Magal Receives a Three Year Maintenance Contract for $7.8 Million PR Newswire YAHUD, Israel, February 12, 2013 YAHUD, Israel, February 12, 2013 /PRNewswire/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced that it has received a service order to maintain homeland security (HLS) infrastructure in Israel. The contract is valued at US$ 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 Securitysolutions. For more information: MagalS^3 EitanLivneh,CEO Tel:+972-3-539-1421 Assistant:Ms.ElishevaAlmog E-mail:firstname.lastname@example.org http://www.magal-s3.com CCG Investor Relations Ehud Helft/Kenny Green Tel: (US) +1-646-201-9246 Int'l dial: +972-3-607-4717 E-mail: email@example.com SOURCE Magal Security Systems Ltd
Magal Receives a Three Year Maintenance Contract for $7.8 Million
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