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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 August 2004
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 Statement File No. 333-9050.
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Magal Security Systems Ltd.
6-K Items
1. Press Release re Magal Announces a US$3.3 Million Follow-on Contract
to Protect an International Airport in Eastern Europe dated August 16,
2004.
ITEM 1
Press Release Source: Magal Security Systems Ltd.
Magal Announces a US$3.3 Million Follow-on Contract to Protect an International
Airport in Eastern Europe Monday August 16, 11:12 am ET YAHUD, Israel, August 16
/PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ: MAGS; TASE:
MAGS), today announced that it has signed a follow-on US$3.3 million contract to
protect an international airport in Eastern Europe.
This comprehensive turnkey project is the second extension of a contract that
Magal previously signed to protect this airport. The system will include various
types of security systems which are all integrated by Fortis, Magal's
computerized Command & Control System which supports real-time decision making
and wide-area command and control. In addition, this project will include other
sophisticated means for protection provided by Magal. Further details are
restricted from being published.
Mr. Jacob Even-Ezra, Chairman of Magal, stated: "The fact that the customer
again ordered Magal's products and systems for the third phase of the project,
is further proof of the reliability and efficiency of our systems that keep on
bringing customers back to us."
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
established in the U.S. in June 2001. 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. Israeli-based Magal has subsidiaries in
the U.S., Canada, the U.K., Germany, Romania, Mexico and an office in China.
Revenues for fiscal year 2003 were $59.4 million, with net income of $2.4
million.
Magal shares have traded in the U.S. on the NASDAQ National Market since 1993
and in Israel on the Tel-Aviv Stock Exchange (TASE) since July 2001, 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
Raya Asher, CFO
Tel: +972-3-539-1444
Fax: +972-3-536-6245
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: August 16, 2004