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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 Security Systems Receives Orders From New International Customers

26/02/2007 12:32pm

PR Newswire (US)


-3x Short Magnificent 7 ... (BIT:MAGS)
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Receives $3.2 Million of New Orders YAHUD, Israel, February 26 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that it recently received two new orders amounting to US$3.2 million. The orders are both from new international customers. The first order is to supply security equipment for Oil facilities and includes the taut wire intrusion detection system and the MagNet integrated command & control system. The second order is for a European border and includes wireless distributed sensors controlled by the MagNet data acquisition and integrated command & control system. Both orders are due to be completed in 2007. Mr. Izhar Dekel, CEO of Magal, said: "These contracts with new customers in new geographic markets for our company, further validate our strong standing in the high-end security space and the success of our long-term marketing efforts. We continue to see the substantial potential of our diverse product offerings in meeting the evolving security needs in new global markets, as well as the potential opportunity of further enhancing the solutions sold to these new customers. We look forward to announcing additional orders in 2007 as we continue to increase our geographic footprint and customer base." 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. 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 in the U.S. on the NASDAQ Global 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 G.K. 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, G.K. Investor Relations, Ehud Helft/Kenny Green, Tel: +1-866- 704 6710, E-mail: ,

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