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Wednesday, March 29, 2017


Magal Receives Homeland Security Orders Totaling $8.4 M

Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced that it has received several orders in Israel for homeland security (HLS) infrastructure. The aggregate expected revenue from these orders are approximately US$8.4 million, of which one particularly large order makes up over half of this amount. The orders are from a number of existing customers for expansions, maintenance and support.

Saar Koursh, CEO of Magal S3, commented, "These orders are a strong sign of confidence by our customers in our execution abilities and the added value we are providing. These orders, as well as some additional others recently received, demonstrate a good start to 2016, enabling us start the year with a strong backlog."

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Source : Magal Security Systems, Ltd - view original press release

Published on ASDNews: Jan 5, 2016

 

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