Magal Recently Awarded US$ 8.5 Million in Orders
June 29 2009 - 7:35AM
PR Newswire (US)
YAHUD, Israel, June 29 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) announced today that
during May 2009, it was awarded a total of approximately US$ 8.5
million in purchase orders to protect two airports and several
nuclear power stations in South East Asia, to reconstruct a border
in Israel and to extend an existing airport project in Eastern
Europe. Most of the orders are expected to be completed during
2009. The first turnkey project is the extension of an airport
Perimeter Intrusion Detection System (PIDS) in Eastern Europe for
US$ 1.6 million and it includes infrastructure, a Taut Wire barrier
as well as Command and Control System. The second project is the
reconstruction of a border protection solution in Israel for US$
4.6 million. The third order is for various nuclear power station
sites in South East Asia, and will incorporate a Volumetric
Intrusion Detection System for US$ 1.3 million. The fourth order is
for the protection of two airports in South East Asia, which will
incorporate a variety of intrusion detection solutions including
Taut Wire and Vibration Sensors for US$ 1.0 million. Yoav Stern,
Acting President & CEO, commented: "Magal is in the midst of a
transition. While we still believe there are some challenging times
ahead, these latest additions to our backlog of signed orders and
contracts, is actually making it one of the largest in our
company's history. This represents a ray of optimism and confidence
that an improvement is to be expected in the not too distant
future." About Magal Security Systems Ltd.: Magal S3i is a leading
international solution provider, in the business of Security,
Safety, Site Management and Intelligence analysis. 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 a single
sophisticated modular command and control software, supported by
expert systems for real-time decision support. Magal S3i's broad
portfolio of critical infrastructure and site protection management
technologies includes a variety of smart barriers and fences, fence
mounted detectors, virtual gates, buried and concealed detection
systems as well as 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. For more information: Magal Security Systems Ltd. Yoav
Stern, Acting President & CEO Tel: +972-3-539-1421 Cell:
+972-54-311-3110 Assistant: Ms. Elisheva Almog E-mail: Web:
http://www.magal-ssl.com/ 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: Magal Security
Systems Ltd. Yoav Stern, Acting President & CEO, Tel:
+972-3-539-1421, Cell: +972-54-311-3110, Assistant: Ms. Elisheva
Almog, 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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