Magal Receives Orders for Approximately US$ 5 Million to Protect Dozens of Utility Sites in Eastern Europe
08 Diciembre 2008 - 6:00AM
PR Newswire (US)
YAHUD, Israel, December 8 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ:MAGS)(TASE:MAGS), today announced that it
recently signed approximately US$ 5 million of contracts, to supply
and install intrusion detection systems for dozens of utility
facilities located in Eastern Europe. The systems will be supplied
and installed during 2008 and 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. Izhar Dekel - CEO of
Magal, said: "We have been active in Eastern Europe for a number of
years and we believe that these orders confirm our 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., Canada, the U.K., Germany,
Romania, Mexico and an office in China. Magal trades under the
symbol MAGS in the U.S. on the NASDAQ Global Market since 1993 and
in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001.
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: Investor Relations G.K.
Investor Relations Ehud Helft/Kenny Green Tel: +1-866- 704 6710
E-mail: ; DATASOURCE: Magal Security Systems Ltd CONTACT: Contacts:
Company, Magal Security Systems, Ltd, Lian Goldstein, CFO, Tel:
+972-3-5391444, Fax: +972-3-5366245, E-mail: ; Investor Relations,
G.K. Investor Relations, Ehud Helft/Kenny Green, Tel: +1-866-704
6710, E-mail: ;
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