YEHUD, Israel, April 26, 2018 /PRNewswire/ --
Magal Security Systems, Ltd. (NASDAQ: MAGS) announced that it has been awarded a $2.3 million contract for a perimeter and motion detection system. The system will be used to secure correctional facilities in North America and delivery is targeted to be completed in 2018.
Saar Koursh, CEO of Magal, commented: "2018 has started very well for Magal and this order further increases what is already the highest ever level of backlog in Magal's history. This customer chose our technology, particularly because of the performance of our intrusion detection technologies including Omnitrax, our covert outdoor perimeter intrusion detection sensor. More broadly, the very positive momentum we have seen in the past few months gives me confidence that Magal is now well positioned for growth and a strong 2018."
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 physical security information management system (PSIM). The solutions leverage our broad portfolio of home-grown PIDS (Perimeter Intrusion Detection Systems), Symphony - our 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 and Current Reports on Form 6-K.
For more information:
Magal Security Systems Ltd.
Diane Hill, Secretary to the CEO
E-mail: [email protected]
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1-646-688-3559
E-mail: [email protected]
SOURCE Magal Security Systems, Ltd.