SuperCom Secures New Electronic Monitoring Contract in South California
SuperCom (NASDAQ: SPCB) announced a new contract to deploy its Pure Security suite of electronic monitoring in South California, marking continued growth in securing electronic monitoring contracts in the US and Europe. The contract follows a competitive evaluation and will operate on a per unit per day lease model, billed monthly. SuperCom's advanced technology was pivotal in winning the contract, highlighting strong industry acceptance. CEO Ordan Trabelsi expressed confidence in future wins, emphasizing the company's robust partnerships and innovative solutions.
- Secured a new contract for the Pure Security suite, enhancing revenue potential.
- Strong industry acceptance of SuperCom's technology and products.
- Contract operates on a per unit per day lease model, ensuring consistent revenue stream.
- The customer is a long-standing provider, indicating stability and reliability.
- None.
A new contract continues Supercom's momentum in securing new EM contracts in the US and Europe
OAKLAND, Calif., July 21, 2022 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secured solutions for the e-Government, IoT, and Cybersecurity sectors, announced today that it has secured a new contract to deploy its Pure Security suite of electronic monitoring with a new customer in South California.
This customer is a long-standing provider of products and services to the Criminal Justice market with primary operations in the southern part of California. SuperCom's proprietary electronic monitoring products and robust business model working directly with government agencies as well as electronic monitoring service providers were both instrumental in securing the contract. The contract is structured as a per unit per day lease model, with billing at the end of each month, for the use of the PureSecurity suite.
"As a developer of public safety solutions, the stakes are high and we must be selective in who we work with. We are constantly impressed by the high caliber of partnerships with local providers we are able to form. These quality partnerships are a testament to the value our products bring to the market," commented Ordan Trabelsi, CEO and President of SuperCom.
"We were able to secure this contract after our proprietary products were evaluated and compared to other competing products by a long-standing provider in the industry. SuperCom continues to win new business in a competitive and demanding market with legacy incumbent vendors, and each win continues to demonstrate industry acceptance and faith in our unique technology and innovative solutions. We expect to see more wins over our competition going forward," concluded Ordan Trabelsi.
SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform with 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.
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SOURCE SuperCom Ltd.
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