SENSTAR OPENS SOFTWARE DEVELOPMENT BRANCH IN ROMANIA

Rhea-AI Summary

Senstar Technologies Ltd. (NASDAQ: SNT) has opened a software development branch in Timisoara, Romania, enhancing its software solution portfolio. This new facility aims to tap into Romania's strong technical talent pool and will focus on expanding the Senstar Symphony™ platform, which integrates various security management systems. The platform's Sensor Fusion Engine combines data from multiple sources for improved performance. This strategic move is expected to allow Senstar to better address customer needs and improve product development capabilities.

Positive

• Opening a software development branch in Romania enhances technical capabilities.
• Access to a large pool of technical talent in Europe.
• Focus on advancing Senstar Symphony's capabilities and market reach.

Negative

• None.

RAMAT GAN, Israel, March 8, 2022 /PRNewswire/ -- Senstar, a Senstar Technologies Ltd. (NASDAQ: SNT) company, is pleased to announce it has opened a software development branch in Timisoara, Romania. A team of highly skilled developers and quality assurance specialists will focus on advancing Senstar's software solution portfolio.

"The addition of new talent and perspectives in Europe will help strengthen the Senstar Symphony™ Common Operating Platform with Sensor Fusion Engine roadmap and expand the market for our premier software platform," said Director of Software Development Bogdan Moldovean. "Romania offers a large pool of technical talent with a reputation for high-quality software development services. Having a development center in the EMEA region will allow us to holistically address our customers' unique needs and subsequently develop related products and solutions."

The Senstar Symphony Common Operating Platform is a modular solution for security management and data intelligence. In addition to being an open, highly scalable video management system with built-in video analytics, it includes full-featured access control and perimeter intrusion detection modules. But what truly sets Senstar Symphony apart from other systems is its Sensor Fusion Engine. By intelligently combining low-level sensor data with video analytics, the sensor fusion engine achieves the highest levels of performance, far beyond that of the individual devices. Senstar Symphony seamlessly incorporates sensor fusion, event algorithms, and rule-based actions to provide unmatched capabilities, flexibility, and performance.

About Senstar Technologies Ltd.

Senstar Technologies (formerly known as Magal Security Systems) is a leading international provider of comprehensive physical, video, and access control security products and solutions, as well as site management. Over the past 45 years, Senstar Technologies has delivered its products as well as tailor-made security solutions and turnkey projects to hundreds of satisfied customers in over 80 countries under some of the most challenging conditions. On June 30, 2021, the Company completed the sale of its project division for approximately $35 million. The Company is now focused entirely on security products, both software and hardware, and product-based solutions, with a highly visible and scalable business model through its Senstar brand.

Senstar is a global leader in innovative perimeter intrusion detection systems (PIDS) and intelligent video management (VMS) with advanced video analytics and access control, offering a comprehensive suite of innovative, intelligent, integrated security technologies. Senstar offers a comprehensive suite of proven, integrated technologies that reduce complexity, improve performance and unify support. Senstar, which products are found in thousands of sites including critical infrastructure, logistics, corrections and energy, has been protecting high risk assets for more than 40 years. For more information, visit the Company's website at www.senstar.com.

For more information:	IR Contact:
Senstar Technologies Ltd.	Brett Mass
Doron Kerbel, Adv.	Managing Partner
V.P. General Counsel & Company Secretary	Hayden IR
+972-3-5391500	+1-646-536-7331
Doron.Kerbel@senstar.com	Brett@HaydenIR.com

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SOURCE Senstar Technologies Ltd.

FAQ

What did Senstar Technologies announce on March 8, 2022?

Senstar Technologies announced the opening of a software development branch in Timisoara, Romania.

How will the new branch benefit Senstar Technologies?

The new branch will enhance its software portfolio and provide access to a skilled technical workforce.

What is the focus of the new software development branch in Romania?

The focus will be on advancing the Senstar Symphony™ Common Operating Platform and its related software solutions.

What is the significance of the Senstar Symphony platform?

The Senstar Symphony platform integrates security management systems with advanced performance through its Sensor Fusion Engine.

Why did Senstar Technologies choose Romania for its new branch?

Romania was chosen due to its reputation for high-quality software development and access to a large pool of technical talent.