Market Overview

Magel Receives $8.2M In New Orders

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Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today that it recently
received a number of new orders, amounting to $8.2 million.

The majority of the contracts are for expansions, changes and upgrades of
existing homeland security installations in Israel.

The orders include $1.2 million of duress systems for US-based prisons. These
types of systems are used in correctional facilities to provide a safe working
environment for the prison staff. This order is part of a $5.2
million contract, which was announced by Magal earlier this year on Feb.
27^th.

Also included among the orders is an upgrade to a very high security site in
the US incorporating Magal's latest volumetric buried PIDS (Perimeter
Intrusion Detection System) technology.

Eitan Livneh, President and CEO of Magal S^3, commented: "We are proud that
our customers continue to choose to upgrade their existing installations with
our newest technologies as well as bringing our solutions into their new
sites. The buried cable upgrade is an excellent example of a customer that has
upgraded the processing system to our latest version while continuing to use
our robust sensors that were buried many years ago."

Posted-In: News Contracts Press Releases

 

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