Magal to Install $5.5 Million Perimeter Intrusion Detection System Along the Northern Border of Israel
2006年9月18日 - 7:00PM
PRニュース・ワイアー (英語)
YAHUD, Israel, September 18 /PRNewswire-FirstCall/ -- Magal
Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today
announced it has received an order of about US$ 5.5 million from
the Israeli Ministry of Defense (MOD) for installation of a
perimeter intrusion detection system along the northern border of
Israel. Most of the work will be executed before the end of 2006,
with the balance to be completed by the end of the first quarter of
2007. Izhar Dekel, CEO of Magal, said: "This order is part of the
reconstruction work that has begun along the northern border of
Israel. Securing the northern Israeli border has recently become
one of the Israeli Government's most important mandates. Magal,
whose systems are currently protecting the majority of Israel's
borders, is pleased to be a part of this important mission of
protecting the citizens of northern Israel." 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 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: 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, Raya Asher, 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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