Magal Receives $8.2 M of New Orders

Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today that it recently received a number of new orders, amounting to $8.2 million.
The majority of the contracts are for expansions, changes and upgrades of existing homeland security installations in Israel.

The orders include $1.2 million of duress systems for US - based prisons. These types of systems are used in correctional facilities to provide a safe working environment for the prison staff. This order is part of a $5.2 million contract, which was announced by Magal earlier this year on Feb. 27th.

Also included among the orders is an upgrade to a very high security site in the US incorporating Magal’s latest volumetric buried PIDS (Perimeter Intrusion Detection System) technology.

Eitan Livneh, President and CEO of Magal S3, commented: “We are proud that our customers continue to choose to upgrade their existing installations with our newest technologies as well as bringing our solutions into their new sites. The buried cable upgrade is an excellent example of a customer that has upgraded the processing system to our latest version while continuing to use our robust sensors that were buried many years ago”.

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Source: Magal Security Systems Ltd
Date: Oct 7, 2014