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Form 6-K MAGAL SECURITY SYSTEMS For: May 10

May 10, 2016 12:41 PM 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 May 2016

MAGAL SECURITY SYSTEMS LTD.
(Name of Registrant)


P.O. Box 70, Industrial Zone, Yahud 5610001 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 S                                           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 S

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 Wins $10 Million in Orders to Secure and Maintain Critical Power Utility Sites in LatAm dated May 10, 2016.
 





 
 

 



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:  May 10, 2016


 
 

 

EXHIBIT INDEX
EXHIBIT NO.
DESCRIPTION
   
99.1
Press Release: Magal Wins $10 Million in Orders to Secure and Maintain Critical Power Utility Sites in LatAm dated May 10, 2016.


 
 











 
EXHIBIT 99.1
 
FOR IMMEDIATE RELEASE
 
 
 
MAGAL WINS $10 MILLION IN ORDERS TO SECURE AND MAINTAIN
CRITICAL POWER UTILITY SITES IN LATAM
 
YAHUD, Israel – May 10, 2016 - Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today it received orders amounting to $10 million for new security systems for four critical power utility sites and the maintenance of another thirteen existing secured sites.
 
The sites belong to a major national power supplier in Latin America, a customer for which Magal already provides integrated security solutions. The orders include hundreds of surveillance cameras, high-end thermal imaging cameras and smart access control and gate systems. In addition, the physical security network will be reinforced by Magal’s cyber security solution.
 
Saar Koursh, CEO of Magal S3, commented: “I am proud that we won these large repeat orders, which demonstrate the confidence that this customer has in our solutions and services. Projects of this nature are opportunity to deliver integrated video solutions based on the Symphony VMS product of Aimetis, which we acquired in April of this year.”
 
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 S3 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
Tel: (US) +1 646 201 9246
Int’l dial: +972 3 607 4717
 

 




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