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In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
Magal Receives an Additional $4.5 Million Order for the Perimeter Intrusion Detection System Along the Northern Border of Israel
Magal Receives an Additional $4.5 Million Order for the Perimeter Intrusion Detection System Along the Northern Border of Israel

YAHUD, Israel, November 21 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced it has received a follow-on order of approximately US$ 4.5 million from the Israeli Ministry of Defense (MOD) for the installation of a perimeter intrusion detection system along the northern border of Israel.

Most of the work will be executed before the end of 2006, with the balance to be completed by the end of the first quarter of 2007.

Izhar Dekel, CEO of Magal, said: "This order follows a US$5.5 million order we received from the Israeli MOD in September 2006 and continues the reconstruction work to improve the security along the northern border of Israel following the recent hostilities. Receiving a total of $10 million orders for our advanced systems, demonstrates the premium that the Israeli Government places on using our products, which are field-tested and have proven themselves on Israel's borders and in other sensitive installations worldwide. "

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 National 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.

Contacts: Company Magal Security Systems, Ltd Raya Asher, CFO Tel: +972-3-5391444 Fax: +972-3-5366245 E-mail: magalssl@trendline.co.il Investor Relations G.K. Investor Relations Ehud Helft/Kenny Green Tel: +1-866-704-6710 E-mail: Ehud@gk-biz.comKenny@gk-biz.com

Magal Security Systems Ltd

CONTACT: Contacts: Company, Magal Security Systems, Ltd, Raya Asher,
CFO, Tel: +972-3-5391444, Fax: +972-3-5366245, E-mail:
magalssl@trendline.co.il. Investor Relations, G.K. Investor Relations, Ehud
Helft/Kenny Green, Tel: +1-866-704-6710, E-mail: Ehud@gk-biz.com,
Kenny@gk-biz.com

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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