- Magal Security Systems
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Magal Security Systems Ltd. Type Public (NASDAQ: MAGS),(TASE: MAGS) Industry Security Founded 1969 Founder(s) Israel Aerospace Industries Headquarters Yahud, Israel Area served World wide Key people CEO: Eithan Livne Products Perimeter protection systems, Motion detectors, Command and control systems Services Infrastructure security
Airport security
Port securityRevenue US$ 62.70 million (2007)
Operating income US$ 1.20 million (2007)
Net income US$ 1.88 million (2007)
Employees 250 Website www.magal-s3.com Magal Security Systems Ltd. (NASDAQ: MAGS), Magal Security Systems, Ltd. develops and manufactures advanced Perimeter Intrusion Detection Systems. Magal's systems are installed in more than 75 countries worldwide, protecting airports, borders, nuclear facilities, military bases, communications centers, maximum security prisons, governmental facilities and other sensitive installations.[1]
Magal has subsidiary companies in the USA, Canada, Mexico, England, Germany, Romania and an office in China.
Magal is publicly traded on the Nasdaq and Tel Aviv Stock exchanges under the symbol MAGS. The company shares are held by Mira Mag, Inc. (23 %) and by the public (77%).
Contents
Corporate History
Magal Security Systems Ltd. was founded in 1969 as a department of the Israel Aerospace Industries (IAI). In 1984 Magal was established as a private company, with 26% of the shares still held by IAI.[2]
In 1993 the Initial public offerings of Magal was made on the NASDAQ National Market in the USA (the company's symbol being MAGS). A second stock offering was made in 1997.[3]
See also
External links
References
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Categories:- Companies listed on NASDAQ
- Companies listed on TASE
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