YAHUD,
Israel,
November 16 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ: MAGS; TASE: MAGS), today announced that it has signed
a follow-on US$1.6 million contract to protect an international airport in
Eastern
Europe.
The airport follow-on order is a comprehensive turnkey project and is an
extension of a contract that Magal previously signed to protect this airport.
The system will include various types of security systems, such as Magal's
DTR-2000 Taut Wire Intrusion Detection System and its InnoFence Decorative
Intrusion Detection System. All these systems are integrated by Fortis,
Magal's Integrated Command & Control System, which supports real-time
decision making and wide-area command and control.
The project is expected to be completed by the end of 2007.
Mr. Izhar Dekel, CEO of Magal, stated: "We are pleased that this major
international airport customer sees the added-value of our Fortis system for
providing integrated command and control, and brings us another key reference
for this new product. The fact that the customer continues to place follow-on
orders for Magal's products and systems for the second phase of the project,
is another testament to the reliability and efficiency of our systems, which
keep on bringing satisfied customers back to us."
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. 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. Israel-based Magal has subsidiaries in
the U.S., Canada, the U.K., Germany, Romania and Mexico and an office in
China.
Magal trades under the symbol MAGS in the U.S. on the Nasdaq National
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
Raya Asher, CFO
Tel: +972-3-5391444
Fax: +972-3-5366245
E-mail: magalssl@trendline.co.il
Investor Relations
Gelbart Kahana Investor Relations
Ehud Helft/Kenny Green
Tel: +1-866-704-6710
E-mail: Ehud@gk-biz.com
Kenny@gk-biz.com