SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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 May 2005
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 Announces Contracts of More Than US$13 Million
to Protect Sensitive Sites in Africa and Europe dated May 31, 2005.
ITEM 1
Press Release Source: Magal Security Systems Ltd.
Magal Announces Contracts of More Than Us$13 Million to Protect Sensitive Sites
in Africa and Europe
Tuesday May 31, 7:30 am ET
YAHUD, Israel, May 31 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd.
(NASDAQ NMS: MAGS; TASE: MAGS), today announced that it has signed two contracts
totaling over US$13 million for supplying comprehensive security solutions at
two sensitive sites, one based in Africa and the other based in Europe. The
installations will commence in the third quarter of 2005 and are expected to be
completed before the end of 2006.
These projects incorporate a number of Magal's products, including the recently
introduced DreamBox, an All-in-One CCTV security solution, which integrates a
number of CCTV related applications, into one box.
Mr. Jacob Even-Ezra, Chairman of Magal, stated: "We are pleased to win these
particular contracts with clients based in Africa and Europe, demonstrating the
global demand for our security solutions. We believe that we will receive
additional follow-on orders for these particular projects. As the market becomes
more educated with regard to the capabilities of DreamBox, we are seeing a
growing interest for this product."
About Magal Security Systems, Ltd.
Magal Security Systems Ltd. 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 US- based
subsidiary. Magal'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. Israel-based Magal has subsidiaries in the US, Canada, the UK,
Germany, Romania, Mexico and an office in China.
Magal trades in the US on the NASDAQ National Market since 1993 and in Israel on
the Tel-Aviv Stock Exchange (TASE) since July 2001, in both under the symbol
MAGS.
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 Report on Form 8-K
filed with the Securities and Exchange Commission.
Contacts:
Magal Security Systems Ltd
Roi Levy, Controller
Tel: +972-3-539-1444
Fax: +972-3-5366245
Gelbart Kahana Investor Relations
Ehud Helft, Kenny Green
US toll free: 1-866-704-6710
International: +972-3-6074717
E-mail: Ehud@gk-biz.com
Kenny@gk-biz.com
SIGNATURES
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/Jacob Even-Ezra
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Jacob Even-Ezra
Chairman of the Board and
Chief Executive Officer
Date: May 31, 2005