TEL AVIV, Israel, Feb. 16, 2022 /PRNewswire/ -- SuperCom
Ltd. (NASDAQ: SPCB), a global provider of secure solutions for
the e-Government, IOT and Cybersecurity sectors, today announced
that its Chairman of the Board, Mr. Arie
Trabelsi, has notified the Company that he has recently
purchased an additional 405,000 SPCB shares in the
open market, on top of the 512,000 SPCB shares he purchased and
announced on December 30 2021. This
leads to a total of 917,000 SPCB shares purchased
recently as part of his purchase program to purchase up to 3
million SPCB shares in the Open Market.
"I believe the SPCB current stock price levels do not reflect
the high intrinsic value of the company. This purchase program,
through which I purchased an additional 405,000 SPCB
shares following the 512,000 share purchase announced in December,
provides me the ability to opportunistically acquire SuperCom
shares and underscores my ongoing belief in the Company," commented
Mr. Arie Trabelsi, Chairman of the
Board of SuperCom.
Under the Chairman purchase program, the Chairman may purchase
shares in open market transactions or through other authorized
methods. The extent to which the Chairman purchases SuperCom
shares, and the timing of such additional purchases is at the
discretion of the Chairman and will depend upon market conditions
and regulatory requirements.
About SuperCom
Since 1988, SuperCom has been a leading 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
secured Multi-ID documents and robust digital identity solutions to
its citizens and visitors. SuperCom offers advanced, secure mobile
payments ranging from mobile wallet to mobile POS, using a set of
components and platforms to enable secure mobile payments and
financial services. SuperCom is a global provider of a superior
all-in-one field-proven RFID & mobile PureSecurity advanced
solutions 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: 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, 2020, filed with the U.S.
Securities and Exchange Commission (the "SEC") on April 30, 2021, 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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SuperCom Investor Relations:
ir@supercom.com
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SOURCE SuperCom Ltd.