YAHUD, Israel, September 15, 2011 /PRNewswire/ --
Magal Security Systems Ltd. (NASDAQ GMS: MAGS; TASE: MAGS) today announced that following its announcement of August 31, 2011 that it was seeking the delisting of its shares from the Tel Aviv Stock Exchange (TASE), it was informed that such delisting will be effective as of December 1, 2011. As of such date all outstanding ordinary shares, including those currently traded on the TASE, will continue to trade on the NASDAQ Global Market.
About MagalS 3
MagalS 3 is a leading international provider of security, safety and site management solutions and products (NASDAQ: MAGS).Over the past 40 years, MagalS 3 has delivered tailor-made solutions to hundreds of satisfied customers in over 80 countries. MagalS 3 offers a broad portfolio of unique products used to protect sensitive installations in some of the world's most demanding locations and harshest climates. This portfolio covers the following three categories:
- Perimeter Intrusion Detection Systems (PIDS) - a variety of smart barriers and fences, fence mounted detectors, virtual gates, buried and concealed detection systems
- Close Circuit TV (CCTV) - a comprehensive management platform with a leading Intelligent Video Analysis (IVA) and Video Motion Detection (VMD) engine
- Physical Security Information Management (PSIM)- an open site management system that enhances command, control and decision making during both routine operations and crisis situations