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Profile: Magal Security Systems Ltd (MAGS.O)

MAGS.O on Consolidated Issue listed on NASDAQ Global Market

15 Dec 2017
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Magal Security Systems Ltd., incorporated on March 27, 1984, is an international provider of products and solutions for security, safety and site management. The Company's solutions are integrated and managed by modular command and control software, supported by systems for real-time decision support. Its portfolio of critical infrastructure protection and site protection technologies includes a range of smart barriers and fences, fence mounted sensors, virtual gates, buried and concealed detection systems, and sensors for sub-surface intrusion such as to secure pipelines. The Company offers integrated solutions for critical sites, managed by Fortis4G, its fourth generation Physical Security Information Management system (PSIM). The solutions leverage its portfolio of homegrown Perimeter Intrusion Detection Systems (PIDS), advanced outdoors Close Circuit Television (CCTV)/Intelligent Video Analysis (IVA), technology and cyber security solutions. The Company develops manufactures, markets and sells lines of physical and cyber security products. The systems are used in over 80 countries to protect sensitive facilities, including national borders, military bases, power plants, airports, seaports, prisons, industrial sites, oil and gas facilities, Olympic villages and stadiums and municipalities from intrusion, crime, sabotage or vandalism to infrastructure, assets and personnel. The Company's integrated solutions are based on a range of in-house product portfolios, complemented by original equipment manufacturer (OEM) and third party products.

Perimeter security products enable customers to monitor, limit and control access by unauthorized personnel to specific regions or areas. Its line of perimeter security products utilizes sensor devices to detect and locate intruders and identify the nature of intrusions. The Company's line of outdoor perimeter security products consists of taut wire, which are hybrid perimeter intrusion detection systems with physical barrier; fence mounted vibration detection systems, which include mechanical, copper microphonic wire sensors, fiber optic sensors or electronic ranging sensors; smart barriers, which include a range of detection grids, gates and fences, designed to protect water passages, very important person (VIP) residences and other outdoor applications; buried sensors, which are volumetric buried cable sensors for PIDS and seismic and fiber sensors to secure pipelines and critical assets against digging; electrical field disturbance sensors (volumetric), and microwave sensors. The Company's taut wire perimeter systems consist of wire strung at high tension between anchor posts. Sensor posts are located at the middle between anchor posts. These sensor posts contain one or more devices that detect changes in the tension being exerted on and by the taut wires. Any abnormal force applied against these wires or released from them (such as by cutting automatically triggers an alarm). Taut wire technology provides over three critical elements of protection against unauthorized intruders: deterrence, detection and delaying (until first responders may react and intercept the intruder). The taut wire perimeter systems offer customers a range of installation options. Sensor posts can be as far as approximately 200 feet apart, with ordinary fence anchor posts between them.

The Company offers various types of vibration detection systems. Its vibration detection devices are used in installation on common metal fabric perimeter systems, such as chain link or welded mesh. In its BARRICADE system, electro-mechanical sensors are attached to fence panels approximately three meters apart on any of several common types of fence structures. The sensor system's built-in electro-mechanical filtering combines with system input from a weather analysis to manage the rate of false alarms from wind, hail or other sources of nuisance vibrations. Its Fensor, an accelerometer-based fence mounted vibration detection system that is capable of locating the location of an intrusion within three meters and is optimized for rigid fences, such as palisade. Intelli-FLEX, FLEX PS and FPS are triboelectric and electric cable fence sensors processed by a field microprocessor. It also offers Intelli-FIBER, which is a zone-based fence mounted detection system based on a fiber optic sensor. Omnitrax is a fifth generation covert outdoor perimeter security intrusion detection sensor that generates an invisible radar detection field around buried sensor cables. An alarm is emitted and the location identified within a meter if an intruder disturbs the field. Targets are detected by conductivity, size and movement and the digital processor is able to filter out common alarms caused by environmental conditions and small animals. PipeGuard and TunnelGuard are products developed around commercial off-the-shelf seismic sensors in order to detect digging around critical assets. TunnelGuard is installed in Latin America to protect bank vaults and prisons, archeological sites in China and a critical oil and gas site in Europe. FiberPatrol is also offered to protect pipelines against sabotage, or accidental third party interference (TPI), with the capability to protect up to approximately 72 kilometers of a pipeline with a single processor. Terrain following volumetric sensors can detect intrusions before the intruder touches the sensor. Sensors are installed on buildings, free-standing posts, existing fences, walls or rooftops, and senses changes in the electrostatic field when events, such as intruders penetrating through the wires, take place. The system's detection zone allows the sensor to be installed in various applications and manages nuisance alarms caused by nearby moving objects. Its product, X-Field, consists of a set of approximately four and up to over eight parallel field sensing wires. The Company also offers a K-band all digital bi-static microwave system, designed for operation in extreme outdoor environments. Coverage distance range from 5 to 200 meters.

