10th New contract win in the USA in less than a year
OAKLAND,
Calif., Aug. 9, 2022 /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 an agreement
with a new customer and strategic partner, one of the largest
private probation and judicial drug testing companies in the
Commonwealth of Kentucky and a
leading provider of electronic monitoring (EM) products and
services.
As part of this partnership, SuperCom has already received a
first order and will supply its proprietary EM solutions that allow
continuous GPS tracking and support a wide array of programs such
as GPS Monitoring, house arrest, domestic violence, and more.
SuperCom's offering includes a diverse portfolio of monitoring
solutions, including the PureOne, PureTrack, PureProtect, PureCom,
Purebeacon, and PureTag products.
SuperCom's proprietary EM solutions will be distributed in the
southeastern US market region together with its new partner's
value-added services, allowing customers to decide on the most
suitable technology monitoring solution for each client's unique
risk profile and needs.
"We are happy to work with such an esteemed partner, one of
Kentucky's top EM solution
providers with an excellent track record and experience serving
clients for nearly a decade. We are excited and look forward to
growing our mutual presence in the southeastern area," commented
Ordan Trabelsi, CEO and President of
SuperCom.
"The state of Kentucky is
characterized by high rates of prison overcrowding, a pitiful
situation that harms the well-being of the imprisoned population,
making rehabilitation much more difficult. We strive to ease prison
overcrowding, reduce recidivism rates, and promote public safety
through SuperCom's proprietary EM technology and our partner's
complimentary services," Mr. Trabelsi continued.
With this partnership, SuperCom has secured a new contract to
deploy its PureSecurity Suite while replacing an incumbent
leading EM manufacturer and competitor. The first order of over 50
units has already been placed and will arrive in a few weeks to
three separate offices, with the potential for an additional order
of up to another 100 units in the foreseeable future. The contract
is set up as a per unit per day lease, with billing at the end of
each month generating recurring revenues.
"We are proud that our technology is chosen, time after time, to
replace incumbent solutions in a growing number of geographies.
After the successful deployment of our solutions for national EM
projects in various European countries over the past few years, it
is rewarding to see our solutions gain traction and spread further
across the U.S. This is our 10th new contract win in the
US in less than a year, across five different states, and combined
with a base of 83% recurring revenues in recent years, adds to
confidence in our future growth outlook," concluded Mr.
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.
SuperCom Investor Relations:
ir@supercom.com
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SOURCE SuperCom Ltd.