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 November 2007
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 Security Systems Receives $1.2 Million Orders
for its DreamBox System With Intelligent Video Analysis for Delivery
in Western Europe dated November 1, 2007.
ITEM 1
Press Release Source: Magal Security Systems Ltd
Magal Security Systems Receives $1.2 Million Orders for its DreamBox System
With Intelligent Video Analysis for Delivery in Western Europe
Thursday November 1, 9:30 am ET
YAHUD, Israel, November 1 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd.
(NASDAQ: MAGS; TASE: MAGS), today announced that it recently received two
orders for approximately US$1.2 million to protect an air force base along a
seashore and dozens of gas storage sites in Western Europe.
The first order is for protection of an air force base situated next to a
seashore from intruders infiltrating the base from the sea. The order includes
the Magal's MTC-1500 Thermal Day and Night Surveillance cameras and DreamBox
system with its built-in intelligent video analysis technology.
The second order is for protection of dozens of gas storage sites from illegal
and unauthorized entry into the secured area. The order includes Magal's
DreamBox system with its integrated intelligent video analysis technology.
DreamBox is a state-of-the-art embedded hardware and software product which in
these two orders integrates intelligent video analysis, digital video recording
and a video matrix switcher with its security management system.
Mr. Izhar Dekel, CEO of Magal, said: "These new DreamBox orders, one of which is
a follow-on order from an existing customer, validate, once again, our
leadership position in the high-end security market, as well as our ability to
migrate our premier high-end security platforms to the broad civilian market.
Furthermore, the follow-on order from an existing customer further attests to
our ongoing commitment to customer satisfaction, by steadily identifying and
developing solutions in the forefront of innovation and technology."
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. Magal also supplies
video monitoring services through Smart Interactive Systems, Inc., a subsidiary
in the U.S. 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 trades under the symbol MAGS in the U.S. on the NASDAQ
Global Market since 1993 and in Israel on the Tel-Aviv Stock Exchange (TASE)
since July 2001.
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:
Company
Magal Security Systems, Ltd
Raya Asher, CFO
Tel: +972-3-5391444
Fax: +972-3-5366245
E-mail: magalssl@trendline.co.il
Investor Relations
G.K. Investor Relations
Ehud Helft/Kenny Green
Tel: +1-866-704-6710
E-mail: Ehud@gk-biz.com
Kenny@gk-biz.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: November 1, 2007