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 February 2009
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 Statements File Nos. 333-9050 and 333-123265 and Form S-8
Registration Statement File No. 333-06246.
Magal Security Systems Ltd.
6-K Items
1. Press Release re Magal Provides Update With Regard to the Status of a
Previously Announced Agreement for the Installation of a Municipal
Command and Control System in a Latin American City dated February 17,
2009.
ITEM 1
Press Release Source: Magal Security Systems Ltd
Magal Provides Update With Regard to the Status of a Previously Announced
Agreement for the Installation of a Municipal Command and Control System in a
Latin American City
Tuesday February 17, 9:00 am ET
YAHUD, Israel, February 17 /PRNewswire-FirstCall/ -- Magal Security Systems Ltd.
(NASDAQ GMS: MAGS, TASE: MAGS) announced today that although it had a signed
agreement with a large Latin American municipality with respect to the
installation of a municipal security command and control system, the project
was cancelled. The cancellation was due to repetitive delays in the transfer of
governmental funds.
Mr. Izhar Dekel. CEO of Magal said: "We were disappointed to learn of this
cancellation. The cancellation, which was out of our control, resulted from
internal bureaucratic procedures that have impacted this project. Nonetheless,
we believe that our leading municipal security solution provides an integrated
safety and security system that is well suited for the challenging demands of
municipalities around the world. Despite the setback in this particular project,
we are currently involved in the execution of many other municipal safety and
security management projects both in Israel and elsewhere, and we are in the
midst of a campaign to win similar assignments for additional cities, as we grow
our repertoire of positive references."
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. 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.
Magal's shares trade in the U.S. on the NASDAQ Global Market and in Israel on
the Tel-Aviv Stock Exchange (TASE) 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 GK Investor Relations
Lian Goldstein Ehud Helft/Kenny Green
Tel: +972-3-539-1444 Tel: (US) +1-646-201-9246
Fax: +72-3-536-6245 Int'l dial: +972-3-607-4717
E-mail:lian@magal-ssl.com E-mail: info@gkir.com
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/ Izhar Dekel
---------------
Izhar Dekel
Chief Executive Officer
Date: February 17, 2009