Magal Security Systems Ltd. Announces the Resignation of Mr. Izhar Dekel, CEO

YAHUD, Israel, November 10  /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ:MAGS)(TASE:MAGS), today announced that its Board of Directors has accepted the resignation of Mr. Izhar Dekel, the Company's Chief Executive Officer, President and Director, who sought to be relieved from his positions after serving the company for 25 years, including 15 years as its president and the last two years also as its CEO. While the resignation from his positions as director and as president shall have immediate effect, Mr. Dekel has agreed to continue to serve as the Company's CEO for a transition period which shall end within six (6) months.

Commenting on the departure, Mr. J. Perry, the Chairman of the Board of Directors stated, "Izhar served Magal for 25 years, and became an integral part of the development and growth of this company. We thank Izhar for his outstanding loyalty, efforts and contribution, and I would like to join the rest of the Board in wishing him the best of success in his new endeavors. He will always remain part of the Magal family."

Mr. Izhar Dekel commented: "My feelings today, as I choose to take this step forward, are mixed with pride for what we have all achieved together in Magal, and a feeling of sorrow as I am leaving an outstanding team of professionals and loyal employees who have provided me with great support. Together we have built Magal to be a leading player in the security market with a strong foundation and a bright future."

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. 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.

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 ,
  Lian Goldstein, CFO,
  Tel: [phone],
  Fax: [phone],
  E-mail:  .

  Investor Relations:

  GK Investor Relations,
  Ehud Helft/Kenny Green,
  Tel: [phone],
  E-mail:  .


DATASOURCE: Magal Security Systems Ltd



CONTACT:  Contacts:, Company, Magal Security Systems, Ltd, Lian

Goldstein, CFO, Tel: [phone], Fax: [phone], E-mail:

; Investor Relations, GK Investor Relations, Ehud

Helft/Kenny Green, Tel: [phone], E-mail: 

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