TEXT-Israel's Magal gets $5 mln East European contract
(The following was issued by Israel's Magal Security Systems Ltd (MAGS.O) (MAGS.TA)):
Dec 8 - Magal Security Systems Ltd (NASDAQ: MAGS; TASE: MAGS) today announced that it recently signed approximately $5 million of contracts to supply and install intrusion detection systems for dozens of utility facilities located in Eastern Europe.
The systems will be supplied and installed during 2008 and 2009.
This turnkey project includes Magal's DTR-2000 Taut Wire Intrusion Detection System, combined with a Dual Technology Motion Sensor (Passive Infrared and Microwave), integrated by a control unit.
Mr. Izhar Dekel, CEO of Magal, said: "We have been active in Eastern Europe for a number of years and we believe that these orders confirm our reputation in this region and the satisfaction of our current customers with our security products and solutions. We see great potential in this emerging sensitive utility facilities market segment, which is now experiencing an increased demand for site protection and surveillance. Magal has the ability to combine various security systems into a turnkey project solution that best suits the challenging requirements of this market segment, and we expect that our market share will grow."
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