Magal Security Systems Ltd.

The company develops and supplies perimeter control systems and intrusion detection systems for facilities and outdoor locations.

In September 2002, the company won 80% of the bids granted by the Israeli Ministry of Defense for the installation of intrusion detection systems along the separation wall. The company received orders worth approximately $19 million (US dollars) to install detection systems along 150 kilometers of the separation wall in the West Bank.

Magal developed Fortis, a security system based on CCTVs and command and control systems. It utilizes Fortis systems to monitor security for the following settlements: Ariel, Alfei Menashe, Karnei Shomron, Shilo, Geva Binyamin (Adam), Tzofim, Shaked, and Giva'at Ze'ev.

The company also supplied the perimeter intrusion detection system for fences around the Gaza strip.

Stock symbols

NASDAQ : MAGS
TASE : MAGS

Reasons included