SuperCom, Ltd - SPCB STOCK NEWS

SuperCom (NASDAQ: SPCB) has secured its first electronic monitoring (EM) contract with a Juvenile Probation Agency in Ohio, marking its entry into the sixth new U.S. state since summer 2024. This represents the company's 20th new EM contract in the U.S. during this period.

The contract involves SuperCom's PureOne technology, which offers real-time GPS tracking, secure communication, and advanced compliance capabilities. The company successfully displaced the incumbent service provider, allowing the agency to manage operations directly through the PureSecurity platform, reducing costs.

This expansion follows recent entries into New York, South Dakota, Baltimore, West Virginia, and Alabama, demonstrating SuperCom's growing presence in the U.S. market. The company's strategy focuses on refined technology offerings and strengthened sales efforts.

SuperCom (NASDAQ: SPCB) has secured a new contract in Alabama to provide GPS tracking and domestic violence monitoring solutions, marking its 5th entry into a new US state since August 2024. This is part of a remarkable expansion where the company signed 10 new contracts in the USA within 60 days, including deals in Kentucky and South Dakota.

The contract includes deployment of PureSecurity GPS Tracking and PureProtect Domestic Violence Monitoring technologies, featuring real-time tracking and anti-tamper mechanisms. The agreement allows for scalability in monitored units and services. The company reports annual growth above 50% from European operations and is now targeting the US electronic monitoring market, projected to reach $1.8 billion by 2028.

SuperCom's US solution leverages cloud-based infrastructure, single-language system, and centralized operations, aimed at reducing costs and increasing operational efficiencies.

SuperCom (NASDAQ: SPCB) has secured two new contracts with agencies in Kentucky, successfully displacing incumbent competitors. The contracts involve deploying SuperCom's advanced public safety technologies for enhanced monitoring capabilities. This expansion builds upon the company's existing presence in Kentucky, where it has previously deployed its PureProtect domestic violence monitoring solutions.

The achievement marks continued growth in SuperCom's U.S. market presence and demonstrates its ability to establish direct partnerships with government agencies. The company's focus remains on delivering tailored solutions to enhance offender monitoring and support rehabilitation efforts, contributing to Kentucky's public safety infrastructure.

SuperCom (NASDAQ: SPCB) has secured seven electronic monitoring contracts with county Sheriff agencies across South Dakota, marking its fourth new state entry since August 2024. The deployments will feature SuperCom's PureOne technology, which provides real-time GPS tracking and communication capabilities for both urban and rural environments.

This expansion into South Dakota demonstrates SuperCom's accelerating market penetration in the United States, with more agreements expected in the region. The company's PureOne solution is being adopted for its ability to meet evolving law enforcement needs and enhance public safety through advanced monitoring solutions.

SuperCom (NASDAQ: SPCB) has successfully launched a new electronic monitoring project with the State Police of Latvia, focusing on domestic violence prevention. This marks the company's third national contract in Latvia and sixth national domestic violence project in Europe. The project involves deploying SuperCom's PureSecurity EM Suite, which includes GPS tracking devices, secure communications, and real-time monitoring capabilities.

Following a competitive tender process, this implementation strengthens SuperCom's position in the European public safety market. The technology will enhance Latvia's ability to monitor offenders and respond to domestic violence cases more effectively, contributing to regional public safety and security efforts.

SuperCom (NASDAQ: SPCB) reported strong financial results for Q3 and the first nine months of 2024. Revenue for the nine-month period increased to $21.3 million, with gross profit rising to $10.7 million and margin improving to 50.1%. The company achieved net income of $2.52 million, compared to a loss in the previous year. Q3 revenue was $6.91 million with positive free cash flows of $1.2 million.

The company secured multiple new contracts, including a significant 5-year contract with the Israel Prison Service and various electronic monitoring contracts across the US. Notable new orders totaling over $13.5 million were received from European governments, expected to be delivered by end of 2024.

SuperCom (NASDAQ: SPCB), a provider of e-Government, IoT and Cybersecurity solutions, has scheduled its Third Quarter 2024 financial results conference call for November 14, 2024 at 10 a.m. Eastern time. The company will release its financial results before the call, which will include a management presentation followed by a Q&A session. The conference call will be accessible via multiple dial-in numbers, including U.S. toll-free and international options.

SuperCom (NASDAQ: SPCB), a global provider of secured solutions for e-Government, IoT, and Cybersecurity sectors, has announced its participation in the 17th Annual LD Micro Main Event. The company's President and CEO, Ordan Trabelsi, will present a corporate overview on October 30th, 2024 at 2:00 PM PT at the Luxe Sunset Boulevard Hotel, California.

Interested parties can register for one-on-one meetings or watch the presentation virtually. SuperCom, established in 1988, offers traditional and digital identity solutions to governments and organizations worldwide. Their services include e-Government platforms, biometrics enrollment, personalization, issuance, and border control services. The company also provides RFID & mobile technology solutions for various industries such as healthcare, security, and electronic monitoring.

SuperCom (NASDAQ: SPCB), together with partner Electra, has been awarded a 5-year contract by the Israel Prison Service (IPS) to deploy its PureSecurity Electronic Monitoring (EM) Suite. The contract, already in effect, covers all EM programs in Israel, starting with Home Detention Monitoring and GPS Tracking programs. The nationwide program is expected to include approximately 1,500 enrollees with potential for expansion.

SuperCom will deploy its advanced EM solutions, including PureCom, PureTrack, PureTag, and PureBeacon. The contract includes an option for up to four one-year extensions. This win strengthens SuperCom's position as a leading security technology provider and demonstrates the growing global demand for its advanced EM solutions.