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MAGS -3x Short Magnificent 7 Etp

10.78
0.00 (0.00%)
19 Jul 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% 10.78 11.274 11.638 0 16:35:17

Magal Announces a US$1.6 Million Order to Protect an International Airport in Europe

16/11/2006 9:41am

PR Newswire (US)


-3x Short Magnificent 7 ... (BIT:MAGS)
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YAHUD, Israel, November 16 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ:MAGS)(TASE:MAGS), today announced that it has signed a follow-on US$1.6 million contract to protect an international airport in Eastern Europe. The airport follow-on order is a comprehensive turnkey project and is an extension of a contract that Magal previously signed to protect this airport. The system will include various types of security systems, such as Magal's DTR-2000 Taut Wire Intrusion Detection System and its InnoFence Decorative Intrusion Detection System. All these systems are integrated by Fortis, Magal's Integrated Command & Control System, which supports real-time decision making and wide-area command and control. The project is expected to be completed by the end of 2007. Mr. Izhar Dekel, CEO of Magal, stated: "We are pleased that this major international airport customer sees the added-value of our Fortis system for providing integrated command and control, and brings us another key reference for this new product. The fact that the customer continues to place follow-on orders for Magal's products and systems for the second phase of the project, is another testament to the reliability and efficiency of our systems, which keep on bringing satisfied customers back to us." About Magal Security Systems, Ltd.: Magal Security Systems Ltd. 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. Israel-based Magal has subsidiaries in the U.S., Canada, the U.K., Germany, Romania and 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: Investor Relations Gelbart Kahana Investor Relations Ehud Helft/Kenny Green Tel: +1-866-704-6710 E-mail: DATASOURCE: Magal Security Systems Ltd CONTACT: Contacts: Company, Magal Security Systems, Ltd, Raya Asher, CFO, Tel: +972-3-5391444, Fax: +972-3-5366245, E-mail: . Investor Relations, Gelbart Kahana Investor Relations, Ehud Helft/Kenny Green, Tel: +1-866-704-6710, E-mail: ,

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