10 new contracts in the USA
signed in just 60 days, reflecting record expansion speed
TEL
AVIV, Israel, Jan. 6, 2025
/PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global
provider of secure solutions for the e-Government, IoT, and
Cybersecurity sectors, announced today that it has secured a new
contract to provide its advanced GPS tracking and domestic violence
(DV) monitoring solutions to a government agency in Alabama. This achievement marks SuperCom's 5th
entry into a new US state since August
2024 and its 10th contract signed in the
USA in just 60 days. These
contracts, spanning Kentucky,
South Dakota, and Alabama, reflect record expansion speed for
the company and strong US market acceptance of SuperCom's advanced
offender electronic monitoring technologies.
Under the contract, SuperCom will deploy its cutting-edge
PureSecurity GPS Tracking and PureProtect Domestic Violence
Monitoring technologies. These solutions include advanced features
such as real-time location tracking, anti-tamper mechanisms, and
secure communication channels. The program aims to enhance offender
accountability and safeguard victims, providing Alabama law enforcement agencies with powerful
tools to improve public safety and offender management. The
contract also includes provisions for scalability, allowing for an
increase in the number of monitored units and the addition of new
services over time.
"We're thrilled to see rapid expansion as we enter the
USA market with our advanced
technologies, with a record 10 new contracts secured in just 60
days. After reaching impressive annual growth above 50%
driven by our wins in Europe,
we launched our new technology tailored for the US market, and
based on our success thus far, it looks like we hit the nail on the
head in terms of market fit," commented Ordan Trabelsi, President and CEO of
SuperCom.
"The US electronic monitoring market, multiples larger than the
European one and projected to reach $1.8
billion by 2028, offers unmatched growth opportunities. In
addition, our U.S. solution benefits from key efficiencies,
including a cloud-based infrastructure, a single-language system,
centralized operations and logistics, and no reliance on
subcontractors. These factors significantly reduce costs, increase
operational efficiencies, and support higher margins. All of this
along with our recent momentum is making us excited here at
SuperCom about future prospects for the business as we continue
expansion in the US in parallel to our ongoing European expansion,"
Ordan continued.
"Furthermore, we are happy to bring our innovative GPS tracking
and domestic violence monitoring technologies to Alabama, marking our 5th new state entry in
the U.S. since August 2024. This
milestone underscores the growing demand for our advanced solutions
and highlights the trust public safety agencies place in SuperCom.
We are proud to contribute to Alabama's efforts to create safer communities
and provide essential tools for offender monitoring and victim
protection. This new partnership with Alabama not only strengthens our presence in
the state but also aligns with our vision for sustained growth
across the region," Ordan 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.
Logo:
https://mma.prnewswire.com/media/1717536/SuperCom_Logo.jpg
SuperCom Investor Relations:
ir@supercom.com
View original
content:https://www.prnewswire.com/news-releases/supercom-secures-first-contract-in-alabama-rapid-us-expansion-continues-302343033.html
SOURCE SuperCom
