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Form 6-K MAGAL SECURITY SYSTEMS For: Aug 08

August 8, 2016 9:00 AM EDT

 
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

F O R M  6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of August 2016

MAGAL SECURITY SYSTEMS LTD.
(Name of Registrant)

P.O. Box 70, Industrial Zone, Yahud 56100 Israel
(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒          Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ☐          No ☒

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ____________

This Report on Form 6-K is incorporated by reference into the Registrant's Form S-8 Registration Statements File Nos. 333-127340, 333-164696, 333-174127 and 333-190469.



Magal Security Systems Ltd.
 
EXPLANATORY NOTE

The following exhibit is attached:

99.1       Press Release: Magal Awarded Large Framework Contract to Secure the City of Holon


 
SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
MAGAL SECURITY SYSTEMS LTD.
          (Registrant)
 
       
 
By:
/s/ Saar Koursh  
   
Saar Koursh
 
   
Chief Executive Officer
 
       
Date:  August 5, 2016


EXHIBIT INDEX
 
EXHIBIT NO.          DESCRIPTION

       99.1                     Press Release: Magal Awarded Large Framework Contract to Secure the City of Holon
 











 
.
 

 
Exhibit 99.1
 

17 Altalef St. PO Box 70, Yehud
Industrial Zone 56100, Israel

FOR IMMEDIATE RELEASE
 
PRESS RELEASE
 
MAGAL AWARDED LARGE FRAMEWORK CONTRACT
TO SECURE THE CITY OF HOLON
 
YEHUD, Israel August 1, 2016 - Magal S3, Ltd. (NASDAQ: MAGS) announced today that it signed a framework agreement to supply a safe city turnkey solution for the city of Holon in Israel. The project will be implemented over a five-year timeframe and, if fully implemented, the scope will reach $5 million. The portion to be delivered in 2016 is not material.
 
Magal will supply a fully integrated solution including: an advanced command and control center based on its Fortis4G management system, hundreds of surveillance cameras, automated access and alarm system for municipal buildings, public address system, intercom, and emergency buttons for public areas.
 
Magal will deploy a wide area network over fibers and wireless, supported by Magal’s Tungsten – an outdoor switch with built-in cyber security for the whole network.
 
Saar Koursh, CEO of Magal S3, commented: “I am happy that we were chosen to secure the safety and the lifestyle of Holon’s citizens. Urbanization brings many new security challenges and opportunities; naturally, the acquisition of Aimetis with its first class Video Management System (VMS) with built in video analytics, strengthens our position in this emerging market. This year Aimetis’ Symphony was already selected for a safe city project within Brazil.”
 
About Magal S3
Magal S3 is a leading international provider of solutions and products for physical and cyber security, as well as safety and site management. Over the past 42 years, Magal has delivered tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries – under some of the most challenging conditions.
 
Magal S3 offers comprehensive integrated solutions for critical sites, managed by Fortis4G – our 4th generation, cutting-edge hybrid PSIM with SEIM (Physical Security Information Management system integrated with Security Information & Event Management). The solutions leverage our broad portfolio of homegrown PIDS (Perimeter Intrusion Detection Systems), advanced CCTV / IVA technology and Cyber Security solutions.
 
For more information:
Magal S3
Saar Koursh, CEO
Tel: +972 3 539 1421
Assistant: Ms. Elisheva Almog
www.magal-s3.com
GK Investor Relations
Ehud Helft/Gavriel Frohwein
Tel: (US) +1 646 688 3559
Int’l dial: +972 3 607 4717
 


 


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