SuperCom Awarded New National Electronic Monitoring Project in Europe
HERZLIYA, Israel, November 27, 2018 /PRNewswire/ --
SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-government, public safety, healthcare, and finance sectors, was awarded a new project with the national government of a European country to deploy its PureSecurity Electronic Monitoring (EM) Suite with an emphasis on house arrest.
The nationwide program with the Ministry of Justice is set to cover all cases requiring house arrest within the country, with a simultaneous enrollee count starting at over 200.
The award was won through a formal bid process, which included system demonstrations to and tests conducted by the contracting authority. The bidding process also included the incumbent and long-term EM vendor for this country for the past 10 years. The project will be billed at a per-unit daily rate, as well as monthly fees for product components, and is expected to start generating steady-state recurring revenues within a few months from project launch.
This award will go through the customary standstill waiting period before contract signing is approved and the project is launched. Further information is expected to be provided in subsequent announcements.
"We are pleased to announce yet another win for our EM business in a new country in Europe for us and shortly after securing a new contract in Minnesota, USA , announced a few weeks ago," said company President and CEO Arie Trabelsi. "This award is another signal that more and more EM countries, both in Europe and throughout the developed world are turning to SuperCom's technology to support their public safety efforts. This also reflects a greater overall shift to a more modernized, effective approach towards alternatives to incarceration and an emphasis on offenders' successful re-entry into society."
SuperCom's PureSecurity Suite is a best-of-breed electronic monitoring and tracking platform, which contains a comprehensive set of innovative features, including smart phone integration, secure communication, advanced security, anti-tamper mechanisms, fingerprint biometrics, voice communication, unique touch screens and extended battery life.
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, visit http://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 facts. Forward-looking statements in this release also include statements about business and economic trends. Investors should also consider the areas of risk described under the heading "Forward Looking Statements" and those factors captioned as "Risk Factors" in the Company's periodic reports under the Securities Exchange Act of 1934, as amended, or in connection with any forward-looking statements that may be made by the Company. 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 arising from the annual audit by management and the Company's independent auditors. 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
SOURCE SuperCom
