MAGAL AWARDED $9.8 MILLION IN CONTRACTS
FOR INTEGRATED SECURITY SOLUTIONS FOR SEAPORTS
YEHUD, Israel – July 18, 2017 -- Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today that it has recently received a total of $9.8 million in orders to provide integrated security solutions and maintenance for three major seaports in the EMEA region. One of the orders is for the Port of Huelva in Spain, the largest in the Spanish Seaport System, involving intrusion detection smart fences and advanced CCTV cameras.
Saar Koursh, CEO of Magal, commented: “We are proud of being selected to protect important infrastructure at a major Spanish port, as well as an important economic port on the African coast. Huelva joins the growing list of seaports globally that entrust their security to Magal, recognizing our specialised port offering and becoming a further reference for us in seaport security. We look forward to receiving further orders such as these in the future.”
Magal is a leading international provider of solutions and products for physical and video security solutions, as well as site management. Over the past 45 years, Magal has delivered its products as well as 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 home-grown PIDS (Perimeter Intrusion Detection Systems), advanced VMS (Video Management Software) with native IVA (Intelligent Video Analytics) 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
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1-646-688-3559