The Israeli Prime Minister's sheep ranch and home in the Negev, geographically located only a relatively short
distance from Palestinian territory, was recently equipped with a security fence at a price of $1.7 million. Magal
would not confirm or deny to IHTIR installing the system
The company's shares are dually listed on NASDAQ and on the Tel Aviv Stock Exchange ("TASE").
Company Profile
Magal developed in other fields as well. In 1993 Magal acquired the first of its subsidiaries, Stellar Security
Products Inc., a California based company, whose products supplemented Magal's own. Four years later, in 1997,
it acquired the Senstar Corporation of Canada, as well as the Civil Security Division of Dornier in Germany. By
combining the manufacturing facilities of both Stellar and Senstar into one unit and locating both in Canada,
Magal was able to achieve significant savings in overhead costs, while streamlining production. Since June 1997
these subsidiaries use the Senstar-Stellar trade name.
The latest addition to the Magal Group was made at the end of 1997, by the acquisition of Perimeter Products Inc.,
in California.
Today, the Magal Group of Companies is the leading manufacturer in the field of Outdoor Perimeter Protection,
and, with over ten thousand kilometers of its systems installed worldwide, has a 40% share of this market. The
group's consolidated revenues in the year 2000 were over US$ 38m.
Magal Security Systems, Ltd. (NASDAQ: MAGS), recently established a new company, Smart Interactive Systems
Inc., to participate in the growing need for real time video monitoring security services. Smart Interactive Systems
Inc. will integrate sensors and video cameras located in the protected area, that will then transmit visual
information of activity in the area to a central monitoring station for analysis and response. The company will
offer its services mainly to industrial sites, commercial businesses and VIP residences.
New York is the intended initial market with operations thereafter expanding nationally and later to other
countries. The potential market is large and management believes that in a few years most of the security
systems used at industrial and commercial sites will adopt video monitoring systems as the preferred method of
surveillance and protection. Magal's products are used currently in more than 60 countries, protecting national
borders and sensitive facilities from terrorism, theft and other threats.
Magal Security Systems Ltd. is, today, the leading company, worldwide, in the field of Outdoor Intrusion
Detection Systems. Founded in 1969 as a department of the Israel Aircraft Industries (IAI), Magal has shown
steady growth in both its turnover, as well as in worldwide "market niche" penetration.
In 1984 Magal was established as a private company, with 26% of the shares still held by IAI. In 1993 the Initial
Public Offering (IPO) of Magal was made on NASDAQ (the company's symbol being MAGS), a second stock
offering was made in 1997.