HADERA, Israel, March 18, 2005 (PRIMEZONE) -- Malers Automation and Control Ltd. ("Malers") (Pink Sheets:GXXL) today announced that the Company has entered a segment of the homeland security market with a newly developed system. The need for such a system is broad-based, representing a particularly large worldwide market.
Malers' new defense system was designed to prevent the infiltration of terrorists under security fences. Depending on the size of the areas to be covered, the system prices could be in the hundreds of thousands of dollars.
"Clearly, this offers Malers a very large and profitable market opportunity," says Ronen Luzon, Malers' CEO. "We developed this system with Automatic Service, our new Russian partners. This shows just how well we can leverage the knowledge of both teams to come up with high value systems that can be used in markets around the world."
The two companies are now in the process of submitting proposals to military departments in several countries. This new product was born out of the fact that there have been numerous terrorist attacks and attempted attacks on Israel by digging under security fences. Terrorist organizations worldwide have begun using similar techniques, making their prevention a very hot issue in the defense industry.
Malers has begun the process of submitting patents on the new system.
About Malers
Malers Automation and Control Ltd. is an Israeli systems company that develops, manufactures, sells and maintains automation and control systems for industrial applications. The Company produces turn-key systems that replace labor intensive, error prone and costly manual production and monitoring functions. Since the Company's inception in 1996, Malers' custom designed systems have been installed in major industrial applications worldwide. Their systems offer centralized and remote control of complex manufacturing processes, and data collection and analysis systems.
For more information, please contact Ronen Luzon, at 011-972-54-477-5656 or malers-a(@)malers-automation.com or visit us on the Web at www.malers-automation.com.
Forward-Looking Statements
Certain statements in this news release may contain 'forward-looking' information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.