Magal Receives US$ 1.5 Million in Orders to Install Municipal Command & Control Systems in Israeli Cities
11 Juin 2008 - 11:38AM
PR Newswire (US)
YAHUD, Israel, June 11 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ NMS:MAGS, TASE:MAGS) today announced that it
has signed contracts for the installation of municipal command and
control systems in several Israeli cities, including Netanya and
Bat Yam, based on its FORTIS system that was modified for this
purpose. In addition, Magal received another order for installation
of a Fortis system that will be used to protect water reservoirs in
Ramat Gan. The total amount of these orders is approximately US$
1.5 million, to be completed by the end of 2008. The modified
FORTIS system will integrate command and control of the entire
security infrastructure of the cities, protecting the citizens,
their public areas, parks, educational and industrial facilities,
and water reservoirs from acts of vandalism, burglary and sabotage,
while at the same time, increasing the sense of security of the
residents in those communities. Using advanced technology,
including dozens of smart cameras, the modified FORTIS system
provides the control-centers of these municipalities with a unique
graphical command tool, which updates the location and live video
feed of the areas under alert, while enabling operators to quickly
dispatch and monitor security personnel with real-time updates,
thus optimizing the operational response. Mr. Izhar Dekel. CEO of
Magal said, "Netanya and Bat Yam join the long list of Israeli
cities and local municipalities that are already using the FORTIS
system to protect their surroundings and citizens. Since July 2005,
when we received the first order for a municipal installation of
the FORTIS system in Rosh Ha'ayin, we have received numerous
additional orders for municipal installations in other major
Israeli cities including Haifa." Mr. Dekel added: "Our system has
now gained significant traction in Israel, and while we look
forward to expanding to additional Israeli cities and increasing
the scope of existing projects, we are aiming to increase our
penetration outside of Israel. In that regard, we are competing for
projects in major cities in Europe and elsewhere." About Magal
Security Systems Ltd.: Magal Security Systems Ltd. (Magal) is
engaged in the development, manufacturing and marketing of
computerized security systems, which automatically detect, locate
and identify the nature of unauthorized intrusions. The Company's
products are currently used in more than 70 countries worldwide to
protect national borders, airports, correctional facilities,
nuclear power stations and other sensitive facilities from
terrorism, theft and other threats. Magal's shares trade in the
U.S. on the NASDAQ Global Market and in Israel on the Tel-Aviv
Stock Exchange (TASE) under the symbol MAGS. 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
Commission. Contacts: Magal Security Systems Ltd Lian Goldstein
Tel: +972-3-539-1444 Fax: +972-3-536-6245 E-mail: GK Investor
Relations Ehud Helft/Kenny Green Tel: (US) +1-646-201-9246 Int'l
dial: +972-3-607-4717 E-mail: DATASOURCE: Magal Security Systems
Ltd CONTACT: Contacts: Magal Security Systems Ltd, Lian Goldstein,
Tel: +972-3-539-1444, Fax: +972-3-536-6245, E-mail: . GK Investor
Relations, Ehud Helft/Kenny Green, Tel: (US) +1-646-201-9246, Int'l
dial: +972-3-607-4717, E-mail:
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