Magal Receives $4.4 Million in Orders for Securing Critical Sites
YAHUD, Israel, November 26, 2012
YAHUD, Israel, November 26, 2012 /PRNewswire/ --
Magal Security Systems, Ltd. (NASDAQ GM: MAGS) announced today that it has
recently received orders amounting to $4.4 million. Of these orders, $2
million originated in Latin America and are to secure the perimeters of
prisons and police stations. The remainder is to secure nuclear power-plants
in the Far-East and conventional power plants in Israel.
Eitan Livneh, President and CEO of Magal S^3, commented: "We see continued
investment in the securing of critical sites in the Far East and Latin
America, which balance the currently relative weaker markets in Europe and the
US. Most of the orders were achieved through long-term customer relationships
and our strong reputation in our addressable markets."
About Magal S^3
Magal S3 is a leading international provider of solutions and products for
physical and cyber security, safety and site management. 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 locations.
Magal S3 offers the broadest portfolio of unique homegrown Perimeter Intrusion
Detection Systems (PIDS), supported by unique CCTV / IVA technology and
holistic Cyber Security solutions; Fortis^4G - our 4^th generation
cutting-edge Physical Security Information Management system (PSIM) integrates
all elements into cohesive solutions.
For more information:
Eitan Livneh, CEO
Assistant: Ms. Elisheva Almog
CCG Investor Relations
Ehud Helft/Kenny Green
Tel: (US) +1-646-201-9246
Int'l dial: +972-3-607-4717
SOURCE Magal Security Systems Ltd
Press spacebar to pause and continue. Press esc to stop.