Magal Launches DreamBox - a New All-in-One CCTV Security Solution
YAHUD, Israel, March 30 /PRNewswire-FirstCall/ -- Magal Security Systems, Ltd. (NASDAQ NM: MAGS; TASE: MAGS) today announced the launch of the DreamBox - a new All-in-One CCTV security solution.
The DreamBox is a state-of-the-art embedded hardware and software product, which integrates a number of CCTV related applications, into one box. The system is designed to be economical, as well as compact to save space, whilst avoiding the use of a complicated cable installation and network protocols integration.
DreamBox contains twelve different applications, including Digital Video and Audio Recording, Video & Audio Matrix Switcher, Outdoor and Indoor Video Motion Detection System (VMD), Security Management System (SMS) and Transmission system.
The DreamBox is substantially lower in price than the cost of the other products' applications combined, a factor, which positions DreamBox as the ultimate security solution for all strategic facilities. Its target markets include governmental, institutional and other sensitive facilities, such as airports, train stations, seaports, prisons, casinos and hospitals, all of which require the use of high quality CCTV applications.
Mr. Jacob Even-Ezra, Chairman of Magal said: "Magal identified the huge potential of the fast growing digital CCTV market and developed the DreamBox, which is a break-through in this area, by providing a unique "All- in-One" solution.
By developing this product, Magal is entering a new area of activity. We refer to the DreamBox's target market as an `add-on' market for Magal and believe that this product is substantially broadening the Company's target markets. As an example, we are entering the field of Digital Video Recording, which is only one of the DreamBox's applications out of many."
Mr. Even-Ezra, added:" Seeing the potential of the DreamBox, Magal has decided to establish a special division for this product and open a separate office in the USA for marketing and support of the DreamBox".
Mr. Even-Ezra concluded: "DreamBox joins two other new products that Magal has recently launched. These are the FORTIS Integrated Command and Control System and the PIPEGUARD- a buried assets security system, which altogether significantly widens the spectrum of security solutions we offer and substantially broadens the potential security markets of Magal."
DreamBox will be presented for the first time at the ISC West 2004 Expo, which will take place at the Sands Convention Center in Las Vegas, Nevada, on March 31 until April 2, 2004. |
