Magal Security
Systems, Ltd. (NASDAQ GM: MAGS; TASE: MAGS), today announced that it recently
received a series of orders totaling approximately US$45 million for
a turnkey project to protect critical infrastructure facilities. The turnkey
project incorporates fence perimeter protection systems, access control systems
and CCTV products. Magal’s management expects to recognize income from
these orders over the next two years.
Mr. Izhar Dekel, CEO of Magal, commented, "We are very pleased to report these substantial orders, providing us with a great start to 2008. The orders are an important milestone in the implementation of our growth strategy, which emphasizes the provision of turnkey solutions as a major growth driver. The project, which is for the protection of critical infrastructure, demonstrates once again our ability and strong experience in protecting these types of sites.”
Magal Security
Systems Ltd.
Perimeter Intrusion Detection Systems
www.magal-ssl.com