Senstar Awarded Two Significant Energy Sector Contracts in North America

Rhea-AI Summary

Senstar (NASDAQ: SNT) has secured two major contracts in the energy sector, valued over $2 million USD, aimed at enhancing the security of key strategic sites in the USA and Canada. These contracts will implement advanced perimeter intrusion detection systems, utilizing technologies such as FiberPatrol and Flexzone sensors. CEO Dror Sharon emphasized that Senstar's innovative solutions and strong brand reputation were crucial in winning these contracts, contributing to the company's expanding market share in sectors like logistics, energy, and utilities.

Positive

• Secured contracts valued over $2 million USD in the energy sector.
• Enhanced security for strategic sites in the USA and Canada.
• Deployment of advanced perimeter intrusion detection systems.
• Strengthens position in target verticals such as energy, utilities, and logistics.

Negative

• None.

RAMAT GAN, Israel, Aug. 30, 2022 /PRNewswire/ -- Senstar (NASDAQ: SNT), a world leader in video management, video analytics, and perimeter intrusion detection solutions, has been awarded two significant contracts in the energy sector in the USA and Canada that are valued at over $2 million USD and aim to reinforce the security of several major strategic sites.

Senstar's advanced sensing solutions, including perimeter intrusion detection systems, will be installed to protect critical infrastructure. The multi-layered system includes FiberPatrol and Flexzone fence sensors, Omnitrax buried sensors, Xfield and Ultrawave above-ground sensors. In addition, the contracts include Senstar support services to ensure smooth operation and maintenance.

"Senstar's continuous innovation enables us to bring highly sophisticated, reliable new technologies to market that expand our offering, improving our competitive advantage and benefiting our customers. Our comprehensive offering was key to winning these contracts. We leverage Senstar's strong brand and expertise to increase our market share in target verticals of logistics, energy, utilities and corrections," said Dror Sharon, CEO of Senstar Technologies.

About Senstar Technologies Ltd.

With innovative perimeter intrusion detection systems (including fence, buried, and above ground sensors), intelligent video-management, video analytics, and access control, Senstar offers a comprehensive suite of proven, integrated solutions that reduce complexity and 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 on utilities, logistics, corrections, and energy markets.

For more information: 
Senstar Technologies Ltd.
Doron Kerbel, Adv.
V.P. General Counsel & Company Secretary
+972-74-794-5200
Doron.Kerbel@senstar.com

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

View original content:https://www.prnewswire.com/news-releases/senstar-awarded-two-significant-energy-sector-contracts-in-north-america-301614584.html

SOURCE Magal Security Systems Ltd

FAQ

What is the value of the contracts Senstar secured in the energy sector?

The contracts are valued at over $2 million USD.

In which countries did Senstar win contracts for enhancing energy sector security?

Senstar won contracts in the USA and Canada.

What technologies will Senstar use in its new contracts?

Senstar will use FiberPatrol and Flexzone sensors among other advanced perimeter intrusion detection systems.

How do these contracts impact Senstar's market position?

These contracts enhance Senstar's market share in the energy, utilities, and logistics sectors.

Who is the CEO of Senstar and what did they say about the contracts?

Dror Sharon, the CEO, stated that innovation and strong brand reputation were key to winning the contracts.