Magal Security Systems (MAGS) Announces $4.2 Million in Repeat Orders

March 21, 2012 8:40 AM EDT
Magal Security Systems, Ltd. (NASDAQ: MAGS) has recently received $4.2 million in repeat orders.

The first order, amounting to $2.9 million is for expanding the scope of the Mombasa port project, an integrated security turnkey project for the Kenya Port Authority.

The second contract for $800K is for expanding the PIDS (Perimeter Intrusion Detection System) of a European international airport; it includes the installation and commissioning of several technologies: InnoFence decorative smart fence, fiber mesh system as a solution for protecting the runway end without disturbing the sensitive ILS instrumentation and a virtual fence based on IP CCTV with Video Motion Detection (VMD).

The balance of the orders are for HLS (Homeland Security) sites in Israel, for customers that have previously ordered other solutions from Magal.


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