Key Developments: Magal Security Systems Ltd (MAGS.W)
3.95USD
20 May 2013
$-0.11 (-2.71%)
$4.06
$3.95
$3.95
$3.95
100
8
$4.40
$3.31
Latest Key Developments (Source: Significant Developments)
Magal Security Systems Ltd Secures Three Year Maintenance Contract
Magal Security Systems Ltd announced that it has received a service order to maintain homeland security (HLS) infrastructure in Israel. The contract is valued at $7.8 million, which covers three years of maintenance and support. Full Article
Magal Security Systems Ltd Appoints Chairman
Magal Security Systems Ltd announced that the Board of Directors have elected Mr. Barry Stiefel Chairman of the Board, effective February 15, 2013. Mr. Stiefel will succeed Mr. Jacob Perry, following his election to the Israeli Parliament. Mr. Barry Stiefel has been a member of Magal's Board since November 2008. He currently serves as Head of the Kirsh Family Office in London and has many years of experience in various trade and financial firms as a CEO, financial director and consultant. Full Article
Magal Security Systems Ltd Announces Resignation of Chairman
Magal Security Systems Ltd announced that upon his election as a Member of Knesset, the Israeli Parliament, Mr. Jacob Perry, has resigned from the office of Chairman of Magal; the effective date is subject to final resolution of the Board. Full Article
Magal Security Systems Ltd Acquires WebSilicon Ltd
Magal Security Systems Ltd announced the acquisition of WebSilicon Ltd, an Israeli-based company with monitoring offerings for landline and wireless networks. WebSilicon Ltd. will form an integral part of Magal's recently announced cyber strategy that will expand its offerings to deliver integrated physical-cyber solutions for critical sites. Financial terms of the transaction were not disclosed. Full Article
Magal Security Systems Ltd Receives $4.4 Million In Orders For Securing Critical Sites
Magal Security Systems Ltd announced that it has recently received orders amounting to $4.4 million. Of these orders, $2 million originated in Latin America and are to secure the perimeters of prisons and police stations. The remainder is to secure nuclear power-plants in the Far-East and conventional power plants in Israel. Full Article
Magal Security Systems Ltd Receives $4.5 Million In Homeland Security Orders
Magal Security Systems Ltd announced that it recently received $4.5 million in new orders for homeland security applications, the majority of which were from previous customers of Magal. One of the orders is for a smart PIDS (Perimeter Intrusion Detection System) solution for a prison in Latin America. The rest of the orders, including one for a safe city solution, were for homeland security applications in Israel. Full Article
Magal Security Systems Ltd Receives $3.4 Million Order To Secure Oil Facilities In Latin America
Magal Security Systems Ltd announced that it has received two orders totaling $3.4 million to supply PIDS (Perimeter Intrusion Detection System) products for an oil company based in Latin America. Delivery is expected during the third quarter of this year. Volumetric buried cable systems will be delivered to protect 125 oil wells and fiber sensors will protect another 20 sites of oil related critical infrastructure. Integration into a third party control system will be performed by a local integrator. Full Article
Magal Security Systems Receives USD5.6 Million Order to Extend the Perimeter Intrusion Protection System in an Eastern European Airport
Magal Security Systems announced that it received a USD5.6 million order to modify and extend an existing PIDS (Perimeter Intrusion Detection System) as a result of expansion at an Eastern European airport. The turnkey project includes services to remove old sections and commission and supply a new 10.5 kilometer section of Magal's leading taut wire product - DTR, which will be integrated with an existing Magal command and control system. The project's completion is expected in early 2013. Full Article
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