Magal Announces US$4.5 Million in Orders for Protection of Sensitive Installations YAHUD, Israel, October 25 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ:MAGS), (TASE:MAGS), today announced that two of its fully owned subsidiaries have recently received approximately US$4.5 million in orders for a number of projects for perimeter security systems that will be used to protect sensitive installations. The majority of these installations are situated in Mexico. The main portions of these projects are scheduled to be complete before year-end and the balance during the first half of 2005. One of these projects includes a new product: Magal's IntelliFiber. This recently launched product is a unique optical disturbance sensor for demanding, fence mounted security applications. The sensor is highly sensitive to intrusion, extremely versatile and can be applied to virtually any fence. The sensor cable consists of fiber cores for detection of intrusions only. The IntelliFiber system is developed and produced by Magal's fully owned subsidiary Senstar-Stellar Corporation based in Canada. Mr. Jacob Even-Ezra, Chairman of Magal, remarked: "Over the last year, our R&D team has done an excellent job in developing a variety of new security products, which has significantly expanded the markets we sell to and guarantees the future growth of our business. We are beginning to harvest the fruits of their hard work as we begin to sell these new products in an increasing number of projects." 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 established in the U.S. in June 2001. 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. Revenues for fiscal year 2003 were $59.4 million, with net income of $2.4 million. Magal shares have traded in the U.S. on the NASDAQ National Market since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001, both 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 Gelbart kahana Investor Relations Raya Asher, CFO Ehud Helft, Kenny Green Tel: +972-3-539-1444 US toll free: +1-866-704-6710 Fax: +972-3-5366245 International: +972-3-6074717 E-mail: DATASOURCE: Magal Security Systems Ltd. CONTACT: Magal Security Systems, Ltd, Raya Asher, CFO, Tel: +972-3-539-1444, Fax: +972-3-5366245 or Gelbart kahana Investor Relations, Ehud Helft, Kenny Green, US toll free: +1-866-704-6710, International: +972-3-6074717, E-mail: ,

Copyright