NEW YORK, May 27, 2020 /PRNewswire/
-- SuperCom (NASDAQ: SPCB), a global
provider of secure solutions for the e-Government, Public Safety,
HealthCare, and Finance sectors is pleased to report that its e-GOV
division has secured a 2nd new order of approximaley
$1 million from a national government
customer, which brings the new project with this customer recently
announced on April 8th to
a value of approximately $2 million.
Per the new contract, SuperCom will provide new flexible e-Gov
secured solution. This new project of approximately $2 million in value is expected to be recognized
over the next 6 months.
National ID, Passport and other turn-key identification
solutions provided by SuperCom to governments are intended to be
the first step towards addressing the subject of identification for
citizens and aliens. They provide protection
from undesirable persons such as terrorists and criminals,
which can be easily identified. SuperCom's e-Gov solutions
enhance national security, and is a basic tool for prevention of
crimes in general and identity theft specifically.
"This new additional $1m order, on
top of another new $1m order
announced just last month with this existing customer demonstrates
how quickly revenue opportunities can manifest from the strong
relationships we maintain with existing customers. This particular
customer has been with SuperCom for many years, has renewed with us
several times, and now granted us two new orders resembling growth
and confidence in our relationship," commented Arie Trabelsi, President and CEO of
SuperCom.
"Many of our solutions, including passport and visa
identification as well as offender tracking and monitoring , are
considered critical and essential to a country's on-ongoing
operations. This robustness helped us wheather various
macro-economic storms and shifts over the past 30 years. Our teams
are highly motivated and agile enough to adjust to the evolving
needs of our customers. We plan to continue to provide the same
exceptional service they've come to expect, and in turn not just
maintain, but also grow these high-margin recurring revenue streams
in the future," concluded Arie
Trabelsi.
For more information on these solutions visit
www.supercom.com
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