YAHUD, Israel , December 8 /PRNewswire-FirstCall/ -- Magal Security
Systems, Ltd. (NASDAQ: MAGS; TASE: MAGS), today announced that it recently
This turnkey project includes Magal's DTR-2000 Taut Wire Intrusion Detection System, combined with a Dual Technology Motion Sensor (Passive Infrared and Microwave), integrated by a Control Unit.
Mr. Izhar Dekel - CEO of Magal, said: "We have been active in Eastern Europe for a number of years and we believe that these orders confirm our reputation in this region and the satisfaction of our current customers with our security products and solutions. We see great potential in this emerging sensitive utility facilities market segment, which is now experiencing an increased demand for site protection and surveillance. Magal has the ability to combine various security systems into a turnkey project solution that best suits the challenging requirements of this market segment, and we expect that our market share will grow."
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. Magal also supplies video monitoring services through Smart Interactive Systems, Inc., a subsidiary in the U.S. 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. Israeli-based Magal has subsidiaries in the U.S., Canada , the U.K., Germany , Romania , Mexico and an office in China . Magal trades under the symbol MAGS in the U.S. on the NASDAQ Global Market since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001 .
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.
SOURCE Magal Security Systems Ltd