SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
F O R M 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2008
MAGAL SECURITY SYSTEMS LTD.
(Name of Registrant)
P.O. Box 70, Industrial Zone, Yahud 56100 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F [X] Form 40-F [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate by check mark if the registrant is submitting the Form 6-K in
paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
Indicate by check mark whether by furnishing the information contained
in this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes [ ] No [X]
If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ________
This Report on Form 6-K is incorporated by reference into the Registrant's Form
F-3 Registration Statements File Nos. 333-9050 and 333-123265 and Form S-8
Registration Statement File No. 333-06246.
Magal Security Systems Ltd.
6-K Items
1. Press Release re Magal Receives an Order to Install A Municipal
Command & Control System in an Asian Capital dated July 21, 2008.
ITEM 1
Press Release Source: Magal Security Systems Ltd
Magal Receives an Order to Install A Municipal Command & Control System
in an Asian Capital
Monday July 21, 6:00 am ET
YAHUD, Israel, July 21 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd.
(NASDAQ GMS: MAGS, TASE:MAGS) announced today that it has received an order for
the installation of a municipal security command and control system in a capital
city in Asia, based on its FORTIS System. The first stage of this order which is
expected to be completed by the end of August 2008 is approximately US$ 650,000.
Following completion of the initial stage, management expects the project to be
expanded, and the total sum of the whole project is expected to reach
approximately US$ 3 million.
This order was received following the customer's review of the FORTIS System's
performance in a number of major Israeli cities and local municipalities, which
systems have been operational since July 2005.
The FORTIS System will integrate the command and control of the security systems
in this Asian capital city, while protecting public areas, parks and educational
facilities from acts of vandalism, burglary and sabotage, and increasing the
sense of security for the residents in the city.
The FORTIS System is based on an advanced technology that includes dozens of
sophisticated cameras, unique graphic control-centers, and real-time live video
of the protected perimeter zones under alert. The system enables the operator to
promptly receive and dispatch live video and alerts, to and from security
vehicles, via wide range wireless, consequently optimizing the operational
response.
Mr. Izhar Dekel. CEO of Magal said, "This order reinforces Magal's strengths and
capabilities as a leading provider of municipal security solutions. Our recent
strategy has been to expand our sales efforts for the FORTIS System outside of
Israel, and this order marks a significant milestone. We are currently
negotiating additional international projects, and this win provides us with a
new international reference."
About Magal Security Systems Ltd.:
Magal Security Systems Ltd. (Magal) is engaged in the development, manufacturing
and marketing of computerized security systems, which automatically detect,
locate and identify the nature of unauthorized intrusions. The Company's
products are currently used in more than 70 countries worldwide to protect
national borders, airports, correctional facilities, nuclear power stations and
other sensitive facilities from terrorism, theft and other threats.
Magal's shares trade in the U.S. on the NASDAQ Global Market and in Israel on
the Tel-Aviv Stock Exchange (TASE) under the symbol MAGS.
This press release contains forward-looking statements, which are subject to
risks and uncertainties. Such statements are based on assumptions and
expectations which may not be realized and are inherently subject to risks and
uncertainties, many of which cannot be predicted with accuracy and some of which
might not even be anticipated. Future events and actual results, financial and
otherwise, may differ from the results discussed in the forward-looking
statements. A number of these risks and other factors that might cause
differences, some of which could be material, along with additional discussion
of forward-looking statements, are set forth in the Company's Annual Report on
Form 20-F filed with the Securities and Exchange Commission.
Contacts:
Magal Security Systems Ltd
Lian Goldstein
Tel: +972-3-539-1444
Fax: 972-3-536-6245
E-mail:lian@magal-ssl.com
GK Investor Relations
Ehud Helft/Kenny Green
Tel: (US) +1-646-201-9246
Int'l dial: +972-3-607-4717
E-mail: info@gkir.com
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
MAGAL SECURITY SYSTEMS LTD.
(Registrant)
By: /s/ Izhar Dekel
---------------
Izhar Dekel
Chief Executive Officer
Date: July 21, 2008