Initial Order delivery of over $7
million and Domestic Violence Monitoring Program Go-Live is
expected by October 1st,
2022
TEL
AVIV, Israel, Sept. 12,
2022 /PRNewswire/ -- SuperCom (NASDAQ:
SPCB), a global provider of secured solutions for the
e-Government, IoT, and Cybersecurity sectors, is pleased to
announce that, together with its local partner, it has executed the
contract and launched the over $33
million project with Romania's Ministry of Interior, following the
award announced on August
24th. The project will include the deployment of
SuperCom's PureSecurity Electronic Monitoring (EM) Suite for
Domestic Violence monitoring, GPS Tracking of offenders, and a 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-lightweight
ankle-bracelet with proprietary energy efficiency algorithms.
This is Romania'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 four years,
plus an additional three years of continued services. Initial Order
delivery of over $7 million is
expected by October 1st,
2022.
"We are excited with the execution of this contract; it further
validates our strategy to scale up operations to accelerate growth
and improve public safety in more nations worldwide. We look
forward to supporting Romania'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 Romania'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 expected to be concluded in 2022 and 2023, with a total
estimated value of over $200 million.
With this meaningful win and contract execution, 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.
This contract execution follows the award announced on
August 24th, which was won
through a formal bid process, with over 8 international companies
participating in the bidding process. The process included several
rounds of negotiations and several demonstrations and system tests
by the contracting authority.
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.
SuperCom Investor Relations:
ir@supercom.com
Kirin Smith
PCG Advisory
ksmith@pcgadvisory.com
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SOURCE SuperCom Ltd.