Magal Wins $13 Million in Two Large Orders

YAHUD, Israel, May 13, 2015 /PRNewswire/ --

Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today it has recently received two new orders amounting to $13 million.

The first order is for an integrated security solution for several sites of a national power supplier in Latin America; it includes the integration of hundreds of existing and new cameras, several high-end thermal cameras and smart car and pedestrian gates. The IP network will be managed by CyberSeal's Tungsten™ advanced switches, with built-in cyber security, optimized for security networks.

The second order covers the maintenance and the technical support for a security project, which is already operational in Africa.

Saar Koursh, CEO of Magal S³, commented: "I am proud of these two orders; the Latin American and African regions are both targeted by us for long-term growth. In particular, I am excited by the opportunity to deliver an integrated solution of physical and cyber security, based on our new cyber security product: CyberSeal Tungsten™.
Tungsten™ is optimized for IP based security networks, as well as Industrial Control Systems (ICS). We expect these orders will provide us with solid references for future similar applications. "

About Magal S³ 

Magal S3 is a leading international provider of solutions and products for physical and cyber security, as well as safety and site management. Over the past 42 years, Magal S3 has delivered tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries - under some of the most challenging conditions.

Magal S³ offers comprehensive integrated solutions for critical sites, managed by Fortis^4G - our 4^th generation, cutting-edge hybrid PSIM with SEIM (Physical Security Information Management system integrated with Security Information & Event Management). The solutions leverage our broad portfolio of homegrown PIDS (Perimeter Intrusion Detection Systems), advanced outdoors CCTV / IVA technology and Cyber Security solutions.

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

GK 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