NEW YORK, May 8, 2020 /PRNewswire/
-- SuperCom (NASDAQ: SPCB), a global
provider of secure solutions for the e-Government, Public Safety,
HealthCare, and Finance sectors announced that it has received a
letter from The Nasdaq Stock Market LLC ("Nasdaq") that SuperCom
has regained compliance with Nasdaq's minimum bid price for
continued listing on the Nasdaq Capital Market set forth in Nasdaq
Listing Rule 5550(a)(2) ("Min Bid Price Listing Rule").
On May 7, 2020, SuperCom received
a letter from Nasdaq stating that Nasdaq has determined that for
ten (10) consecutive business days, the closing bid price of the
SuperCom's common stock has been at $1.00 per share or greater. Accordingly, SuperCom
has regained compliance with the Min Bid Price Listing
Rule.
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
facts. Forward-looking statements in this release also include
statements about business and economic trends. Investors should
also consider the areas of risk described under the heading
"Forward Looking Statements" and those factors captioned as "Risk
Factors" in the Company's periodic reports under the Securities
Exchange Act of 1934, as amended, or in connection with any
forward-looking statements that may be made by the Company. These
statements are subject to known and unknown risks, uncertainties
and other factors that may cause actual results, performance or
achievements to be materially different from any future results,
performance or achievements expressed or implied by such
forward-looking statements arising from the annual audit by
management and the Company's independent auditors. The Company
undertakes no 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: +1 212 675 4606
ordan@supercom.com
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SOURCE SuperCom Ltd