Magal recently won a similar contract from Ashdod Port.
Magal Security Systems Ltd. (Nasdaq: MAGS; TASE: MAGS) has won a $1.25 million contract "to protect a major African seaport". The company did not disclose the port or the country involved.
Magal will provide a number of products, including its fence vibration system, access control system, CCTV cameras with intelligent video analysis and the MTC-1500 thermal day and night surveillance system, all integrated and controlled by Magal's advanced DreamBox system.
Magal CEO Izhar Dekel noted that this was the company's second contract to protect a seaport, after winning an $800,000 order in June 2007 from Ashdod Port Company Ltd.
Magal closed at $6.28 on Nasdaq yesterday, giving a market cap of $65 million. The share was unchanged on the TASE by mid-afternoon.
Published by Globes [online], Israel business news - www.globes-online.com - on January 8, 2008
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