to Secure NATO’s Rapidly Deployable Military Camps
Yehud, Israel – November 28, 2016 – Magal Security Systems Ltd. (NASDAQ: MAGS) announced today that Senstar its North American subsidiary, successfully delivered to the North Atlantic Treaty Organization (NATO) , a perimeter electronic security systems (ESS) for its rapidly deployable military camps used throughout the world. The systems were shipped over the past few months and training on the systems will be completed in the first quarter of 2017.
NATO has complete military camps that can be rapidly deployed when and where they are needed. These camps serve as operations headquarters and house anywhere from a handful to hundreds of troops and support staff. The goal of the ESS is to augment existing security at the camps and provide greater protection for camp operations, equipment and personnel.
Commented Saar Koursh, CEO of Magal, “We are very pleased with our successful delivery of these important systems to NATO and we look forward to working closely with NATO personnel in the coming weeks as we train them on our systems. While we are primarily known for our world class perimeter intrusion detection products, we are also a leading provider of deployable security solution packages. The original NATO tender specifically looked for robust and high quality equipment, capable of being mounted, connected and dismounted rapidly and modular and flexible to meet multiple camp layouts and personnel numbers. NATO’s choice of us is a resounding endorsement for our best-in-class products and technology, expertise, manufacturing capability and processes.”
Concluded Mr. Koursh, “Particularly in North America, we see further future demand for our full security solutions for deployable military camps and we look forward to further growth in this business in the coming years.”
Magal is a leading international provider of solutions and products for physical and cyber security, as well as safety and site management. Over the past 45 years, Magal has delivered tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries – under some of the most challenging conditions.
Magal offers comprehensive integrated solutions for critical sites, managed by Fortis4G – our 4th generation, cutting-edge PSIM (Physical Security Information Management system). The solutions leverage our broad portfolio of homegrown PIDS (Perimeter Intrusion Detection Systems), advanced VMS with native IVA and Cyber Security solutions.
Forward Looking Statements
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown 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 Magal's reports filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 20-F, Current Reports on Form 6-K, the Registration Statement on Form F-1 and prospectus relating to the rights offering.
For more information:
|Magal Security Systems Ltd.
Saar Koursh, CEO
Tel: +972 3 539 1421
Assistant: Ms. Elisheva Almog
|GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1 646 688 3559