Magal Security Systems Update as to its Response to COVID-19
Roundhill Magnificent Seven ETF (MAGS)
US:NASDAQ Investor Relations:
magal-s3.com/safe_harbor.html
Company Research
Source: PR Newswire
YEHUD, Israel, April 13, 2020 /PRNewswire/ -- Magal Security Systems, Ltd. (Nasdaq: MAGS), a leading international provider of comprehensive physical, video and access control security products and solutions, as well as critical site management, announced today that in response to the rapidly evolving global situation related to the impact of global spread of the Coronavirus (COVID-19), Magal has implemented a number of key initiatives focusing on the safety of its key stakeholders while also providing for business continuity and opportunity.Mr. Dror Sharon, Chief Executive Officer of Magal, said, "Our first priority is protecting our employees while managing our business through the crisis and ensuring that we can return to efficient operations once the situation recovers. In response, we have implemented key initiatives to manage the business through the current uncertainties and the possible long-term economic impact." Continued Mr. Sharon, "We are well positioned to withstand the
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