SuperCom Launches New $1.2 Million National Electronic Monitoring Project in Europe

Rhea-AI Summary

SuperCom (NASDAQ: SPCB) has secured a new 5-year contract with the government of Latvia, valued at approximately $1.2 million. This contract involves the deployment of its advanced PureSecurity Electronic Monitoring Suite, which includes RF House Arrest and GPS tracking solutions. Following a successful bid process, SuperCom will generate steady-state recurring revenues from this nationwide program managed by the Ministry of Justice. The launch signifies SuperCom's continued expansion in Europe and emphasizes the demand for modern electronic monitoring technologies.

Positive

• Secured a 5-year contract with Latvia government worth approximately $1.2 million.
• Deployment of advanced PureSecurity Electronic Monitoring Suite enhances service offerings.
• Contract expected to generate steady-state recurring revenues within months.
• Project awarded through competitive government bid process, highlighting SuperCom's technology strength.

Negative

• None.

TEL AVIV, Israel, Dec. 1, 2020 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, announced today it has launched a new 5-year contract with the national government of Latvia, valued at approximately $1.2 million, to deploy its enhanced PureSecurity Electronic Monitoring (EM) Suite, including both RF House Arrest and GPS tracking. This launch reflects the progression of the competitive tender win in Latvia previously announced, and the successful completion of the standstill and appeal period as well as contract negotiations and execution.

The nationwide program with the Ministry of Justice of Latvia is set to cover all cases nationwide requiring electronic monitoring of offenders using both RF House Arrest and GPS Tracking solutions. SuperCom has begun deployment of its enhanced PureSecurity product suite introducing many enhancements and new capabilities which have been developed over the past years.

The project was won through a formal government-led bid process, including three companies, in which SuperCom was awarded the highest number of points for the quality portion of the RFP, including technology and solution, in addition to the overall highest score. The project will be billed at a monthly lease rate and is expected to start generating steady-state recurring revenues within a few months.

"We are pleased to announce yet another project launch in Europe for our EM business after a 5-year-long successful EM program which we have deployed and serviced in Latvia. In the previous program, the Latvian Probation Services was pioneering EM in the country, and we were honored to assist them in implementing this new technology and framework for their nation. We are happy to be launching another 5-year project, with a broader set of technical capabilities. This emphasizes the increasing needs for outstanding technology in this industry as well as the continued confidence existing customers have in our solutions," said company President and CEO Arie Trabelsi.

"This new project is another signal that more and more Electronic Monitoring enabling countries, in Europe, in North America, and throughout other regions of the world are turning to SuperCom's technology to support their public safety efforts. This also reflects a greater overall shift to a more modernized, effective approach towards alternatives to incarceration and an emphasis on offenders' successful re-entry into society," concluded Arie Trabelsi.

SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform, which contains a comprehensive set of innovative features, including smart phone 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. Examples of these statements include, but are not limited to, statements regarding business and economic trends, the anticipated impact of the COVID-19 outbreak on travel and physical locations and the anticipated impact of such outbreak on our business and results of operations. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These risks and uncertainties include, but are not limited to, the effects of the COVID-19 outbreak, including 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 the adverse effects of the COVID-19 outbreak on our business or the market price of our ordinary shares, risks and uncertainties described under the heading "Forward Looking Statements" in any report and the risk factors described in our Annual Report on Form 20-F for the year ended December 31, 2018 and our subsequent filings with the U.S. Securities and Exchange Commission and reports on Form 6-K are uncertain. 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 Corporate Contact:
Ordan Trabelsi, President Americas
Tel: +1-212-466-4606
ordan@supercom.com

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SOURCE SuperCom Ltd

FAQ

What is the value of SuperCom's new contract with Latvia?

The new contract with the Latvia government is valued at approximately $1.2 million.

What technology is SuperCom deploying in Latvia's electronic monitoring project?

SuperCom is deploying its enhanced PureSecurity Electronic Monitoring Suite, which includes RF House Arrest and GPS tracking.

When is the contract with Latvia expected to generate revenues?

The contract is expected to start generating steady-state recurring revenues within a few months.

How was SuperCom awarded the contract in Latvia?

SuperCom won the contract through a competitive government-led bid process, receiving the highest score for quality.