Magal Security Lands Major Video Security Contracts

Company announces contracts of more than $13 million to protect sensitive sites in Africa, Europe


YAHUD, ISRAEL --Magal Security Systems Ltd., announced that it has signed two contracts totaling over US$13 million for supplying comprehensive security solutions at two sensitive sites, one based in Africa and the other in Europe. The installations will commence in the third quarter of 2005 and are expected to be completed before the end of 2006.

These projects incorporate few of Magal's products, including the recently introduced DreamBox, an All-in-One CCTV security solution, which integrates a number of CCTV related applications, into one box.

Jacob Even-Ezra, Chairman of Magal, stated: "We are pleased to win these particular contracts with clients based in Africa and Europe, demonstrating the global demand for our security solutions. We believe that we will receive additional follow-on orders for these particular projects. As the market becomes more educated with regard to the capabilities of DreamBox, we are seeing a growing interest for this product."