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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 October 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 US$4.5 Million in Orders for Protection of
Sensitive Installations dated October 25, 2004.
2. Press Release re Magal Security Systems, Ltd. 2004 Third Quarter Results
Release Scheduled For Monday, November 1st, 2004 dated October 25, 2004.
ITEM 1
Press Release Source: Magal Security Systems Ltd.
Magal Announces US$4.5 Million in Orders for Protection of Sensitive
Installations
Monday October 25, 7:30 am ET
YAHUD, Israel, October 25 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd.
(NASDAQ: MAGS - News), (TASE: MAGS), today announced that two of its fully owned
subsidiaries have recently received approximately US$4.5 million in orders for a
number of projects for perimeter security systems that will be used to protect
sensitive installations. The majority of these installations are situated in
Mexico. The main portions of these projects are scheduled to be complete before
year-end and the balance during the first half of 2005.
One of these projects includes a new product: Magal's IntelliFiber. This
recently launched product is a unique optical disturbance sensor for demanding,
fence mounted security applications. The sensor is highly sensitive to
intrusion, extremely versatile and can be applied to virtually any fence. The
sensor cable consists of fiber cores for detection of intrusions only. The
IntelliFiber system is developed and produced by Magal's fully owned subsidiary
Senstar-Stellar Corporation based in Canada.
Mr. Jacob Even-Ezra, Chairman of Magal, remarked: "Over the last year, our R&D
team has done an excellent job in developing a variety of new security products,
which has significantly expanded the markets we sell to and guarantees the
future growth of our business. We are beginning to harvest the fruits of their
hard work as we begin to sell these new products in an increasing number of
projects."
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 Annual Report on
Form 20-F filed with the Securities and Exchange Commission.
Contacts:
Magal Security Systems, Ltd Gelbart kahana Investor Relations
Raya Asher, CFO Ehud Helft, Kenny Green
Tel: +972-3-539-1444 US toll free: +1-866-704-6710
Fax: +972-3-5366245 International: +972-3-6074717
E-mail: Ehud@gk-biz.com
Kenny@gk-biz.com
ITEM 2
Press Release Source: Magal Security Systems Ltd.
Magal Security Systems, Ltd. 2004 Third Quarter Results Release Scheduled For
Monday, November 1st, 2004
Monday October 25, 12:00 pm ET
Conference Call Scheduled for November 1st, 2004 at 11am EST
YAHUD, Israel, October 25 /PRNewswire-FirstCall/ -- Magal Security Systems
(NASDAQ NM: MAGS, TASE: MAGS), announced that it will be releasing its third
quarter 2004 results on Monday, November 1st, 2004, before the US market opens.
The Company will also be hosting a conference call on the same day, November
1st, at 11:00am EST. On the call, Mr. Jacob Even-Ezra, Chairman of the Board &
CEO, and Ms. Raya Asher, V.P. Finance & CFO, will review and discuss the third
quarter 2004 results and will be available to answer questions.
To participate, you may call any one of the teleconferencing numbers that
follows.
Please place your calls at least 5-10 minutes before the conference call
commences. If you are unable to connect using one of the toll-free numbers,
please try the international dial-in number.
US Dial-in Number: 1866-860-9642
Canada Dial-in Number: 1866-485-2399
ISRAEL Dial-in Number: 03-918-0610
INTERNATIONAL Dial-in Number: +972-3-918-0610
At:
11:00am Eastern Time
8:00am Pacific Time
6:00pm Israel Time
For those unable to participate in the conference call, there will be a replay
available from two hours after the call ends until Wednesday November 3rd, 11am
EST. To listen to the replay please dial: 1877-332-1104 (US) or +972-3-9255-939
(international).
About Magal Security Systems
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, Mexico, Romania and an office in China.
Company Contact
Raya Asher (mglraya@trendline.co.il)
Magal Security Systems
+972 3 539 1433
Investor Relations Contacts
Ehud Helft (Ehud@gk-biz.com)
Kenny Green (Kenny@gk-biz.com)
Gelbart-Kahana International
+1-866-704-6710
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: October 25, 2004