Magal Awarded a $5.5 Contract for Its Advanced Perimeter Intrusion Technologies for Detecting Border Infiltration
Roundhill Magnificent Seven ETF (MAGS)
US:NASDAQ Investor Relations:
magal-s3.com/safe_harbor.html
Company Research
Source: PR Newswire
YEHUD, Israel, June 18, 2019 /PRNewswire/ -- Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today that it has recently been awarded a $5.5 million contract for the supply of its advanced perimeter intrusion detection technology systems, which will be used to enhance security and prevent infiltration across an international border fence or wall. This award is a part of an existing project whereby Magal's systems will provide a unique solution as the technological heart of that project. Mr. Dror Sharon, CEO of Magal, commented: "Magal is a world leader in perimeter intrusion technologies. Our growing wins of orders such as this - providing sensors for active international borders, is due to the decades of experience that we have in providing systems that have more than proven themselves in-the-field. As countries around the world increasingly prioritize securing their borders, and as they realize that the physical structure by itself without technology is not an adequate solution
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