Magal Awarded Over $5 Million in Orders for Security Solutions for Several Correctional Facilities in North America
YEHUD, Israel, September 18, 2017 /PRNewswire/ --
Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today that its North American subsidiaries have received several orders totalling in excess of $5 million to provide security solutions for correctional facilities in North America. The orders include the supply of advanced video solutions and perimeter detection smart solutions including the Omnitrax buried cable sensor. All the orders will be delivered within the coming 12 months.
Saar Koursh, CEO of Magal, commented: "We are proud of being selected as the provider of security solutions to correctional authorities in North America. We are also pleased to see a renewal of order flow from this key and strategic region for Magal. These orders from new, as well as existing customers, demonstrate trust in our security solutions as well as our ability to perform and deliver complex security solutions. We look forward to receiving further orders in this important and key strategic region for Magal in the future."
ABOUT MAGAL
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 a rights offering.
For more information:
Magal Security Systems Ltd.
Saar Koursh, CEO
Tel: +972-3-539-1421
E-mail: elishevaa@magal-s3.com
Web: http://www.magal-s3.com
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1-646-688-3559
E-mail: magal@gkir.com
SOURCE Magal Security Systems, Ltd.
