New Contract with existing customer expected to be deployed
over next 6 months
TEL
AVIV, Israel, Sept. 29,
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 a new $1.7
million contract by an existing customer of its e-Government
division.
According to the terms of the contract, the budget of the
contract is $1.7 million, with
products delivery and services spread over 6 months and expected to
start by end of October 2022.
"We are pleased to win this contract from a long-standing and
valued customer of our e-Government division, signaling to strong
customer satisfaction in our proprietary products and services,
exemplified again through this customer which we have been
servicing for more than 10 years already. As we continue to enhance
our technology capabilities, provide outstanding services to
existing customers, and win more new customers around the world, we
gain further confidence in our goals to grow and help more nations
around the world," commented Ordan
Trabelsi, President & CEO of SuperCom.
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.