SuperCom Announces 3rd New Government Electronic Monitoring Contract in Idaho

Rhea-AI Summary

SuperCom (NASDAQ: SPCB) announced a new contract with the County Juvenile Department in Idaho for its PureTrack GPS smartphone monitoring solution. This marks the third contract in Idaho within a year, reinforcing its expanding customer base. The contract operates on a per unit per day lease basis, generating recurring revenues. CEO Ordan Trabelsi expressed optimism about future contract wins and market growth, citing the company's unique proprietary technology aimed at enhancing public safety and reducing recidivism rates.

Positive

• Secured a new contract with Idaho's County Juvenile Department, marking the third win in less than a year.
• Recurring revenue model through per unit per day lease.
• Positive customer feedback indicating growing market acceptance of SuperCom's products.

Negative

• None.

Another County Juvenile Department contracts with SuperCom to use PureTrack smartphone GPS monitoring solution for Offender Monitoring

OAKLAND, Calif., July 26, 2022 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced today the signing of a third new GPS monitoring contract in Idaho. The County Juvenile Department, the contracting agency, will use SuperCom's PureTrack GPS smartphone products to monitor their caseload for location compliance. SuperCom will supply its proprietary software and hardware, whereas the agency will handle equipment installation and client monitoring. The contract is set up as a per unit per day lease, with billing at the end of each month generating recurring revenues.

"There is almost nothing more rewarding to our team than seeing our solutions expand rapidly and organically to more and more adjacent customers, signaling that our hard work and investments over the years are paying off. This is our third win in Idaho in less than a year, adding to our organically growing customer base. Customers seem to be very excited about our products and this to us means a lot," stated Ordan Trabelsi, President and CEO of SuperCom.

"We have worked hard to build a unique proprietary solution with hardware, software, and services to fill an unmet need in the market. Our products are designed to not only penetrate further but also grow the market by introducing features that facilitate public safety and lower recidivism rates. Leading with our technology, we expect to continue winning more contracts and satisfying more customers in the future ahead," concluded Ordan Trabelsi.

SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform, which contains a comprehensive set of innovative features, including smartphone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens, and extended battery life.

About SuperCom

Since 1988, SuperCom has been a global provider of traditional and digital identity solutions, providing advanced safety, identification and security solutions to governments and organizations, both private and public, throughout the world. Through its proprietary e-Government platforms and innovative solutions for traditional and biometrics enrollment, personalization, issuance and border control services, SuperCom has inspired governments and national agencies to design and issue secure Multi-ID documents and robust digital identity solutions to its citizens and visitors. SuperCom offers a unique all-in-one field-proven RFID & mobile technology and product suite, accompanied by advanced complementary services for various industries including healthcare and homecare, security and safety, community public safety, law enforcement, electronic monitoring, livestock monitoring, and building and access automation.

SuperCom's website is http://www.supercom.com 

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements preceded or followed by or that otherwise include the words "believes", "expects", "anticipates", "intends", "projects", "estimates", "plans", and similar expressions or future or conditional verbs such as "will", "should", "would", "may" and "could" are generally forward-looking in nature and not historical or current facts. These forward-looking statements are subject to risks and uncertainties that could cause our actual results to differ materially from the statements made. Examples of these statements include, but are not limited to, statements regarding business and economic trends, the anticipated effects of the COVID-19 outbreak on travel and physical locations, the levels of consumer, business and economic confidence generally, the duration of the COVID-19 outbreak and severity of such outbreak, the pace of recovery following the COVID-19 outbreak, the effect on our supply chain, our ability to implement cost containment and business recovery strategies and resulting anticipated impact of such outbreak on our business, financial condition and results of operations, the adverse effects of the COVID-19 outbreak on our business or the market price of our ordinary shares, and other risks and uncertainties described in the forward looking statements and in the section captioned "Risk Factors" in our Annual Report on Form 20-F for the year ended December 31, 2021, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 4, 2022, our reports on Form 6-K filed from time to time with the SEC and our other filings with the SEC. Except as required by law, we not undertake any obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release.

SuperCom Investor Relations:
ir@supercom.com

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SOURCE SuperCom Ltd.

FAQ

What is the new contract announced by SuperCom on July 26, 2022?

SuperCom announced a contract with the County Juvenile Department in Idaho to use its PureTrack GPS smartphone monitoring solution.

How does the contract with the Idaho County Juvenile Department generate revenue?

The contract operates on a per unit per day lease basis, which generates recurring revenues.

What is the significance of this contract for SuperCom's business?

This contract represents SuperCom's third win in Idaho within a year, indicating organic growth in its customer base.

Who is the CEO of SuperCom and what did they say about the contract?

The CEO of SuperCom is Ordan Trabelsi, who expressed optimism about the company’s expanding presence and future contract opportunities.