TEL AVIV, Israel, March 19, 2020 /PRNewswire/ -- SuperCom
Ltd. (NASDAQ: SPCB), a global provider of Multi-Identity, IoT,
Connectivity, and Cyber Security solutions for the global Public
and Private Sectors, today announced that its CEO, Mr. Arie Trabelsi, has notified the Company that he
has increased his purchase program to purchase up to 6 Million of
the company's ordinary shares on the open market.
"I believe the SPCB current stock price levels do not reflect
the high intrinsic value of the company. This program provides me
the ability to opportunistically acquire SuperCom shares and
underscores my ongoing belief in the Company," commented Mr.
Arie Trabelsi, President and CEO of
SuperCom.
Under the CEO purchase program, the CEO may purchase shares in
open market transactions or through other authorized methods. The
extent to which the CEO purchases SuperCom shares and the timing of
such purchases is at the discretion of the CEO and will depend upon
market conditions and regulatory requirements. This program does
not require the purchase of any minimum number of shares.
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
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
facts. These statements are subject to known and unknown risks,
uncertainties and other factors that may cause actual results,
performance or achievements to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. Among the factors that could cause
actual results, performance or achievements to differ materially
from those discussed in this press release are those detailed from
time-to-time in prior press releases and in the company's filings
with the Securities and Exchange Commission, including the
company's annual report on Form 20-F and reports on Form 6-K, The
Company undertakes no 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 Corporate Contact:
Ordan Trabelsi, President
Americas
Tel: +1-212-675-4606
ordan@supercom.com
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SOURCE SuperCom Ltd