Last $4.45 USD
Change Today +0.08 / 1.83%
Volume 48.8K
MAGS On Other Exchanges
As of 10:28 AM 09/22/14 All times are local (Market data is delayed by at least 15 minutes).

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09/3/14 - $6.16
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10/30/13 - $3.10
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magal security sys ltd (MAGS) Details

Magal Security Systems Ltd. develops, manufactures, and sells safety, security, site management, and intelligence gathering and compilation solutions and products worldwide. It operates through: Perimeter Products, Turnkey Projects, and Cyber segments. The company offers perimeter security systems that enable customers to monitor, limit, and control access by unauthorized personnel to specific regions or areas. Its perimeter security systems include hybrid perimeter intrusion detection systems with physical barrier; fence mounted vibration detection systems; detection grids, gates, and fences to protect water passages, VIP residences, and other outdoor applications; and buried cable sensors, electrical field disturbance sensors, and microwave sensors. The company also provides RoboGuard, a robot that runs on an elevated rail along the perimeter of protected sites or border lines; and CCTV systems comprising MTC- 1500I, an outdoor surveillance system, as well as MSS- 1500I, a dual camera system for outdoor rapid deployment operations. In addition, it offers Fortis4G, a forth generation command and control system; StarNet 1000, a security management system; and Network Manager, a middleware package, as well as life safety/duress alarm products to protect personnel in prisons. Further, the company offers hardware and software products in the field of cyber security for monitoring, securing, and the active management of wired, wireless, and fiber optic communication networks; and installation, support, and maintenance services. Its products are used to protect national borders, military bases, power plants, airports, seaports, prisons, industrial sites, oil and gas facilities, Olympic villages and stadiums, and municipalities from intrusion, crime, sabotage, or vandalism. The company sells its products through system integrators and distribution channels. Magal Security Systems Ltd. was founded in 1969 and is based in Yehud, Israel.

309 Employees
Last Reported Date: 03/27/14
Founded in 1969

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magal security sys ltd (MAGS) Key Developments

MAGAL S3 LTD. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

MAGAL S3 LTD. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. The company's revenues for the second quarter of 2014 increased 33% to $16.2 million from $12.2 million for the second quarter of 2013 and increased 30% from $12.5 million in the first quarter of 2014. Operating loss in the quarter was $0.6 million, compared to an operating loss of $1.1 million in the second quarter of 2013. Net loss in the quarter was $1.1 million or $0.07 per share, compared with a net loss of $0.7 million, or $0.04 per share, in the second quarter of 2013. Loss before income taxes was $1,242,000 against $665,000 a year ago. For the six months period, the company reported revenue of $28,753,000 against $25,685,000 a year ago. Operating loss was $2,915,000 against $1,966,000 a year ago. Loss before income taxes was $3,157,000 against $1,708,000 a year ago. Net loss was $3,151,000 or $0.19 per diluted share against $1,792,000 or $0.11 per diluted share a year ago.

Magal Security Systems, Ltd. Launches and Showcases RoboGuard at the ASIS USA show

Magal Security Systems Ltd. will be showcasing its innovative RoboGuard at the ASIS USA show, which will be held in Atlanta, GA, on Sept. 29. RoboGuard is an agile surveillance robot that travels on a monorail, constantly patrolling a secured perimeter. It conducts regular inspections of the fence line, which are essential to maintaining the integrity of the perimeter. It can also promptly respond and check on any suspected intrusion as needed. A complete system consists of autonomous robots, each covering up to 1 km, with a battery recharging docking station for every two robots. RoboGuard is a revolutionary agile scout, running on a monorail which is attached to the fence structure, powered by a rechargeable battery, with two main modes of operation routine patrol and fast response.

Magal Security Systems, Ltd. Receives $4 Million New Contracts

Magal Security Systems Ltd. announced that it recently received a number of new contracts, amounting to more than $4 million. One of the contracts, amounting to almost $2 million, is for a dual technology smart fence (taut wire and vibration sensors) for a homeland security application in Israel. The company also received approximately $500,000 in orders for its latest fiber sensor technology to secure industrial sites and sea-ports in South-East Asia and the USA. The balance of the orders were for a mix of products and projects including the expansion of a Ramat Ha'sharon safe city project in Israel and a smart robust grid to secure water canals in a nuclear power plant located in the Far-East.


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