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MAGS -3x Short Magnificent 7 Etp

5.546
0.013 (0.23%)
20 Dec 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
  0.013 0.23% 5.546 5.333 6.30 6.05 5.532 5.762 2,744 16:35:28

Magal Security Systems Wins an Order to Protect an International Border Crossing in the United States

21/01/2009 1:24pm

PR Newswire (US)


-3x Short Magnificent 7 ... (BIT:MAGS)
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YAHUD, Israel, January 21 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ GMS: MAGS; TASE: MAGS), today announced that it has received, through its U.S.-based subsidiary, an order of approximately $1 million to supply a security and protection system for a major United States international border crossing. The order is expected to be delivered during 2009. Protecting this particular border crossing, which is used by many people and goods transferring between the United States and the neighboring country, will include an array of mobile and thermal cameras for border perimeter protection, as well as a people tracking and inspection matrix based on RFID technology, access and gate control, with wireless information broadcast for personnel and vehicles, managed by Magal's FORTIS command & control module. Izhar Dekel, CEO of Magal said: "Given the U.S. Department of Homeland Security's stringent demands and the highest standards required for the protection of international borders, Magal's technology is particularly suitable and has the strongest capabilities to provide this solution. This project leverages Magal's ability and experience in international border protection. We are adding a leading customer reference to our testimonial list, and this order increases our market share in border crossing protection in the United States and worldwide." Mr. Dekel concluded, "We hope that this new relationship will lead to follow-on installations at other border crossings as well as additional orders within the U.S. Homeland Security market segment." 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 utilized in more than 70 countries worldwide for protection of national borders, airports, correctional facilities, nuclear power stations and other sensitive facilities against 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 shares are traded in the USA since 1993, on NASDAQ Global Market, under the symbol MAGS 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 Lian Goldstein, CFO Tel: +972-3-5391444 Fax: +972-3-5366245 E-mail: Investor Relations G.K. Investor Relations Ehud Helft/Kenny Green Tel: +1-646-201-9246 E-mail: DATASOURCE: Magal Security Systems Ltd CONTACT: Contacts: Company: Magal Security Systems, Ltd, Lian Goldstein, CFO, Tel: +972-3-5391444, Fax: +972-3-5366245, E-mail: ; Investor Relations, G.K. Investor Relations, Ehud Helft/Kenny Green, Tel: +1-646-201-9246, E-mail:

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