Magal Wins Two Contracts for $2.5 Million to Secure Prisons in Latin America
Magal Security Systems Ltd. (NASDAQ: MAGS) today announced that it has won two contracts totaling $2.5 million to supply and install multi-layer Perimeter Intrusion Detection Systems (PIDS) in two new high security prisons in Latin America.
The multi layered solutions mostly include Magal's core products: fence mounted cable sensors, volumetric covert buried cable detection systems, microwaves systems, smart grids protecting water canals and several third party IR detectors. The contracts also include integration through Magal's proprietary control system and into a third party software system.
"With these orders we have already won contracts to protect four prisons in Latin America in 2012, representing strong performance and growing traction in this market," commented Mr. Eitan Livneh, President and CEO of Magal S3.
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