-3x Short Magnificent 7 ... (BIT:MAGS)
Historical Stock Chart
From Jul 2019 to Jul 2024
YAHUD, Israel, September 10 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that one of its wholly-owned subsidiaries has received an order of over $8 million to install its Perimitrax buried cable intrusion detection system as part of a project to protect several public utility facilities in Western Asia. The Company will begin installations at the first site, in the fourth quarter of 2007.
Magal Group's Perimitrax - a Buried Cable Intrusion Detection System, is a covert perimeter intrusion detection sensor that generates an electromagnetic field around buried sensor cables. If an intruder comes into contact with the field, an alarm is declared.
"We are very pleased to announce this order for one of Magal's premier security solutions," commented Mr. Izhar Dekel, CEO of Magal. "This order, further attests to our leading position in the security area, while expanding and diversifying our geographic footprint into a new region."
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.
Magal trades under the symbol MAGS in the U.S. on the Nasdaq Global Market and in Israel on the Tel-Aviv Stock Exchange (TASE).
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: +972-3-5391-444
Fax: +972-3-5366-245
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: +972-3-5391-444, Fax: +972-3-5366-245, E-mail:
; Investor Relations, Gelbart Kahana Investor
Relations, Ehud Helft/Kenny Green, Tel: +1-866-704-6710, E-mail: