Ltd. Stories

2011-08-02 08:08:00

YAHUD, Israel, August 2, 2011 /PRNewswire/ -- Magal Security Systems, Ltd. (NASDAQ: MAGS, TASE: MAGS) today announced that it has successfully raised $16 million in a rights offering to its shareholders. Taking into account the over subscription rights, there was demand for 133% of the offered shares. Eitan Livneh, President and CEO of Magal S3, commented: "I am pleased that we have successfully completed the offering with broad participation by Magal's shareholders....

2011-06-13 08:22:00

YAHUD, Israel, June 13, 2011 /PRNewswire/ -- Magal Security Systems, Ltd. (NASDAQ: MAGS, TASE: MAGS) today announced that it received a US$5.6 million order to modify and extend an existing PIDS (Perimeter Intrusion Detection System) as a result of expansion at an Eastern European airport. The turnkey project includes services to remove old sections and commission and supply a new 10.5 kilometer section of Magal's leading taut wire product - DTR, which will be integrated...

2011-06-02 06:00:00

YAHUD, Israel, June 2, 2011 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ: MAGS, TASE: MAGS) today announced that it has signed a US$ 4.6 million contract to supply and install intrusion detection systems at 20 power facilities in an Eastern European country. Execution is planned over the next 18 months, the first 10 sites will be implemented immediately and the last 10 sites will be implemented at the customer's notice. The delivered turnkey solution is based on...

2011-04-12 06:30:00

YAHUD, Israel, April 12, 2011 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ:MAGS - News) today announced that on April 11, 2011 it filed its annual report containing audited consolidated financial statements for the year ended December 31, 2010 with the U.S. Securities and Exchange Commission. The annual report is available on the the Company's website (http://www.magal-s3.com). Shareholders may receive a hard copy of the annual report free of charge upon request....

2011-03-22 10:21:00

YAHUD, Israel, March 22, 2011 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ: MAGS, TASE: MAGS) received a contract from a research organization, associated with a large US gas utility, to enhance the capabilities of its PipeGuard(TM) system - a sophisticated system, developed by Magal, that warns and protects buried pipes and cables against excavations. The research organization has evaluated various technologies for mitigating and proactively alerting personnel when...

2011-03-02 17:09:00

YAHUD, Israel, March 2, 2011 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ: MAGS, TASE: MAGS) announced that it has withdrawn its registration statement covering its proposed rights offering that was filed with the U.S. Securities Exchange Commission and the Israeli Securities Authority due to technical difficulties in harmonizing the regulatory requirements in Israel and the U.S. The Company intends to raise the funds after the filing of its annual report on Form 20-F...


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