SYS-CON MEDIA Authors: Doug Masi, Mat Mathews, PR.com Newswire, David Smith, Tim Crawford

News Feed Item

Magal Receives $4 Million in New Contracts

YAHUD, Israel, August 27, 2014 /PRNewswire/ --

Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today that it recently received a number of new contracts, amounting to more than $4 million.

One of the contracts, amounting to almost $2 million, is for a dual technology smart fence (taut wire and vibration sensors) for a homeland security application in Israel.

Magal also received approximately $500,000 in orders for its latest fiber sensor technology to secure industrial sites and sea-ports in South-East Asia and the USA.

The balance of the orders were for a mix of products and projects including the expansion of a Ramat Ha'sharon safe city project in Israel and a smart robust grid to secure water canals in a nuclear power plant located in the Far-East.

Eitan Livneh, President and CEO of Magal S3, commented: "Following our strategic acquisition of long range fiber optic PIDS technology, we are definitely seeing strong traction for this technology. I am also encouraged by the ongoing receipt of follow-on orders from our existing customers."

About Magal S3

Magal S3 is a leading international provider of solutions and products for physical and cyber security, as well as safety and site management. Over the past 42 years, Magal S3 has delivered tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries - under some of the most challenging conditions.

Magal S3 offers comprehensive integrated solutions for critical sites, managed by Fortis4G - our 4th generation, cutting-edge Physical Security Information Management system (PSIM). The solutions leverage our broad portfolio of homegrown Perimeter Intrusion Detection Systems (PIDS), advanced outdoors CCTV / IVA technology and Cyber Security solutions.

For more information:
Magal S3
Eitan Livneh, President & CEO
Tel: +972-3-539-1421
Assistant: Ms. Elisheva Almog
E-mail: [email protected]
http://www.magal-s3.com

GK Investor Relations
Ehud Helft/Kenny Green
Tel: (US) +1-646-201-9246
Int'l dial: +972-3-607-4717
E-mail: [email protected]

SOURCE Magal Security Systems Ltd

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.