Magal Security Systems’ sub receives $8 million order
Magal Security Systems, Ltd. (Nasdaq: MAGS) reported this morning that that one of its wholly-owned subsidiaries has received an order of over $8 million to install its Perimitrax buried cable intrusion detection.
According to the Israeli company, the installation is part of a project to protect several public utility facilities in Western Asia
Magal Group's Perimitrax - a Buried Cable Intrusion Detection System, is a clandestine perimeter intrusion detection sensor that generates an electromagnetic field around buried sensor cables. If an intruder comes into contact with the field, an alarm is declared.
The Company will begin installations at the first site in the fourth quarter of 2007.
Shares of Magal were halted in pre-market trading.
