HAIFA, Israel, Jan. 10 (UPI) -- Following year-end reports of continued success in the Israeli security industry, companies have wasted no time closing new overseas deals for 2008.

Earlier this week, Magal Security Systems (NASDAQ:MAGS) announced a $1.25 million agreement with a South African commercial port. According to the Israel Export & International Cooperation Institute, "This new sea port project ... will include (a) security fence, control systems, security cameras and other facilities."

The company made the announcement several weeks after closing a smaller deal with the Israeli port in Ashdod.

"With over 10,000 kilometers of systems installed worldwide, The Magal Group of Companies has a 40 percent share in the worldwide market for Perimeter Intrusion Detection Systems market. The Group's consolidated revenues in the year 2004 were $61 million," the company said.

The Magal Group includes New York-based Smart Interactive Systems Inc., a real-time video-monitoring security services company, and Virginia-based Dominion Wireless Inc., which "specializes in applying advanced radio frequency transmission and locating technologies," Magal said.