The Company's perimeter security product, RoboGuard, runs on an elevated rail along the perimeter of protected sites or border lines, carrying an assortment of sensors. A RoboGuard configuration includes one or two fixed cameras with IR illuminators for fence surveillance, a PTZ camera with IR illuminator, and two-way intercom in order to communicate with intercepted would-be intruders. The Company delivers CCTV and IVA solutions that are designed for use in outdoor applications. It offers MTC-1500I, which is a dual technology (thermal Imaging and charged coupled device (CCD)) outdoor surveillance system. The Company's products include Tungsten, Vanadium, Rubidium and Gallium-PDS. Tungsten is a hardened managed switch with built in security capabilities to monitor unauthorized traffic, which is optimized for outdoors security and industrial control system (ICS) networks. Vanadium is an IMSI catcher detector designed to protect cellular subscribers within a site against diversion of mobile devices (calls and data) through unauthorized pseudo operators. Rubidium is a security information and event management (SIEM) application, designed to manage CyberSeal's products, as well as third party network and cyber monitoring devices. The Gallium-PDS is a passive detection system (PDS) for cell phones and other mobile devices used for correctional facilities to detect and locate the use of illegal mobile devices to within an inmate's cell. The Company offers over three types of command and control systems, such as Fortis4G, StarNet 2 and Network Manager. Fortis4G is PSIM system. It is a command and control solution, designed for entities requiring management of security, safety and site management, as well as cyber events. It is designed to manage daily routines and site activities, security, regular and irregular events, as well as crisis situations. StarNet 2 is a security management system. Network Manager is a middleware (software) package for integration with third party control systems and offers an entry level alarm management system, AIM. ULTRAWAVE design, E-FIELD, FIBERPATROL, FLARE, FLEXPI, FLEXPS, FLEXZONE, GUIDAR, INTELLI-FIELD, LOGO DESIGN (old Senstar), MISCELLANEOUS DESIGN (Stellar logo), OMNITRAX, PANTHER, PERIMITRAX, PINPOINTER, REPELS, SENNET, SENSTAR, SENSTAR & DESIGN, SENTIENT, XFIELD, MAGAL, DTR, FORTIS, DREAMBOX, MAESTRO DB, FENSOR and ROBOGUARD are registered trademarks, and INTELLI-FLEX, INTELLIFIBER, STARLED, STARNET, ARMOURFLEX, FLASH, FLEXZONE, CYBERSEAL, the Magal logo, Tungsten, Rubidium, Gallium-PDS, Vanadium and other marks used to identify particular products and services associated with its businesses are unregistered trademarks.

The Company operates through three segments: Perimeter Products, Turnkey Projects and Cyber Security.

Perimeter Products Segment

The Perimeter Products segment sells its products across the world and this segment includes mainly the operations of Senstar Canada, Senstar Germany, Senstar UK, Senstar Inc. and Senstar U.S. The Perimeter Products segment includes the sales of perimeter products, including services and maintenance that are performed either on a fixed-price basis or pursuant to time-and-materials based contracts.

Turnkey Projects Segment

The Turnkey Projects segment has operations across the world and the segment includes a range of reporting units operating in Israel, Mexico, Romania, Colombia, India, Spain and a division of Senstar Canada. The Turnkey Projects segment includes the installation of solutions for which revenues are generated from long-term fixed price contracts.

Cyber Security Segment

The Cyber Security segment operates mainly in the United States and in Israel. This segment mainly includes the operations of CyberSeal Ltd. The Cyber Security segment provides hardware and software products in the field of cyber security for monitoring, securing and the management of wired, wireless and fiber optic communication networks.

The Company competes with Elfar Ltd., RB-Tec Ltd, South West Microwave Inc., Future Fiber Technologies, Optasense, Detection Security Systems Inc., Fiber Sensys Inc. Geoquip Ltd., GPS Standard SpA, Cias Elettronica, Srl Gallagher (Australia), Future Fibre Technologies Pty. Ltd., OmniSense, Optasense, FOTech, Actall Corp., Visonic Networks, ADT, Honeywell, Siemens, C. Mer Industries Ltd., Afcon Industries Ltd., Shamrad Electronics (1977) Ltd., EL-FAR Electronics Systems and Orad Ltd.

Company Address

Magal Security Systems Ltd

17 Altalef Street
PO Box 70
YEHUD     5621617
P: +9723.5391444
F: +9723.5366245

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