Magal Expands its Activity Into Cyber Security
YEHUD, Israel, November 6, 2012
YEHUD, Israel, November 6, 2012 /PRNewswire/ --
Magal Security Systems Ltd. (NASDAQ GMS: MAGS) today announced that it has
expanded its business proposition and will start delivering cyber protection
solutions to its existing and new customers.
Magal's new solutions will monitor, detect and protect against abnormal
network activity, both landline and wireless, within and close to protected
sites. Magal is teaming with third party technology companies to deliver
turnkey cyber security solutions for critical sites, and will offer an
integrated suite of solutions for both the physical and networked world.
As a first step, Magal will deliver cyber protection for the actual security
network, which may itself be exposed to cyber attacks. Magal will subsequently
provide a full umbrella for critical sites, covering the core production
systems, infrastructure and information systems.
Eitan Livneh, President and CEO of Magal S^3, commented: "The traditional
physical threats to sensitive sites are now exacerbated by cyber threats,
which have the potential to jeopardize the mission of our customers. Unlike
the physical space, deterrence barely exists in cyberspace, and therefore in
this cyber decade, seaports, airports, power utilities, cities and in fact,
any business cannot be left protected with only physical security."
Continued Mr. Livneh, "With 42 years of proven security experience, we are now
launching a new paradigm of integrated physical and cyber security, managed
through a unified Security Operation Center (SOC) by Fortis^4G - our latest
command and control system. We can now deliver turnkey solutions, based on our
partners' products as well as third party technologies. We will also provide
full technical services, including threat analysis, overall design,
implementation and ongoing upgrades."
About Magal S^3
Magal S3 is a leading international provider of security, safety and site
management solutions and products. Over the past 42 years, Magal S3 has
delivered tailor-made solutions and turnkey projects to hundreds of satisfied
customers in over 80 countries in some of the world's most demanding
Magal S3 offers the broadest portfolio of unique homegrown Perimeter Intrusion
Detection Systems (PIDS) as well asFortis^4G - a new generation of cutting
edge Physical Security Information Management system (PSIM) with comprehensive
CCTV solutions and leading Intelligent Video Analytics (IVA).
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
For more information:
Eitan Livneh, CEO
Assistant: Ms. Elisheva Almog
CCG Investor Relations
Ehud Helft/Kenny Green
Tel: (US) +1-646-201-9246
SOURCE Magal Security Systems Ltd
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