SuperCom Secures 2nd New $1 Million Order From National Government Customer
NEW YORK, May 27, 2020 /PRNewswire/ -- SuperCom (NASDAQ: SPCB), a global provider of secure solutions for the e-Government, Public Safety, HealthCare, and Finance sectors is pleased to report that its e-GOV division has secured a 2(nd) new order of approximaley $1 million from a national government customer, which brings the new project with this customer recently announced on April 8(th) to a value of approximately $2 million. Per the new contract, SuperCom will provide new flexible e-Gov secured solution. This new project of approximately $2 million in value is expected to be recognized over the next 6 months.
National ID, Passport and other turn-key identification solutions provided by SuperCom to governments are intended to be the first step towards addressing the subject of identification for citizens and aliens. They provide protection from undesirable persons such as terrorists and criminals, which can be easily identified. SuperCom's e-Gov solutions enhance national security, and is a basic tool for prevention of crimes in general and identity theft specifically.
"This new additional $1m order, on top of another new $1m order announced just last month with this existing customer demonstrates how quickly revenue opportunities can manifest from the strong relationships we maintain with existing customers. This particular customer has been with SuperCom for many years, has renewed with us several times, and now granted us two new orders resembling growth and confidence in our relationship," commented Arie Trabelsi, President and CEO of SuperCom.
"Many of our solutions, including passport and visa identification as well as offender tracking and monitoring , are considered critical and essential to a country's on-ongoing operations. This robustness helped us wheather various macro-economic storms and shifts over the past 30 years. Our teams are highly motivated and agile enough to adjust to the evolving needs of our customers. We plan to continue to provide the same exceptional service they've come to expect, and in turn not just maintain, but also grow these high-margin recurring revenue streams in the future," concluded Arie Trabelsi.
For more information on these solutions visit www.supercom.com
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.
SuperCom's website is 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. 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
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SOURCE SuperCom Ltd
