Magal Awarded $13 Million Contract as Subcontractor for Toyota Tsusho Corporation for Integrated Security Solution for a Major International Sea Port in East Africa

YEHUD, Israel, December 26, 2017

Magal Security Systems, Ltd. (NASDAQ: MAGS) announced that it has signed a $13 million contract to provide integrated security solutions as a subcontractor for Toyota Tsusho Corporation. Magal will provide Toyota Tsusho Corporation and its end customer - a major international sea port in East-Africa, with a fully integrated turnkey security solution.  

Saar Koursh, CEO of Magal, commented: "We are proud to have been selected by Toyota Tsusho Corporation, to deliver our integrated security solutions. We are proud and honored to team with a global leader such as Toyota Tsusho Corporation, for such a major security project. I am confident that this partnership will be a successful one."

Continued Mr. Koursh, "The order integrates a number of our technologies including perimeter intrusion detection systems (PIDS), cyber security, Video Management Software (VMS) and Intelligent Video Analytics (IVA). These will all be integrated into and managed by our cutting-edge Fortis4G Physical Security Information Management System (PSIM). Our proven experience, engineering and integration capabilities, combined with our broad portfolio of home-grown security solutions and backed by Toyota Tsusho Corporation's global presence and project management infrastructure, enabled us to win this challenging project. We look forward to receiving further orders such as these in the future."

ABOUT MAGAL 

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.