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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 Receives an Order of US$ 2.4 Million to Supply Security Systems for Correctional Facilitites in Mexico

09/01/2006 12:02pm

PR Newswire (US)


-3x Short Magnificent 7 ... (BIT:MAGS)
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YAHUD, Israel, January 9 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ NM:MAGS ; TASE:MAGS) today announced that its fully owned Mexican subsidiary, Senstar-Stellar Latin America, S.A de C.V., received an order for approximately US$2.4 million to supply intrusion detection systems and video surveillance equipment for correctional facilities in Mexico. The order, which includes the DreamBox, an all-in-one CCTV security solution which integrates a number of CCTV related applications into one box, is expected to be completed during the first half of 2006. Jacob Even-Ezra, Chairman and CEO of Magal Security Systems, said: "This order integrates a number of our different products, including the DreamBox, our all-in-one CCTV system. This is a relatively new product which has been gaining traction in the market due to its simplicity of installation, functionality, and cost effectiveness. This particular customer is actually a return customer of ours that selects us time and again due to our strong experience with intrusion detection systems in high security environments." 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 U.S.-based subsidiary. 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. Israeli-based Magal has subsidiaries in the U.S., Canada, the U.K., Germany, Romania, Mexico and an office in China. Magal trades under the symbol MAGS on the Nasdaq National Market since 1993 and 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 G.K. Investor Relations Ehud Helft/Kenny Green Tel: +1-866-704-6710 E-mail: DATASOURCE: Magal Security Systems Ltd. CONTACT: Magal Security Systems, Ltd, Raya Asher, CFO, Tel: +972-3-5391444, Fax: +972-3-5366245, E-mail: , Investor Relations, G.K. Investor Relations, Ehud Helft/Kenny Green, Tel: +1-866-704-6710, E-mail: ,

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