Last $4.97 USD
Change Today -0.10 / -1.97%
Volume 14.8K
MAGS On Other Exchanges
As of 8:10 PM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

magal security sys ltd (MAGS) Snapshot

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11/20/14 - $6.18
52 Week Low
07/16/14 - $3.37
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magal security sys ltd (MAGS) Details

Magal Security Systems Ltd. develops, manufactures, and sells safety, security, site management, and intelligence gathering and compilation solutions and products worldwide. It operates through: Perimeter Products, Turnkey Projects, and Cyber segments. The company offers perimeter security systems that enable customers to monitor, limit, and control access by unauthorized personnel to specific regions or areas. Its perimeter security systems include hybrid perimeter intrusion detection systems with physical barrier; fence mounted vibration detection systems; detection grids, gates, and fences to protect water passages, VIP residences, and other outdoor applications; and buried cable sensors, electrical field disturbance sensors, and microwave sensors. The company also provides RoboGuard, a robot that runs on an elevated rail along the perimeter of protected sites or border lines; and CCTV systems comprising MTC- 1500I, an outdoor surveillance system, as well as MSS- 1500I, a dual camera system for outdoor rapid deployment operations. In addition, it offers Fortis4G, a forth generation command and control system; StarNet 1000, a security management system; and Network Manager, a middleware package, as well as life safety/duress alarm products to protect personnel in prisons. Further, the company offers hardware and software products in the field of cyber security for monitoring, securing, and the active management of wired, wireless, and fiber optic communication networks; and installation, support, and maintenance services. Its products are used to protect national borders, military bases, power plants, airports, seaports, prisons, industrial sites, oil and gas facilities, Olympic villages and stadiums, and municipalities from intrusion, crime, sabotage, or vandalism. The company sells its products through system integrators and distribution channels. Magal Security Systems Ltd. was founded in 1969 and is based in Yehud, Israel.

309 Employees
Last Reported Date: 03/27/14
Founded in 1969

magal security sys ltd (MAGS) Top Compensated Officers

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Executives, Board Directors

magal security sys ltd (MAGS) Key Developments

Magal Security Systems, Ltd. Receives $3.5 Million in Orders to Secure Critical Sites in Israel

Magal Security Systems Ltd. announced it has received contracts amounting $3.5 million to upgrade and extend the security systems of existing customers in Israel. The order, from a customer, is to replace all its legacy physical security information management systems (PSIM systems), across all sites, with Magal's PSIM - the Fortis4G. The order also includes the modernization of the perimeter intrusion detection systems (PIDS) at two large sites and a five-year maintenance contract for all of Magal's installed products. The rest of the orders cover expansions and maintenance for the perimeter systems of critical homeland security sites.

Magal Security Systems Ltd. Announces Management Changes

Magal Security Systems Ltd. announced that Mr. Saar Koursh has been appointed as CEO; Mr. Koursh will replace Mr. Eitan Livneh, that has been leading Magal since 2009. Mr. Koursh is expected to replace Mr. Livneh within the next two months, following a transition period. Mr. Koursh joins Magal following a successful career of more than twelve years in Elbit Systems Ltd. During the last two years Mr. Koursh has been the Vice President responsible for the Brazil Business Unit, as well as a member of the Aerospace Division's Executive Management and a member of the Board of Directors of AEL Sistemas, Elbit's subsidiary in Brazil. Prior to that, Mr. Koursh served as the VP for Programs & Business Development in AEL Sistemas and several other positions in Elbit as director and program manager, and finance and commercial manager.

Magal Security Systems Ltd. Appoints Moshe Tsabari to its Board of Directors

Magal Security Systems Ltd. advised that an extraordinary general meeting of the company was held on December 16, 2014. The shareholders approved the election of Moshe Tsabari as an external director for a three year term commencing at the date of the Meeting and expiring on December 15, 2017. Upon his election, Mr. Tsabari became a member of the Company's Audit Committee and Compensation Committee.


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