Electronic Monitoring Program Go-Live is expected within 90
days of Project Launch
TEL
AVIV, Israel, Aug. 24,
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, together with its local partner, has been awarded
an over $33 million contract by the
national government of an European Union (EU) member country to
deploy its PureSecurity Electronic Monitoring (EM) Suite for a
domestic violence monitoring, GPS Tracking of offenders and home
detention monitoring program.
SuperCom's PureSecurity Suite is a best-of-breed electronic
monitoring and tracking platform with a comprehensive set of
innovative features, including advanced anti-tamper mechanisms,
multi-factor biometrics, the newest location technologies and
sensors, practically limitless historic data, seamless 3rd party
API integration, and an ultra-light weight ankle-bracelet with
proprietary energy efficiency algorithms.
This is the country's first EM project, linking it with a long
list of nations choosing SuperCom's EM solutions and further
expanding SuperCom's footprint into an additional country in the
EU. The nationwide program is expected to encompass all EM offender
programs within the country, up to 15,000 enrollees simultaneously,
and include a unique integration of multiple offender tracking
sub-programs.
The awarded value of the contract based on the government's
internal budgeting is over $33
million. The budget is based mainly on monitoring software,
EM products and complimentary services spread over five years, plus
an additional two years of continued services. EM Program go-live
is expected within the first 90 days of project launch.
"We are excited with this award, the largest European EM project
awarded so far this year. It further validates our strategy to
scale up operations to accelerate growth and improve public safety
in more nations around the world. We look forward to supporting
another EU member country's public safety efforts and bringing them
the many benefits of SuperCom's proprietary EM technology. It is an
honor to take part in this national initiative by building the
necessary infrastructure and deploying this country's first EM
program," commented Ordan Trabelsi,
President & CEO of SuperCom.
"This competitive tender process that just concluded is the
first of several tenders for large scale national European EM
projects that are expected to be concluded in 2022 and 2023, with a
total estimated value of over $200
million. With this meaningful win, SuperCom is once again
signaling, after more than 10 other recent national European EM
project wins, the superiority of its value offering in the European
EM space. We believe our growing reputation as a leading global EM
solution provider will drive additional wins in the future,"
concluded Mr. Trabelsi.
The award was won through a formal bid process, with over 8
international companies taking part in the bidding process. The
process included several rounds of negotiations and several
demonstrations and system tests by the contracting authority. The
award will go through a customary standstill waiting period before
contract signing is approved and the project is launched. SuperCom
management expects to provide further information on such in
follow-up announcements.
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. For more
information, please visit SuperCom's website,
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, status of contractual awards and related
commitments and contingencies, 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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SuperCom Investor Relations:
ir@supercom.com
Kirin Smith
PCG Advisory
ksmith@pcgadvisory.com
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SOURCE SuperCom Ltd.