Magal Security Systems Receives $8.5 Million Of May Orders
June 29, 2009 (FinancialWire) — Magal Security Systems, Ltd. (NASDAQ: MAGS) it was awarded a total of approximately $8.5 million in purchase orders during May to protect two airports and several nuclear power stations in South East Asia, to reconstruct a border in Israel and to extend an existing airport project in Eastern Europe.
According to the company, most of the orders are scheduled to be completed during 2009. The first project is the extension of an airport perimeter intrusion detection system in Eastern Europe for $1.6 million. The second project is the reconstruction of a border protection solution in Israel for $4.6 million.
Magal’s third May order is for various nuclear power station sites in South East Asia, and will incorporate a volumetric intrusion detection system for $1.3 million. The fourth order is for the protection of two airports in South East Asia, which will incorporate a variety of intrusion detection solutions including taut wire and vibration sensors for $1.0 million.
Israel-based Magal is engaged in the business of security, safety, site management and intelligence analysis. The company[s portfolio of infrastructure and site protection management technologies includes a range of smart barriers and fences, fence mounted detectors, virtual gates, buried and concealed detection systems as well as a protection package for sub-surface intrusion.
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