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MAGS -3x Short Magnificent 7 Etp

5.035
0.00 (0.00%)
19 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
-3x Short Magnificent 7 Etp BIT:MAGS Italy Exchange Traded Fund
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 5.035 0 00:00:00

Magal Announces Appointment of Hagai Katz as General Manager of its Magal Israel Division and Corporate VP Marketing & Products

16/04/2009 10:52am

PR Newswire (US)


-3x Short Magnificent 7 ... (BIT:MAGS)
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YAHUD, Israel, April 16 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that Mr. Hagai Katz has joined the Company as General Manager of the Magal Israel Division, and will be reporting directly to Yoav Stern, Acting President & CEO. Mr. Katz will also act as the Corporate VP of Marketing & Products. Prior to his appointment and from 2007, Mr. Katz served as the CEO of Transtech Airport Solutions Ltd. From 2004, Mr. Katz was the CEO of UK-based UAV Tactical Systems Ltd. Prior to that, Mr. Katz served in a number of leading technology companies, including Nice Systems (NASDAQ:NICE), where he functioned in various senior positions including COO and President of Nice Systems' Video Analytics Division. Mr. Katz holds a B.A. degree in Computer Sciences from the Technion, the Israeli Institute of Technology and an M.Sc. in Business Engineering from the Ben-Gurion University of the Negev. Mr. Yoav Stern, the Company's acting President and CEO, commented, "Hagai is an important and valuable addition to Magal's team and we are very pleased to welcome him. Hagai brings comprehensive knowledge in the successful operation of global and growing mid-sized companies. In particular, we look forward to leveraging his extensive experience in the fields of Video Processing, Security and Command and Control Systems. I wish him the very best of success in his new role." About Magal Security Systems Ltd.: Magal S3i is a leading international solutions provider of Safety, Security, Site Management and Intelligence gathering and compilation. Based on 35 years of experience and interaction with customers, the company has developed a unique set of solutions and products, optimized for perimeter, outdoor and general security applications. Magal S3i's turnkey solutions are typically integrated and managed by sophisticated modular command and control software, supported by expert systems for real-time decision support. The company's portfolio of Critical Infrastructure Protection (CIP) and site protection technologies includes a variety of smart barriers and fences, fence mounted detectors, virtual gates, buried and concealed detection systems and a sophisticated protection package for sub-surface intrusion. A world innovator in the development of CCTV, IVA and motion detection technology for outdoor operation, Magal S3i has successfully installed customized solutions and products in more than 75 countries worldwide. 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: Magal Security Systems Ltd : Yoav Stern Assistant: Ms. Elisheva Almog E-mail: Tel: +972-3-539-1421 Cell: +972-54-9255877 GK Investor Relations: Ehud Helft/Kenny Green E-mail: Tel: (US) +1-646-201-9246 Int'l dial: +972-3-607-4717 DATASOURCE: Magal Security Systems Ltd CONTACT: Contacts: Magal Security Systems Ltd : Yoav Stern, Assistant: Ms. Elisheva Almog, E-mail: , Tel: +972-3-539-1421, Cell: +972-54-9255877. GK Investor Relations: Ehud Helft/Kenny Green, E-mail: , Tel: (US) +1-646-201-9246, Int'l dial: +972-3-607-4717.

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