Magal Announces Appointment of Hagai Katz as General Manager of its Magal Israel Division and Corporate VP Marketing & Products
16 Abril 2009 - 4:52AM
PR Newswire (US)
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 was the CEO of UK-based UAV
Tactical Systems Ltd. Prior to that, Mr. Katz served in a number of
leading technology companies, including Nice Systems (NASDAQ:NICE),
where he functioned in various senior positions including COO and
President of Nice Systems' Video Analytics Division. Mr. Katz holds
a B.A. degree in Computer Sciences from the Technion, the Israeli
Institute of Technology and an M.Sc. in Business Engineering from
the Ben-Gurion University of the Negev. Mr. Yoav Stern, the
Company's acting President and CEO, commented, "Hagai is an
important and valuable addition to Magal's team and we are very
pleased to welcome him. Hagai brings comprehensive knowledge in the
successful operation of global and growing mid-sized companies. In
particular, we look forward to leveraging his extensive experience
in the fields of Video Processing, Security and Command and Control
Systems. I wish him the very best of success in his new role."
About Magal Security Systems Ltd.: Magal S3i is a leading
international solutions provider of Safety, Security, Site
Management and Intelligence gathering and compilation. Based on 35
years of experience and interaction with customers, the company has
developed a unique set of solutions and products, optimized for
perimeter, outdoor and general security applications. Magal S3i's
turnkey solutions are typically integrated and managed by
sophisticated modular command and control software, supported by
expert systems for real-time decision support. The company's
portfolio of Critical Infrastructure Protection (CIP) and site
protection technologies includes a variety of smart barriers and
fences, fence mounted detectors, virtual gates, buried and
concealed detection systems and a sophisticated protection package
for sub-surface intrusion. A world innovator in the development of
CCTV, IVA and motion detection technology for outdoor operation,
Magal S3i has successfully installed customized solutions and
products in more than 75 countries worldwide. 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 : Yoav Stern
Assistant: Ms. Elisheva Almog E-mail: Tel: +972-3-539-1421 Cell:
+972-54-9255877 GK Investor Relations: Ehud Helft/Kenny Green
E-mail: Tel: (US) +1-646-201-9246 Int'l dial: +972-3-607-4717
DATASOURCE: Magal Security Systems Ltd CONTACT: Contacts: Magal
Security Systems Ltd : Yoav Stern, Assistant: Ms. Elisheva Almog,
E-mail: , Tel: +972-3-539-1421, Cell: +972-54-9255877. GK Investor
Relations: Ehud Helft/Kenny Green, E-mail: , Tel: (US)
+1-646-201-9246, Int'l dial: +972-3-607-4717.
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