0000910662-18-000026.txt : 20180813 0000910662-18-000026.hdr.sgml : 20180813 20180813163613 ACCESSION NUMBER: 0000910662-18-000026 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20180813 FILED AS OF DATE: 20180813 DATE AS OF CHANGE: 20180813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAGAL SECURITY SYSTEMS LTD CENTRAL INDEX KEY: 0000896494 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATIONS EQUIPMENT, NEC [3669] IRS NUMBER: 000000000 STATE OF INCORPORATION: L3 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21388 FILM NUMBER: 181012704 BUSINESS ADDRESS: STREET 1: P O BOX 70 STREET 2: INDUSTRIAL ZONE CITY: YAHUD ISRAEL STATE: L3 ZIP: 5600 BUSINESS PHONE: 972-3-5391444 MAIL ADDRESS: STREET 1: P.O. BOX 70, STREET 2: INDUSTRIAL ZONE CITY: YAHUD STATE: L3 ZIP: 56100 6-K 1 mags6k.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 August 2018

MAGAL SECURITY SYSTEMS LTD.
(Name of Registrant)




 P.O. Box 70, Industrial Zone, Yahud 5610001 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 F-3 Registration Statement File No. 333-217063 and Form S-8 Registration Statements File Nos. 333-127340, 333-164696, 333-174127 and 333-190469.


Magal Security Systems Ltd.


EXPLANATORY NOTE

The following exhibit is attached:
   






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/Dror Sharon
                             
Dror Sharon
                             
Chief Executive Officer










Date:  August 13, 2018

EXHIBIT INDEX
EXHIBIT NO.
DESCRIPTION
   

EX-99.1 2 pressrelease.htm

EXHIBIT 99.1
MAGAL RECEIVES $4 MILLION IN MAINTENANCE CONTRACTS

YEHUD, Israel – August 13, 2018-- Magal Security Systems, Ltd. (NASDAQ: MAGS) announced today the receipt of two maintenance contracts in the Americas amounting to approximately $4 million.

One of the contracts is for the maintenance and support of Magal's products already installed at various correctional facilities and the second is to provide maintenance and support for the perimeter security for the facilities of an electrical power generation company.

Mr. Dror Sharon, CEO of Magal, commented, "These type of contracts provide Magal with an ongoing, reliable and predictable revenue stream, which is aligned with our strategy to increase the portion of these type of revenues in our overall mix. The advanced technologies and the increasingly complex nature of adequately securing sites, calls for maintenance and support services from a partner our clients can trust. This is why they continue expressing a strong interest in both our security products and services, as well as in our long-term support and maintenance offering."

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 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.

Forward Looking Statements
 
Certain statements made herein that are not historical, are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. The words "estimate", "project", "intend", "expect", "believe" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve known and unknown 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 Magal's reports filed from time to time with the Securities and Exchange Commission, including its Annual Report on Form 20-F and Current Reports on Form 6-K.


For more information: 
Magal Security Systems Ltd.
Diane Hill, Secretary to the CEO
Tel: +972-3-539-1421
E-mail: dianeh@magal-s3.com
Web: http://www.magal-s3.com
 
GK Investor Relations
Ehud Helft / Gavriel Frohwein
Tel: (US) +1-646-688-3559
 E-mail: magal@gkir.com