Magal Receives $3.5 M in Orders to Secure Critical Sites in Israel

Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today it has received contracts amounting $3.5 million to upgrade and extend the security systems of existing customers in Israel.

The largest order, from a prestigious customer, is to replace all its legacy physical security information management systems (PSIM systems), across all sites, with Magal's PSIM - the Fortis4G. The order also includes the modernization of the perimeter intrusion detection systems (PIDS) at two large sites and a five-year maintenance contract for all of Magal's installed products.

The rest of the orders cover expansions and maintenance for the perimeter systems of critical homeland security sites.

Eitan Livneh, President and CEO of Magal S3, commented: "We are especially honored by the first order, since the customer has chosen to standardize on Magal's Fortis4G PSIM platform across all of its sites, as well as at their headquarters. By moving from several different management systems to one distinct platform, it will be significantly easier to share data and resources, and to achieve a true hierarchical and holistic solution."

Source: Magal Security Systems Ltd
Date: Feb 19, 2015