YEHUD, Israel, March 22, 2018 /PRNewswire/ --
Magal Security Systems, Ltd. (NASDAQ GM: MAGS) today announced that since the beginning of the year it has received a record number of orders for more than 20 sites for its fiber optic based sensor product, FiberPatrol.
Customer applications include fence mounted and buried protection of critical infrastructure such as chemical plants in Western Europe and North America, public utility sites, transportation depots and a military base in Southeast Asia.
New technology added to the FiberPatrol product line includes artificial intelligence (AI) techniques enabling the buried sensor to classify and differentiate between humans and animals, vehicles, excavation and even tunneling - whether manually or by machine. The buried sensor is capable of detecting manual digging up to 100 feet away, moving vehicles up to 50 feet away and footsteps up to 30 feet away. Over a typical 25 mile range, it has a typical location accuracy of less than 30 feet when buried and 12 feet for the fence mounted sensor.
Commented Saar Koursh, CEO of Magal, "This latest version of our FiberPatrol product line has introduced a truly ground-breaking technology. While simple to install, it provides highly sensitive covert protection over long distances and is particularly suited for border security. Furthermore, its ability to accurately classify the types of intrusion events using state-of-the-art artificial intelligence techniques, significantly lowers costly nuisance alarms, which is mission critical in remote border regions. The attractiveness of this newest version of our product is evident by the sharp increase in orders received since its release. The FiberPatrol product is clearly another growth engine for Magal and we look forward to further growth from this product line in 2018 and beyond."
Magal is a leading international provider of solutions and products for physical and video security solutions, as well as site management. Over the past 45 years, Magal has delivered its products as well as tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries - under some of the most challenging conditions.
Magal offers comprehensive integrated solutions for critical sites, managed by Fortis4G - our 4th generation, cutting-edge physical security information management system (PSIM). The solutions leverage our broad portfolio of home-grown PIDS (Perimeter Intrusion Detection Systems), Symphony - our advanced VMS (Video Management Software) with native IVA (Intelligent Video Analytics) security solutions.
Forward Looking Statements
Certain statements made herein that are not historical are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown 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 Magal's reports filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 20-F and Current Reports on Form 6-K.
For more information:
Magal Security Systems Ltd.
Saar Koursh, CEO
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1-646-688-3559