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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 Fortis4G  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

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

SOURCE Magal Security Systems Ltd

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

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