TEXT-Magal awarded $8.5 million in contracts

YAHUD, Israel, June 29 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd. (NASDAQ GMS: MAGS, TASE: MAGS) announced today that during May 2009, it was awarded a total of approximately $8.5 million in purchase orders to protect two airports and several nuclear power stations in South East Asia, to reconstruct a border in Israel and to extend an existing airport project in Eastern Europe.
Most of the orders are expected to be completed during 2009. The first turnkey project is the extension of an airport Perimeter Intrusion Detection System (PIDS) in Eastern Europe for $1.6 million and it includes infrastructure, a Taut Wire barrier as well as Command and Control System. The second project is the reconstruction of a border protection solution in Israel for $4.6 million.
The third order is for various nuclear power station sites in South East Asia, and will incorporate a Volumetric Intrusion Detection System for $1.3 million. The fourth order is for the protection of two airports in South East Asia, which will incorporate a variety of intrusion detection solutions including Taut Wire and Vibration Sensors for $1.0 million.
Yoav Stern, Acting President & CEO, commented: "Magal is in the midst of a transition. While we still believe there are some challenging times ahead, these latest additions to our backlog of signed orders and contracts, is actually making it one of the largest in our company's history. This represents a ray of optimism and confidence that an improvement is to be expected in the not too distant future."