Magal Receives $4.5 M in Homeland Security Orders

Magal S 3  (NASDAQ GMS: MAGS) announced today that it recently received $4.5 million in new orders for homeland security applications, the majority of which were from previous customers of Magal.

One of the orders is for a smart PIDS (Perimeter Intrusion Detection System) solution for a prison in Latin America. The rest of the orders, including one for a safe city solution, were for homeland security applications in Israel.

Eitan Livneh, President and CEO of Magal S 3 , commented: "I am encouraged that our customers continue to look toward Magal to address their diverse homeland security needs and order from us time and again. It is clear that our continuous commitment to achieving customers' satisfaction is a key factor in our continued success in obtaining follow-up orders."

Source: Magal S 3
Date: Sep 10, 2012