Senstar Awarded Major Oil Pipeline Project in Africa

Rhea-AI Summary

Senstar Technologies (NASDAQ: SNT) announced on March 1, 2023, that it has secured a significant oil pipeline project in Africa. This project aims to enhance the security of a major pipeline through a comprehensive perimeter intrusion detection system utilizing advanced fiber optic technologies. The company will collaborate with local partners to implement a multi-layered solution, ensuring ongoing operation support. Senstar, with over 40 years of experience, specializes in providing integrated security solutions for various sectors, including utilities and energy markets.

Positive

• Awarded a significant oil pipeline project in Africa, enhancing security.
• Utilizing advanced fiber optic technologies for perimeter intrusion detection.

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• None.

RAMAT GAN, Israel, March 1, 2023 /PRNewswire/ -- Senstar Technologies (NASDAQ: SNT), a leading provider of sensing and information management solutions for the protection of critical infrastructure, is pleased to announce that it has been awarded a significant oil pipeline project in Africa. The project will reinforce the security of a major pipeline.

"Senstar will provide a comprehensive perimeter intrusion detection system to equip multiple sites with innovative fiber optic technologies," said Managing Director of Senstar, Fabien Haubert. "Together with local partners, we will work on a multi-layered solution that maximizes safety and security. We will also be providing a range of support services to ensure a smooth, ongoing operation."

About Senstar Technologies

With innovative perimeter intrusion detection systems (including fence sensors, buried sensors, and above ground sensors), intelligent video-management, video analytics, and access control, Senstar offers a comprehensive suite of proven, integrated solutions that reduce complexity, improve performance and unify support. For 40 years, Senstar has been safeguarding people, places and property for organizations around the world, with a special focus in utilities, logistics, correction facilities, and energy markets.

For more information, visit the Company's website at www.senstartechnologies.com.

Forward Looking Statements

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 and other reports filed with the Securities and Exchange Commission. In addition, there is uncertainty about the spread of the COVID19 virus and the impact it will have on the Company's operations, the demand for the Company's products, global supply chains and economic activity in general.

For more information:

Senstar Technologies:
Tomer Hay
Chief Financial Officer
Tel: +972-74-794-5200
Tomer.Hay@senstar.com

IR Contact:
Kim Rogers
Managing Director
Hayden IR
+1 541-904-5075
Kim@HaydenIR.com

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View original content:https://www.prnewswire.com/news-releases/senstar-awarded-major-oil-pipeline-project-in-africa-301759307.html

SOURCE Senstar Technologies Ltd.

FAQ

What is the significance of Senstar's oil pipeline project in Africa?

Senstar's oil pipeline project in Africa enhances security for a major pipeline, utilizing advanced fiber optic technologies.

When did Senstar announce the oil pipeline project in Africa?

Senstar announced the oil pipeline project in Africa on March 1, 2023.

What is the stock symbol for Senstar Technologies?

The stock symbol for Senstar Technologies is SNT.

What technologies will Senstar use for the Africa project?

Senstar will use a comprehensive perimeter intrusion detection system with innovative fiber optic technologies for the Africa project.