The robot, called the RoboGuard, travels on a monorail while constantly patrolling a secured perimeter. The RoboGuard can conduct regular inspections of a fence line to maintain the integrity of a perimeter, according to Magal Security Systems.
A complete RoboGuard system includes several autonomous robots that each cover up to 1 km, and one recharging docking station for every two robots.
Magal Security Systems will show off the RoboGuard surveillance robot at the ASIS USA show in Atlanta on September 29.
TheStreet Ratings team rates MAGAL SECURITY SYSTEMS as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate MAGAL SECURITY SYSTEMS (MAGS) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity."