SuperCom Awarded Croatia's first National Electronic Monitoring Project
SuperCom (NASDAQ: SPCB) announced its award of Croatia's first full-scale electronic monitoring contract by the Ministry of Justice and Administration. This project will deploy SuperCom's PureSecurity Electronic Monitoring Suite, aimed at enhancing public safety, reducing prison overcrowding, and lowering recidivism rates over five years. The company secured the contract through a competitive bidding process, anticipating revenue generation shortly after launch. This expansion further solidifies SuperCom's European presence and highlights its innovative technology within the electronic monitoring sector.
- Awarded Croatia's first full-scale electronic monitoring contract.
- Anticipates revenue generation shortly after project launch.
- Expands SuperCom's footprint in the European electronic monitoring market.
- None.
TEL AVIV, Israel, March 23, 2022 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, IoT, and Cybersecurity sectors, was awarded by the Ministry of Justice and Administration of Croatia the first full-scale electronic monitoring contract in the country and will deploy SuperCom's PureSecurity Electronic Monitoring (EM) Suite. This project heralds Croatia joining a long line of countries choosing SuperCom's EM solutions and further expands SuperCom's footprint in Europe.
Through its innovative and proven technology and services, SuperCom aims to help Croatia improve public safety efficacy, reduce prison overcrowding, and lower recidivism. The project will include the PureSecurity RF monitoring solution, providing continuous tracking of offenders in house arrest. The project is set to cover all EM offender programs within Croatia for a duration of five years.
The award was won through a formal competitive bid process, against other EM vendors with an established EU presence. SuperCom expects to deploy the initial order and generate revenues shortly after the project launch.
This award will go through the customary standstill waiting period before contract signing is approved and the project is launched. SuperCom management expects to provide further information on such in follow-up announcements.
"We are pleased to have received this award, scoring higher than any of the other players in this competitive tender. We are honored to help new countries benefit from the many advantages of electronic monitoring programs and support their initiatives by being their partners, side by side, in building the needed infrastructure and project deployment. We see the continuous adoption of our EM technology and services by a growing number of European nations as a clear demonstration of the trust in and validation of the quality of our offerings," commented company President and CEO Ordan Trabelsi.
"European countries as well as some of the others to select our EM technology are among the most advanced and evolved EM countries in the world, practicing a modernized and effective approach towards alternatives to incarceration and emphasizing offenders' successful re-entry into society. Our current flourishing EM projects and upcoming ones can further serve us as strong reference points and concrete customer validation. We believe our rapid expansion and growing brand recognition in Europe and the U.S. ideally position us to capitalize on an valuable pipeline of EM project opportunities worldwide. And we expect to win more projects going forward," Ordan concluded.
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. For more information, visit 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, 2020, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 30, 2021, 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.
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