Magal Receives a Three Year Maintenance Contract for $7.8 Million

YAHUD, Israel, February 12, 2013 /PRNewswire/ --

Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced that it has received a service order to maintain homeland security (HLS) infrastructure in Israel. The contract is valued at US$ 7.8 million, which covers three years of maintenance and support.

Eitan Livneh, President and CEO of Magal S³, 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 S³

Magal S³ is a leading international provider of solutions and products for physical and cyber security, safety and site management. Over the past 42 years, Magal S³ 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 comprehensive integrated solutions for critical sites, managed by Fortis^4G  our 4th generation cutting edge Physical Security Information Management  system (PSIM). The solutions leverage our broadest portfolio of unique homegrown Perimeter Intrusion Detection Systems (PIDS),  advanced outdoors CCTV  / IVA  technology and holistic Cyber Security  solutions.

For more information:

    
Magal S³
Eitan Livneh, CEO
Tel: +972-3-539-1421
Assistant: Ms. Elisheva Almog
E-mail: [email protected]
http://www.magal-s3.com

CCG Investor Relations
Ehud Helft/Kenny Green
Tel: (US) +1-646-201-9246
Int'l dial: +972-3-607-4717
E-mail: [email protected]

SOURCE Magal Security Systems Ltd