• Most Popular
  • Most Shared

Israel's Magal Security gets $20 mln Latam order

Wed Sep 3, 2008 4:37am EDT

Stocks

   

TEL AVIV, Sept 3 (Reuters) - Israel's Magal Security Systems Ltd (MAGS.O) said on Wednesday its Senstar-Stellar unit received an order for the installation of a municipal surveillance security system for a large Latin American city.

The majority of the $20 million project will be completed during 2008, Magal (MAGS.TA) said.

The FORTIS Command and Control System to be installed in the unnamed city will integrate hundreds of cameras, emergency call units, and intelligent video analysis, all connected to one command-and-control centre operated by several security personnel during each shift.

The system, via a cellular network, will enable the control centre to monitor, control and dispatch security alerts to approximately 150 patrol cars and fast-response forces, some equipped with cameras for bi-directional video transfer.

This order follows the installation of the FORTIS system in an Asian capital.

"We believe that this market has great untapped potential, and we expect to receive orders for projects of this type from other cities in the future," Magal Chief Executive Izhar Dekel said in a statement. (Reporting by Tova Cohen, editing by Will Waterman)



More from Reuters

Major hurdles cleared in Geely bid for Volvo: source

HONG KONG (Reuters) - Ford Motor and Zhejiang Geely have addressed most of the big issues in the pending sale of Ford's Volvo car unit to the Chinese automaker, a source with knowledge of the talks said on Wednesday, paving the way for the biggest acquisition of a foreign automaker by a Chinese company.

» More Top News
Malaysians participate in computer attack and defence hacking competition during The 3rd Annual Hack-In-The-Box Security Conference 2004 in Kuala Lumpur on October 6, 2004. REUTERS/Bazuki Muhammad
Commentary:

Year of the breach

Data security breaches are nasty business and should be avoided at all costs, writes Kevin Prince, a chief technology officer at Perimeter e-Security. Here's a look at the biggest breaches and blunders of 2009.  Commentary 

Technology
A condominium under construction is seen in Miami, Florida October 15, 2007. REUTERS/Carlos Barria

Booming in the bust

For most Americans, the housing market collapsed about four years ago. For three real estate heavyweights, it's just getting started.  Full Article 

Housing Market