January 28, 2013
Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced that upon his election as a Member of Knesset, the Israeli Parliament, Mr.
, has resigned from the office of Chairman of Magal; the effective date is subject to final resolution of the Board.
Eitan Livneh, President and CEO of Magal S
, commented: "Mr. Perry has served on our Board for more than ten years with five years as our Chairman. Over the past few years, I have worked very closely with Mr. Perry, who was determined to improve the company, bringing long-term stable growth and profitability. I, the whole Board, as well as the management and employees of Magal, would like to thank Mr. Perry for his strong support and guidance over the many years. We wish him every success in his new endeavor as a member of the Israeli Knesset."
About Magal S
is a leading international provider of solutions and products for physical and cyber security, safety and site management. Over the past 42 years, Magal S
has delivered tailor-made solutions and turnkey projects to hundreds of satisfied customers in over 80 countries in some of the world's most demanding locations.
Magal S3 offers holistic and integrated solutions for critical sites, managed by
- our 4
generation cutting edge
Physical Security Information Management
system (PSIM). The solutions leverage our broadest portfolio of unique homegrown
Perimeter Intrusion Detection Systems (PIDS),
technology and holistic
For more information:
Eitan Livneh, CEO
Tel: +972-3-539-1421 Assistant: Ms.
CCG Investor Relations
Ehud Helft/ Kenny Green
Tel: (US) +1-646-201-9246 Int'l dial: +972-3-607-4717 E-mail:
SOURCE Magal Security Systems Ltd