Industry Security Key people CEO: Saar Koursh Founded 1969 | Area served World wide Headquarters Yehud, Israel Number of employees 279 (2011) | |
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Type Public (NASDAQ: MAGS),(TASE: MAGS) Products Perimeter protection systems, Motion detectors, Command and control systems Services Infrastructure security
Airport security
Port security Stock price MAGS (NASDAQ) US$ 7.30 -0.23 (-3.05%)17 Mar, 4:00 PM GMT-4 - Disclaimer Founder Israel Aerospace Industries Subsidiaries Senstar Corporation, WebSilicon Ltd. | ||
Magal security systems markets and applications
Magal Security Systems Ltd. develops and manufactures perimeter intrusion detection systems. Magal's systems are installed in more than 75 countries worldwide, in airports, borders, nuclear facilities, military bases, communications centers, maximum security prisons, governmental facilities and other sensitive installations.
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Magal has subsidiary companies in the USA, Canada, Mexico, England, Germany, Romania and an office in China.
Magal is publicly traded on the Nasdaq and Tel Aviv Stock exchanges under the symbol MAGS. The company shares are held by Mira Mag, Inc. (23%) and by the public (77%).
Corporate History
Magal Security Systems Ltd. was founded in 1969 as a department of the Israel Aerospace Industries (IAI). In 1984 Magal was established as a private company, with 26% of the shares still held by IAI.
In 1993 the Initial public offerings of Magal was made on the NASDAQ National Market in the USA (the company's symbol being MAGS). A second stock offering was made in 1997.