Magal Receives a Three Year Maintenance Contract for $7.8 Million
YAHUD, Israel, February 12, 2013
YAHUD, Israel, February 12, 2013 /PRNewswire/ --
Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced that it has
received a service order to maintain homeland security (HLS) infrastructure in
Israel. The contract is valued at US$ 7.8 million, which covers three years of
maintenance and support.
Eitan Livneh, President and CEO of Magal S^3, commented, "Long term
maintenance agreements such as this, enable us to better plan our resources
and improve efficiency. It also provides our customers with a high level of
confidence that their systems will remain in top condition and working order
throughout the life of the contract. This contract is a strong sign of
confidence in our technical skills and abilities from a domestic customer."
About Magal S^3
Magal S^3is a leading international provider of solutions and products for
physical and cyber security, safety and site management. Over the past 42
years, Magal S^3has 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 S^3offers comprehensive integrated solutions for critical sites,
managed byFortis^4Gour 4th generation cuttingedgePhysical Security
Information Managementsystem (PSIM). The solutions leverage our broadest
portfolio of unique homegrownPerimeter Intrusion Detection Systems
(PIDS),advanced outdoorsCCTV/IVAtechnology and holisticCyber
For more information:
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
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