SuperCom's Cyber Security Division Selected by an Israeli Government Security Agency for a $1.2 Million Program

Rhea-AI Summary

SuperCom (NASDAQ: SPCB), a global provider of secured solutions, announced that its cybersecurity division, Safend, has been awarded a 5-year contract worth approximately $1.2 million by an Israeli Government Security Agency. This program is expected to cover up to 40,000 endpoint machines and will include the Safend Protection Suite modules, Protector and Encryptor. The launch is anticipated by the end of January 2021. This selection highlights the trust large organizations have in Safend's capabilities, emphasizing the increasing demand for robust cybersecurity technology.

Positive

• Awarded a 5-year contract worth approximately $1.2 million.
• Contract covers up to 40,000 endpoint machines.
• Strengthens long-term customer relationships, showcasing trust in Safend's solutions.

Negative

• None.

TEL AVIV, Israel, Dec. 11, 2020 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT and Cybersecurity sectors, announced today that its cyber security division, Safend, a data protection and cybersecurity company, has been selected for a 5-year End Point Cyber Security Protection program, with a budget of approximately $1.2 million, by an Israeli Government Security Agency.

Safend provides government agencies and enterprise organizations a broad range of competitive and well-known encryption and data protection solutions. This program is expected to include up to approximately 40,000 end-point machines, as well as integration with existing government infrastructure and systems. The Safend Protection Suite modules Protector and Encryptor will be included in this offering. Safend expects that program launch will begin by the end of January 2021.

"We are pleased to announce a meaningful win from a long-term customer of ours in the Cyber Security division which signals to the confidence large enterprise organizations have in Safend's industry leading solutions. This loyal customer, which has been with Safend for over 10 years, deals with sensitive and critical data, and has access to some of the best cyber security technologies in the world. We are honored to be selected to assist them once more in continuing to implement and expand their end-point security measures by utilizing our technology and frameworks. We are happy to be selected for this 5-year program, with an updated set of technical capabilities. This emphasizes the increasing needs for outstanding technology in this industry as well as the value of our long-term existing customer relationships," commented Arie Trabelsi, SuperCom's President and CEO. 

Safend Protector controls endpoint devices and data flow by automatically detecting, permitting, restricting files and encrypting external media devices. Safend Protector is intuitive and complies with major international standards.

Providing transparent full-disc data encryption, Safend Encryptor offers at-a-click company-wide data security. Requiring negligible IT maintenance, Safend Encryptor balances employee productivity with computer performance without interfering with daily activities.

About Safend

Safend is a leading developer of information security solutions for organizations that provide extensive protection of sensitive corporate information found in the computers of the organization. Safend's product suite includes encryption of computer drives, removable storage devices and CD / DVD precise control over the physical and wireless ports and devices connected to them, and control and supervision of the placement and transfer of sensitive content. These capabilities enable customers of Safend to comply with regulatory mandates and to protect their corporate data without sacrificing efficiency and productivity of the organization. Safend has sold more than 3 million licenses for its products to over 3,000 customers worldwide. The company's solutions are embedded in international companies, government agencies and many other organizations around the world. For more information on Safend and its products: http://www.safend.net.

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.

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 recent contract did SuperCom's cybersecurity division, Safend, secure?

SuperCom's cybersecurity division, Safend, secured a 5-year contract worth approximately $1.2 million from an Israeli Government Security Agency.

How many endpoint machines will the Safend program cover?

The Safend program is expected to cover up to 40,000 endpoint machines.

When is the Safend program expected to launch?

The Safend program is anticipated to launch by the end of January 2021.

What products are included in the Safend Protection Suite for the Israeli government?

The Safend Protection Suite for the Israeli government includes the modules Protector and Encryptor.

What does SuperCom's recent announcement indicate about its customer relationships?

The announcement indicates strong long-term customer relationships and trust in Safend's cybersecurity solutions, as it is a repeat engagement with a customer of over 10 years.