Business Services Industry
Magal Security Systems, Ltd. announces U.S. $1.8 million order for installation and maintenance of Cargo Pallet Machines
Business Wire, Feb 25, 1997
YAHUD, Israel--(BUSINESS WIRE)--February 25, 1997--Magal Security Systems, Ltd. (NASDAQ:MAGSF), today announced that Rapiscan Security Products, Inc., a co-developer with Magal of a cargo pallet screening machine, has received an approximately U.S. $12 million order from the Israel Ministry of Defense to build 16 machines for 1997 delivery.
Magal will be responsible for the installation and maintenance of these systems which amounts to approximately 15% of the contract price, or U.S. $1.8 million.
Magal Security Systems, Ltd. is engaged in the development, manufacture and marketing of computerized security systems which automatically detect, locate and identify the nature of intrusions. Magal also manufactures and markets systems which automatically detect, locate and identify explosive devices in luggage, packages and other parcels. The company's principal products include a bomb detection system called AISYS, and a video motion detection system called DTS. Magal's products currently are used in more than 40 countries to protect national borders and sensitive facilities from terrorism, theft and other threats.
CONTACT: Mickey Brandt, CFO
MAGAL SECURITY SYSTEMS, LTD.
011-972-3-539-1444
or
Stephen D. Axelrod,CFA
Joel Herskovits
Susan T. Bolen (Media)
WOLFE AXELROD ASSOCIATES
212-370-4500; 212-370-4505 (Fax)
e-mail:76015.440@compuserve.com
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
- Leading Italian ICT Services Provider Deploys Cisco's Unified Computing System to Provide More Flexibility for Customers and Support Growth Within the Business
- Great Sony Sound Any Time With Your iPod or iPhone:
- No Fuss, No Wires... Just Great-Sounding Home Entertainment: New MDR-RF4000K Digital Cordless Headphone
- Leading Information Technology Units Drive Business Change, Says The Boston Consulting Group
- A25 Gold Producers Announces Letter of Intent to Acquire the Prident Gold Property
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- The last smoke: medical marijuana. (American Survey)
- Diets Around the World: How the Menu Varies
- Top of the line: some of the world's most well-respected doctors practice in South Florida. A guide to choosing the best physician specialists - Top Doctors in South Florida
- Asian financial crisis of 1997: Causes and policy responses, The
