0000910662-11-000103.txt : 20110322 0000910662-11-000103.hdr.sgml : 20110322 20110322143327 ACCESSION NUMBER: 0000910662-11-000103 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110322 FILED AS OF DATE: 20110322 DATE AS OF CHANGE: 20110322 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAGAL SECURITY SYSTEMS LTD CENTRAL INDEX KEY: 0000896494 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21388 FILM NUMBER: 11703681 BUSINESS ADDRESS: STREET 1: P O BOX 70 STREET 2: INDUSTRIAL ZONE CITY: YAHUD ISRAEL STATE: L3 ZIP: 5600 MAIL ADDRESS: STREET 1: P.O. BOX 70, STREET 2: INDUSTRIAL ZONE CITY: YAHUD STATE: L3 ZIP: 56100 6-K 1 form6k.htm PRESS RELEASE RE PIPEGUARD R&D CONTRACT form6k.htm





SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

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 March 2011

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 S                                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 S

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 S-8 Registration Statements File Nos. 333-96929, 333-127340 and 333-164696.
 


 
 
 


Magal Security Systems Ltd.


EXPLANATORY NOTE

The following exhibit is attached:

99.1
Press Release re Magal Receives R&D Contract to Enhance its Pipeguard Technology for Protection of Gas Pipelines dated March 22, 2011.







 
 
 



SIGNATURE


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/Eitan Livneh
             
Eitan Livneh
             
President and
             
Chief Executive Officer



 
 



Date:  March 22, 2011


 
 
 


EXHIBIT INDEX


EXHIBIT NO.                                           DESCRIPTION


 
99.1
Press Release re Magal Receives R&D Contract to Enhance its Pipeguard Technology for Protection of Gas Pipelines dated March 22, 2011.


EX-99.1 2 ex99_1.htm PRESS RELEASE ex99_1.htm



EXHIBIT 99.1


Magal Receives R&D Contract to Enhance its Pipeguard Technology
for Protection of Gas Pipelines
 
Research Sponsored by a Large US Gas Utility
 

Press Release
Source: Magal Security Systems Ltd
On Tuesday March 22, 2011, 11:21 am EDT
 
YAHUD, Israel, March 22, 2011 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ:MAGS - News) received a contract from a research organization, associated with a large US gas utility, to enhance the capabilities of its PipeGuard(TM) system - a sophisticated system, developed by Magal, that warns and protects buried pipes and cables against excavations.
 
The research organization has evaluated various technologies for mitigating and proactively alerting personnel when excavations are occurring in the vicinity of buried gas pipes, to enable effective and early response for prevention of potentially hazardous and catastrophic events. The rigorous testing included the ability to distinguish between the various types of excavation equipment in the proximity of pipelines, particularly in noisy environments such as busy highways.
 
The PipeGuard(TM) system has so far shown to be the most promising technology; with the contracted improvements it is expected to provide a cost effective solution for the proactive monitoring of gas pipelines to prevent third party damage.
 
Hagai Katz, Senior VP of Marketing & Business Development of Magal S3, commented: "Historically this system was designed to protect long distance pipelines against terrorist and criminal activity. Contractors all over the world are inadvertently digging or drilling into buried pipes, disrupting service, risking lives and may also cause environmental catastrophes. Our distributed system layout covers dispersed risk areas and is the perfect solution for this challenge. This financed development agreement is an excellent opportunity to develop the product for this important application and make it the preferred choice."
 
"This is an important step in our corporate strategy to supply sophisticated sensors and solutions beyond our traditional security market; in this case it is to preserve outdoor safety and green ecology," added Mr. Katz.
 
 
About PipeGuard:
 
PipeGuard(TM) is a sophisticated, patent pending sub-surface intrusion detection system for underground asset protection. Based on state-of-the-art geophone technology, PipeGuard(TM) offers a unique solution for the protection of pipelines, communication lines, prisons and even bank vaults, from terrorism, theft and inadvertent third party damage. Multiple PipeGuard sensor units are typically interconnected through a wireless or cellular mesh network and alarms are displayed on a geospatial map.
 
About third party damage risks:
 
A 2008 report indicated there were 135,000 "events" impacting buried facilities, over 70% of which were due to excavations undertaken with a lack of preparation, without a site survey or with insufficient safeguards.
 

 
 
 

 
About Magal S3:
 
Magal S3 is a leading international provider of security, safety and site management solutions and products. Over the past 40 years, Magal S3 has delivered tailor-made solutions to hundreds of satisfied customers in over 80 countries. Magal S3 offers a broad portfolio of unique products used to protect sensitive installations in some of the world's most demanding locations and harshest climates.
 
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.
 

    For more information:
    Magal S3
    Hagai Katz, SVP Marketing & BD
    Assistant: Ms. Elisheva Almog
    E-mail: ElishevaA@magal-s3.com
    Tel: +972(3)539-1444
    Web: http://www.magal-s3.com

    CCG Investor Relations
    Kenny Green / Ehud Helft
    E-mail: magal@ccgisrael.com
    Tel: +1-646-201-9246

    AGMC MARCOM SERVICES
    Aviva Haleva
    E-mail: aviva@a-gmc.com
    Tel: +972-77-200-4636
    Int'l dial: +972-3-607-4717