SuperCom Secures Additional $2.6 Million in Orders from European Governments with Delivery Expected Within Three Months

Rhea-AI Summary

SuperCom (NASDAQ: SPCB) has secured $2.6 million in new orders from European governments, expected to be delivered within three months. This development highlights the company's strong position in the electronic monitoring sector and its ability to meet evolving client needs. SuperCom's PureSecurity Suite, an end-to-end electronic monitoring solution with advanced GPS tracking and real-time reporting capabilities, is designed to assist correctional facilities and law enforcement agencies in managing offenders effectively.

CEO Ordan Trabelsi emphasized that these repeat orders demonstrate customer confidence in SuperCom's technology and commitment to public safety. The company, founded in 1988, provides traditional and digital identity solutions to governments and organizations worldwide, offering innovative e-Government platforms and solutions for biometrics enrollment, personalization, issuance, and border control services.

Positive

• Secured $2.6 million in new orders from European governments
• Orders expected to be fulfilled within three months
• Repeat orders indicate customer confidence in SuperCom's technology
• Strengthens SuperCom's position in the electronic monitoring sector

Negative

• None.

TEL AVIV, Israel, Sept. 3, 2024 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, is pleased to announce that it has secured additional new orders valued at $2.6 million from European Governments. The orders are expected to be fulfilled within the next three months.  

 

"We are delighted to continue strengthening our collaboration with European governments," stated Ordan Trabelsi, President & CEO of SuperCom. "These repeat orders underscore our customers' confidence in SuperCom's cutting-edge technology and our unwavering commitment to improving public safety. It is also a testament to our team's dedication to delivering high-quality, reliable solutions."

Trabelsi added, "Securing the additional orders of over $2.6 million is a significant achievement for SuperCom. It highlights our leadership in the electronic monitoring sector and our ability to consistently meet our clients' evolving needs. We remain committed to ensuring successful project execution and fostering lasting partnerships with governments worldwide."

SuperCom's PureSecurity Suite is an end-to-end electronic monitoring solution with state-of-the-art GPS tracking, communication, monitoring technologies, and a secure software platform providing real-time tracking and reporting. The system was designed specifically to meet the needs of correctional facilities and law enforcement agencies, providing them with the tools they need to manage offenders effectively and ensure public safety.

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, worldwide. 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 security and safety, community public safety, law enforcement, electronic monitoring, and domestic violence prevention. For more information, please visit SuperCom's website, 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 levels of consumer, business and economic confidence generally, the adverse effects of these risks 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, 2023, filed with the U.S. Securities and Exchange Commission (the "SEC") on April 22, 2024, 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

FAQ

What is the value of the new orders SuperCom (SPCB) secured from European governments?

SuperCom (SPCB) secured $2.6 million in new orders from European governments.

When are the new orders for SuperCom (SPCB) expected to be delivered?

The new orders for SuperCom (SPCB) are expected to be delivered within three months.

What is SuperCom's (SPCB) main product for electronic monitoring?

SuperCom's (SPCB) main product for electronic monitoring is the PureSecurity Suite, an end-to-end solution with GPS tracking and real-time reporting capabilities.

When was SuperCom (SPCB) founded?

SuperCom (SPCB) was founded in 1988.