Magal Security Systems, Ltd. (NASDAQ: MAGS) announced that it has been awarded, through one of the subsidiaries, an $7.7 million extension to an ongoing project providing integrated security solutions for critical energy infrastructures protection in the Americas. Most of this order is scheduled to be delivered during the remainder of 2018.
Dror Sharon, CEO of Magal, commented: “This significant follow-on order demonstrates the satisfaction that our client has with the initial installation of our perimeter security system, and is another solid reference for Magal. Magal’s many years of experience in perimeter security, its strong relationships in the region as well as our integration capabilities, continue to bring us new orders and increased business. Our backlog remains at very high levels and we expect this to be reflected in our 2018 revenue growth.”
Magal is a leading international provider of solutions and products for physical and video security solutions, as well as site management. Over the past 45 years, Magal has delivered its products as well as tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries – under some of the most challenging conditions.
Magal offers comprehensive integrated solutions for critical sites, managed by Fortis4G – our 4th generation, cutting-edge physical security information management system (PSIM). The solutions leverage our broad portfolio of home-grown PIDS (Perimeter Intrusion Detection Systems), Symphony – our advanced VMS (Video Management Software) with native IVA (Intelligent Video Analytics) security solutions.