TEL
AVIV, Israel, Aug. 29,
2024 /PRNewswire/ -- SuperCom
(NASDAQ: SPCB), a global provider of secure solutions for
the e-Government, IoT, and Cybersecurity sectors, announced today
that it has successfully secured a new contract with a leading
Baltimore-based service provider
in Maryland. The contract, which
was launched in June 2024, is
estimated to generate an annual recurring revenue (ARR) of
approximately $250,000.
Through this new partnership, SuperCom has deployed its advanced
GPS technology, along with its 24/7 monitoring center services.
These solutions are designed to significantly enhance the service
provider's ability to monitor and manage offenders effectively,
ensuring continuous and reliable oversight.
"We are thrilled to expand our presence into Maryland through this partnership with a
prominent Baltimore-based service
provider. Our GPS technology and 24/7 monitoring center services
are perfectly aligned to meet the needs of their clients and
operations, providing robust and reliable solutions to support
their mission. This contract not only strengthens our footprint in
the U.S. market but also reaffirms our commitment to delivering
top-tier technology and services that empower our partners and
clients to achieve their goals," commented Ordan Trabelsi, President and CEO of
SuperCom.
"Over the past year, SuperCom has successfully expanded into new
territories across North America,
establishing a strong presence in key markets. This growth reflects
our ongoing dedication to providing innovative solutions that meet
the evolving needs of our customers. Our entry into Maryland is another important milestone in our
North American expansion strategy, and we are excited about the
opportunities it brings," Ordan
Trabelsi concluded.
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, worldwide. 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, and domestic violence prevention. 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 levels of consumer, business and
economic confidence generally, the adverse effects of these risks
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, 2023, filed with the U.S. Securities
and Exchange Commission (the "SEC") on April
22, 2024, 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