Latest Magal Security Systems Ltd. Stories
YAHUD, Israel, July 13 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) today announced its consolidated financial results for the three and twelve months periods ended December 31, 2008. Management will hold an investors' conference call later today, at 10am ET Time, 5pm Israel time, to discuss the results. FOURTH QUARTER 2008 RESULTS Revenues for the fourth quarter of 2008 totaled US$29.9 million, an increase of 29.1% over the fourth...
YAHUD, Israel, June 30 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ: MAGS, TASE: MAGS) today announced that it intends to publish its fourth quarter 2008, as well as its audited annual financial results for 2008, on Monday, July 13, 2009. Management will hold an investors' conference call on the same day, at 10AM Eastern Time or 5PM Israel time, to discuss the results. In addition, management expects to publish the company's financial results for the six months...
YAHUD, Israel, June 29 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) announced today that during May 2009, it was awarded a total of approximately US$ 8.5 million in purchase orders to protect two airports and several nuclear power stations in South East Asia, to reconstruct a border in Israel and to extend an existing airport project in Eastern Europe. Most of the orders are expected to be completed during 2009. The first turnkey project is...
YAHUD, Israel, June 3 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS) today announced that Mr. Eitan Livneh has been appointed by the Board of Directors as President and CEO, commencing August 2, 2009. Mr. Livneh will replace Mr. Yoav Stern, who is working in the capacity of Acting President and CEO of Magal during the interim period following the departure of the Company's former CEO. Mr. Livneh joins Magal from Tadiran Telecom Ltd., a leading...
YAHUD, Israel, April 16 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that Mr. Hagai Katz has joined the Company as General Manager of the Magal Israel Division, and will be reporting directly to Yoav Stern, Acting President & CEO. Mr. Katz will also act as the Corporate VP of Marketing & Products. Prior to his appointment and from 2007, Mr. Katz served as the CEO of Transtech Airport Solutions Ltd. From 2004, Mr. Katz...
YAHUD, Israel, April 16 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. [NASDAQ: MAGS; TASE: MAGS] announced today the appointment of Mr. Zev Morgenstern as its new Chief Financial Officer. As of today Mr. Morgenstern will replace Ms. Lian Goldstein, who has advised the Company of her resignation for personal reasons. Mr. Morgenstern has over 20 years of experience in financial management. Prior to his appointment at Magal, Mr. Morgenstern served for 11 years as Chief...
YAHUD, Israel, March 13 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS:MAGS, TASE: MAGS) today announced that it expects to incur up to approximately $21.5 million in non-cash charges and reserves in its fourth quarter 2008 results, which will primarily reduce the value of certain non-tangible assets on its balance sheet. Among the expected charges is an approximate $4 million reduction in a deferred tax asset. Taking into account developments in global markets...
YAHUD, Israel, February 24 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) today announced, that further to its announcement of November 10, 2008 regarding the resignation of its CEO, that the date for the actual resignation of its CEO has been fixed for February 27, 2009. Mr. Yoav Stern will serve as an acting CEO until the Board of Directors appoints a permanent CEO. About Magal Security Systems Ltd.: Magal Security Systems Ltd....
YAHUD, Israel, February 17 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) announced today that although it had a signed agreement with a large Latin American municipality with respect to the installation of a municipal security command and control system, the project was cancelled. The cancellation was due to repetitive delays in the transfer of governmental funds. Mr. Izhar Dekel. CEO of Magal said: "We were disappointed to learn of this...
YAHUD, Israel, January 21 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GMS: MAGS; TASE: MAGS), today announced that it has received, through its U.S.-based subsidiary, an order of approximately $1 million to supply a security and protection system for a major United States international border crossing. The order is expected to be delivered during 2009. Protecting this particular border crossing, which is used by many people and goods transferring between the...
