Magal Security Systems

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 security
Revenue	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%).

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

• Infrastructure security
• Israel Aerospace Industries

External links

• Magal corporate website
• Magal China website

References

1. ^ Company profile, SourceSecurity.com
2. ^ BusinessWeek Magal company profile
3. ^ Magal IPO on Nasdaq