February 12, 2013
Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced that it has received a service order to maintain homeland security (HLS) infrastructure in
. The contract is valued at
US$ 7.8 million
, which covers three years of maintenance and support.
Eitan Livneh, President and CEO of Magal S
, commented, "Long term maintenance agreements such as this, enable us to better plan our resources and improve efficiency. It also provides our customers with a high level of confidence that their systems will remain in top condition and working order throughout the life of the contract. This contract is a strong sign of confidence in our technical skills and abilities from a domestic customer."
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.
offers comprehensive integrated solutions for critical sites, managed by
our 4th generation cutting
Physical Security Information Management
system (PSIM). The solutions leverage our broadest portfolio of unique homegrown
Perimeter Intrusion Detection Systems (PIDS),
technology and holistic
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