Magal Receives an Order to Install A Municipal Command & Control System in an Asian Capital
2008年7月21日 - 7:00PM
PRニュース・ワイアー (英語)
YAHUD, Israel, July 21 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ GMS: MAGS, TASE:MAGS) announced today that it
has received an order for the installation of a municipal security
command and control system in a capital city in Asia, based on its
FORTIS System. The first stage of this order which is expected to
be completed by the end of August 2008 is approximately US$
650,000. Following completion of the initial stage, management
expects the project to be expanded, and the total sum of the whole
project is expected to reach approximately US$ 3 million. This
order was received following the customer's review of the FORTIS
System's performance in a number of major Israeli cities and local
municipalities, which systems have been operational since July
2005. The FORTIS System will integrate the command and control of
the security systems in this Asian capital city, while protecting
public areas, parks and educational facilities from acts of
vandalism, burglary and sabotage, and increasing the sense of
security for the residents in the city. The FORTIS System is based
on an advanced technology that includes dozens of sophisticated
cameras, unique graphic control-centers, and real-time live video
of the protected perimeter zones under 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. Mr. Izhar Dekel.
CEO of Magal said, "This order reinforces Magal's strengths and
capabilities as a leading provider of municipal security solutions.
Our recent strategy has been to expand our sales efforts for the
FORTIS System outside of Israel, and this order marks a significant
milestone. We are currently negotiating additional international
projects, and this win provides us with a new international
reference." 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.
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 (TASE) 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 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: 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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