Magal Receives a US$20 Million Order for the Installation of a Municipal Surveillance Security Solution in a Large Latin America
03 Septiembre 2008 - 4:07AM
PR Newswire (US)
YAHUD, Israel, September 3 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ GMS: MAGS) (TASE:MAGS) announced today that
its subsidiary Senstar-Stellar has received an order for the
installation of a municipal surveillance security solution in a
large city in Latin America, based on its FORTIS Command and
Control System. The majority of the approximately US$20 million
project will be completed during 2008. This FORTIS System to be
installed in this large Latin American city will integrate hundreds
of cameras, emergency call units, and intelligent video analysis
based on Magal's DreamBox, all connected to one unified command and
control center operated by several security personnel during each
shift. The FORTIS System, via a cellular network, will enable the
command and control center to monitor, control and dispatch
security alerts to approximately 150 patrol cars and fast-response
forces, some equipped with cameras for bi-directional video
transfer. The FORTIS System is based on an advanced technology that
includes a unique graphic control center and real-time live video
of the protected zones which are the subject of an alert. The
system enables the operator to promptly receive and dispatch live
video and alerts to and from security vehicles via wide range
wireless, consequently optimizing the operational response. The
FORTIS System will help protect this city from crime and acts of
terrorism and is expected to increase the sense of security of the
residents of the city. Mr. Izhar Dekel. CEO of Magal said, "This
breakthrough order in this market segment follows another major
installation of the FORTIS System in an Asian capital city, and
evidences the strategic potential that it represents for our
company for the future. The continuing international success of the
FORTIS System is a direct outcome of our substantial investment in
research and development, as well as marketing and sales over the
past few years. Our municipal security solution provides a leading
integrated system that meets the challenging security demands of
municipalities around the world. We believe that this market has
great untapped potential and we expect to receive orders for
projects of this type from other cities in the future." About Magal
Security Systems Ltd.: Magal Security Systems Ltd. is engaged in
the development, manufacturing and marketing of computerized
security systems, which automatically detect, locate and identify
the nature of unauthorized intrusions. 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. Magal's shares trade in the U.S. on the NASDAQ
Global Market and in Israel on the Tel-Aviv Stock Exchange under
the symbol MAGS. 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:
Magal Security Systems Ltd GK Investor Relations Lian Goldstein
Ehud Helft/Kenny Green Tel: +972-3-539-1444 Tel: (US)
+1-646-201-9246 Fax: +972-3-536-6245 Int'l dial: +972-3-607-4717
E-mail: E-mail: DATASOURCE: Magal Security Systems Ltd CONTACT:
Contacts: Magal Security Systems Ltd, Lian Goldstein, Tel:
+972-3-539-1444, Fax: +972-3-536-6245, E-mail:; GK Investor
Relations, Ehud Helft/Kenny Green, Tel: (US) +1-646-201-9246, Int'l
dial: +972-3-607-4717, E-mail:
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