Revenue
A private Israeli company specializing in surveillance technologies.
The company has provided border security solutions to the Israeli military, including to the Separation Wall. According to the company’s website, the “Israeli military turned to Magna [to] implement solutions to safeguard sections of the nation’s northern and southern borders as well as areas of the Green Line.” The company received official approval from the Israeli military to use video analytics in its intrusion detection systems, installed along all Israeli borders.
The company supplies a thermal detection and identification system to Israel Prison Service (IPS). The system is installed in Nafha prison, established in 1980 and located within the Green Line in order to hold and isolate Palestinian political prisoners.
The company’s perimeter protection system was installed in the Old City in occupied East Jerusalem.
In February 2015, in an official letter to Who Profits, Magna’s administration stated: “The MAGNA company is proud to supply surveillance and protection technology to the Israeli Defense Forces in order to protect our innocent citizens from terrorist attacks”.
Ownership
The company’s shareholders include, among others, its founder, Haim Siboni, Aeronautics, Rotem Ventures Incubator, Phoenix Insurance and Psagot Investment House.
Subsidiaries
Magna BSP holds a 23.19% stake in Foresight Autonomous Holdings, a publicly traded Israeli technology company listed on Nasdaq and the Tel Aviv Stock Exchange under the ticker symbol FRSX. Foresight subsidiaries include Foresight Automotive (100%), Eye-Net Mobile (100%) and Rail Vision (24%).
Partners
Company clients include the Israeli Ministry of Defense, military, police and prison service.
All the information contained in this page is valid until Sun 09/08/2020
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